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 twelfth store for lab-grown diamond jewellery under the brand name 'Origem' at Nexus Elante Mall in Chandigarh. This latest expansion marks a significant milestone in the company's retail growth strategy and strengthens its presence across key markets in India.

Latest Store Opening

The company's newest retail outlet details are as follows:

Expansion Strategy

This new store opening aligns with Goldiam International's long-term strategy of expanding its retail presence and enhancing customer engagement across key markets. The company has been steadily increasing its footprint in the lab-grown diamond jewellery sector, with this being the twelfth store in its retail network.

Complete Store Network

Goldiam International's retail presence now spans across multiple cities:

Store Closure and Relocation

The company has noted that its Borivali West store has been closed as the building is undergoing redevelopment. Goldiam International is currently evaluating relocation options, including a mall or other suitable location that offers higher footfall for this particular outlet.

Market Positioning

The opening of the Chandigarh store represents Goldiam International's first expansion into North India's retail hub, diversifying its geographical presence beyond Mumbai, Navi Mumbai, Bengaluru, and Noida. This strategic move indicates the company's confidence in the growing demand for lab-grown diamond jewellery across different regional markets.

As the lab-grown diamond market continues to evolve, Goldiam International's focus on expanding its 'Origem' brand retail presence demonstrates the company's commitment to this growing segment of the jewellery industry.