Goldiam International , a leading exporter of diamond jewelry, has reported robust financial results for Q2 and H1, successfully navigating through recent tariff challenges in its primary US market.

Key Financial Highlights

Strategic Response to US Tariffs

Effective August 27, 2025, the United States significantly increased tariffs on several Indian export categories, including lab-grown and natural diamond jewelry, from approximately 16% to 56%. In response, Goldiam swiftly implemented a U.S.-origin casting model to mitigate tariff exposure.

This strategic move involved:

• Casting raw gold into unfinished jewelry pieces within the United States
• Creating domestic US employment opportunities
• Shipping castings to India for further processing, including polishing and diamond setting
• Establishing US Product of Origin to minimize net tariff impact

Operational Highlights

• Lab Grown Diamond (LGD) jewelry exports contributed 89.90% to the overall export sales mix in Q2, up from 77% in Q2 of the previous year
• Online revenue accounted for 19.90% of Q2 revenue
• 72% of inventory (finished jewelry) as of September 30, 2025, is with customers as finished stock
• Order book position stood at approximately ₹2,000.00 million as of September 30, 2025
• Cash and Cash Equivalents (including investments) were ₹4,639.30 million as of September 30, 2025

ORIGEM Expansion

Goldiam's B2C lab-grown diamond jewelry brand, ORIGEM, has shown significant progress:

• Now operates 11 stores across Mumbai (8), Noida (2), and Bengaluru (1)
• Present in marquee locations such as Phoenix Palladium and R City Mall in Mumbai
• Recorded a total revenue of ₹28.00 million in Q2
• Plans to have 20-25 operational stores by March 31, 2026

Management Commentary

Mr. Rashesh Bhansali, Executive Chairman of Goldiam International, stated, "We are extremely happy with what we have achieved in Q2. It was one of the toughest quarters as the USA, our primary market, introduced hefty tariffs across goods, including jewelry. We came up with a globally accepted solution with a US Customs Ruling, to propel business continuation."

Mr. Anmol Bhansali, Managing Director, added, "With 11 operational stores, ORIGEM has established itself as a multi-city lab grown jewelry brand, present at marque locations representing a unique blend of malls and high streets, catering to micro markets with high propensity for discretionary spending."

Looking Ahead

Despite operational challenges with the US Casting Model, Goldiam is gearing up for a busy holiday season in Q3. The company's strategic initiatives, coupled with its strong order book and expanding retail presence through ORIGEM, position it well for continued growth in the coming quarters.

Goldiam International's ability to adapt quickly to market challenges while maintaining strong growth demonstrates its resilience and strategic acumen in the competitive diamond jewelry market.

Goldiam International has announced the opening of its ninth lab-grown diamond jewelry retail store under the brand name 'Origem' at Wave One Mall in Noida. This strategic move marks another step in the company's ongoing expansion of its retail presence and efforts to strengthen customer engagement across key markets.

Store Details

Expansion Strategy

The new store opening aligns with Goldiam International's long-term strategy to broaden its retail footprint. This expansion follows the company's earlier store launches in various locations:

• Borivali West
• Kharghar (Navi Mumbai)
• Turner Road, Bandra West (Mumbai)
• Mulund West (Mumbai)
• Fairmont Hotel, Next to T2 Terminal, Chhatrapati Shivaji Maharaj International Airport Road (Mumbai)
• Andheri Link Road, Andheri West (Mumbai)
• Bengaluru
• Noida (Central 50)

Market Impact

The continued expansion of Goldiam International's retail presence under the 'Origem' brand for lab-grown diamond jewelry signifies the company's commitment to capitalizing on the growing market for sustainable and ethically sourced diamonds. By establishing a strong retail network, the company aims to enhance its direct engagement with consumers and potentially increase its market share in the lab-grown diamond segment.

Investors and market watchers may view this expansion as a positive indicator of the company's growth strategy and its ability to adapt to changing consumer preferences in the jewelry market.

Goldiam International has stated that it will continue to update the exchanges with further developments, suggesting that the company may have plans for additional expansion in the future.

As the lab-grown diamond market continues to evolve, Goldiam International's retail expansion strategy could position the company to benefit from increased consumer interest in sustainable and affordable diamond jewelry options.