Goldiam International, a leading manufacturer of lab-grown diamonds, has announced the opening of its second retail store under the brand name “ORIGEM” in Kharghar, Navi Mumbai. This follows the successful launch of their first store in Borivali, Mumbai, in October 2024. The company is strategically expanding its retail presence to cater to the growing demand for lab-grown diamond jewelry in India. The Kharghar store, located at Shree Krishna Paradise CHS, Sector 12, will offer a wide range of lab-grown diamond jewelry, showcasing the brand’s commitment to ethical and sustainable practices. This expansion aligns with Goldiam’s broader strategy to establish a strong foothold in the rapidly growing lab-grown diamond market.
Key Insights:
- Focus: Goldiam International’s strategic expansion into the retail sector with its lab-grown diamond jewelry brand “ORIGEM”.
- Key Event: The opening of the second “ORIGEM” store in Kharghar, Navi Mumbai, indicating a growing demand for lab-grown diamonds.
- Potential Impact:
- Increased brand visibility and market share for Goldiam International.
- Potential boost to the company’s revenue and profitability.
- Further validation of the growing consumer acceptance of lab-grown diamonds.
Investment Implications:
- Goldiam International’s proactive expansion into the retail market could be a positive sign for investors, suggesting confidence in the company’s growth prospects.
- The strong initial sales reported at the first “ORIGEM” store in Borivali indicate a positive market response to the brand and its offerings.
- Investors may want to consider the potential of the lab-grown diamond market in India and Goldiam’s position within this growing segment.
- It is crucial to monitor the company’s financial performance and market share in the coming quarters to assess the success of this retail venture.
