Editor’s Note
**Editor’s Note:** Goldiam International’s latest export orders underscore the growing global pivot toward lab-grown diamonds, driven by consumer demand for cost-effective and sustainable luxury. With a strong foothold in the U.S. market, the company is well-positioned to capitalize on this structural industry shift.
Goldiam International has secured fresh export orders worth Rs. 60 crore from US-based clients for lab-grown diamond jewellery, with execution scheduled by October 31, 2026, further strengthening revenue visibility after a record FY26 performance.
The global jewellery industry is witnessing a structural shift toward lab-grown diamonds as consumers increasingly prefer them for their affordability and sustainability attributes. The United States remains the largest market for lab-grown diamond jewellery, while Indian manufacturers have emerged as key suppliers due to their cost competitiveness, manufacturing expertise and strong export infrastructure.
Goldiam International Limited has informed the stock exchanges that it has received purchase orders worth Rs. 60 crore from international customers based in the United States for the manufacture and export of lab-grown diamond jewellery.
Goldiam’s ability to continue winning orders despite changing global trade dynamics stems largely from its unique manufacturing structure. Since September 2025, its US subsidiary has undertaken initial manufacturing processes domestically, allowing finished products to qualify for US-origin status and reducing tariff-related risks.
Established in 1986 and headquartered in Mumbai’s SEEPZ, Goldiam International is an integrated manufacturer and exporter of diamond jewellery. The company primarily serves leading US retailers as an OEM partner while simultaneously expanding its own branded lab-grown diamond retail business under the ORIGEM brand.
The Rs. 60 crore order represents a meaningful addition to Goldiam’s existing order pipeline. As of March 31, 2026, the company had an order book of around Rs. 200 crore, which was expected to be executed within three to four months. The latest order further improves earnings visibility heading into FY27.
The new contract comes after Goldiam delivered its strongest financial performance to date during FY26. Consolidated revenue crossed the Rs. 1,000 crore milestone for the first time, rising 27.5 percent year-on-year to Rs. 1,021.2 crore, driven by resilient demand from the US market.
Profitability expanded at an even faster pace. EBITDA increased by 36.2 percent to Rs. 248.7 crore, while EBITDA margins improved by 155 basis points to 24.3 percent. Consolidated net profit rose 45.7 percent to Rs. 170.6 crore, with PAT margins improving to 16.7 percent from 14.6 percent in FY25.
The growth momentum remained strong during the fourth quarter as revenue increased by 21 percent year-on-year to Rs. 243.3 crore. EBITDA rose 35.9 percent, while net profit surged by nearly 61 percent to Rs. 37.2 crore, indicating continued demand strength and improving operating leverage.
Goldiam’s balance sheet remains one of its biggest strengths. The company ended FY26 with cash and investments of approximately Rs. 493.4 crore and continues to maintain an effectively debt-free position, giving it ample flexibility to support working capital requirements and future expansion initiatives.
The company is also largely insulated from domestic gold duty changes as its manufacturing operations are located in the SEEPZ Special Economic Zone, enabling it to benefit from various duty exemptions available to export-oriented units.
Lab-grown diamonds have become the primary growth engine for the company, accounting for nearly 88 percent of export revenue during Q4 FY26 compared with 82 percent in the corresponding period last year. The segment also enjoys superior realisations and continues to witness increasing acceptance among global retailers.
Apart from exports, Goldiam is gradually building a direct-to-consumer business through its ORIGEM retail brand. The company expanded the chain to 24 stores across 12 cities by FY26-end and plans to add eight more stores by September 2026, creating an additional long-term growth avenue.
The company has also maintained a shareholder-friendly capital allocation strategy. Alongside its FY26 results, the board proposed a 1:3 bonus issue and has returned more than Rs. 250 crore to shareholders through dividends and buybacks over the last five years.
