Goldiam International Ltd, a Mumbai-based diamond jewellery exporter, has successfully raised Rs 2,020 crore through a Qualified Institutional Placement (QIP) . The funds raised will be used to accelerate the expansion of its lab-grown diamond retail brand, ORIGEM , which is expected to become a key player in the Indian jewellery market.

The company announced plans to open 70 to 90 new ORIGEM stores across India over the next 18 to 24 months , significantly exceeding its previous pace of opening six stores in the past ten months. This retail expansion reflects Goldiam's strategic focus on the high-growth lab-grown diamond sector while capitalizing on evolving consumer preferences and the trend towards sustainable luxury.

In addition to retail growth, Goldiam continued to strengthen its export business in the United States, the Middle East, Israel, and Australia. By producing some of its gold castings locally, the company is shielding itself from U.S. tariffs and ensuring a stable supply to its international retail partners.

Notably, over the past five years, Goldiam has returned nearly 20 billion rupees to shareholders , demonstrating its long-term commitment to investor returns. Looking ahead, the company expects consolidated revenue and profit to grow by 15% to 20% this fiscal year , primarily driven by its domestic retail and export businesses.