Secondary Issues
Diamond jewellery seller Goldiam raises Rs.202-Cr via QIP for LGD-retail push
Mumbai-based publicly listed diamond jewellery exporter Goldiam International has raised INR 202 crore through a Qualified Institutional Placement (QIP) to accelerate its push into lab-grown diamonds.The placement, advised by Monarch Networth Capital, drew participation from domestic and global investors, including Morgan Stanley. The fundraising marks the largest institutional bet so far in India’s lab-grown diamonds (LGD) sector.The fresh capital will fuel the expansion of Origem, Goldiam’s LGD jewellery brand. Origem, which entered the market 10 months ago, has opened six outlets and plans to roll out 70-90 stores nationwide in the next 18-24 months.
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