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Goldiam International secures ₹202 crore in QIP to accelerate ORIGEM expansion

Goldiam International Limited , a prominent player in the diamond jewellery export sector and an emerging disruptor in the lab-grown diamond (LGD) retail space, has successfully raised ₹202.00 crore through a Qualified Institutional Placement (QIP). This significant capital infusion marks a pivotal moment for the company as it sets its sights on aggressive expansion plans for its consumer-facing LGD jewellery brand, ORIGINE M.

The QIP, which saw participation from marquee funds, represents the largest funding round in the lab-grown diamond retail segment to date. Goldiam International intends to utilize this capital to fuel the rapid expansion of ORIGINE M, with plans to establish 70-90 stores across India within the next 18-24 months. This ambitious rollout strategy underscores the company’s commitment to cementing its position as a leader in the burgeoning LGD jewellery market.

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