DiamondBuzz
Goldiam raises Rs. 202 cr, to drive expansion of LGD business
Goldiam International Ltd., a leading diamond jewellery exporter and a fast-growing player in the lab-grown diamond (LGD) segment, has raised Rs. 202 crore through a Qualified Institutional Placement (QIP).The fundraise, facilitated by Monarch Networth Capital, saw participation from marquee global and domestic investors including Morgan Stanley.
The capital infusion will drive the aggressive expansion of ORIGEM, Goldiam’s consumer-facing LGD jewellery brand, with plans to open 70 to 90 stores across India over the next 18 to 24 months.
ORIGEM has opened six stores in the past 10 months. Backed by a debt-free balance sheet, steady cash flow generation, and a track record of returning nearly Rs 200 crore to shareholders through dividends and buybacks in the last five years, Goldiam said it is positioned for sustainable growth.
On a consolidated basis, the company expects 15% to 20% growth in both sales and profitability this year, driven by its global B2B business and fast-scaling Indian B2C retail presence.
Anmol Bhansali, Director at Goldiam International Ltd., said, “This fundraise marks a defining moment in Goldiam’s journey. With the support of marquee investors, we are now well-positioned to accelerate ORIGEM’s expansion and bring lab-grown diamond jewellery to a much wider audience across India. Our vision is to make diamonds more sustainable, accessible, and aspirational, and this capital will help us build the country’s leading retail franchise in the lab-grown diamond category.”
DiamondBuzz
Richemont and Signet Jewelers Could Join Global Diamond Consortium In Bid For De Beers
Richemont, Signet Would Connect The Consortium To Key Global Growth Vectors Spanning Luxury High Jewelry and Mass-Market Retail.
The Global Diamond Consortium (GDC)
Richemont and Signet Jewelers are reported to be in talks about joining the Global Diamond Consortium (GDC), the preferred bidder for De Beers according to a Bloomberg News report.
GDC was selected in July 2026 as one of Anglo American’s preferred bidders for De Beers as part of Anglo American’s ongoing corporate restructuring.
The potential inclusion of Richemont—owner of luxury Maisons including Cartier and Van Cleef & Arpels—and Signet Jewelers—the world’s largest retailer of diamond jewelry, operating brands such as Kay Jewelers, Zales, and Jared—would connect the consortium to key global growth vectors spanning luxury high jewelry and mass-market retail.
Strengthening the Natural Diamond Ecosystem: Participation by major luxury brands and global retail leaders reinforces commitment across the entire value chain—from responsible mining and manufacturing to consumer engagement.
Balanced Governance Structure: Discussions center on potential minority equity positions that would support long-term category growth while maintaining appropriate separation between ownership and commercial strategy.
Broad Stakeholder Participation: The consortium continues to advance talks with host governments, including discussions with the Government of Botswana regarding a potential increase in its equity share in De Beers from 15% to approximately 25%, alongside participation from private investors and southern African host nations.
Discussions between GDC, Richemont, Signet, and participating government stakeholders remain ongoing. Terms of any potential participation, including the size of equity interests, have not been finalized and remain subject to regulatory approvals and definitive documentation.
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