Goldiam International Opens 20th ORIGEM Lab-Grown Diamond Store in Hyderabad

Goldiam International Ltd announced the opening of its 20th retail store for its lab-grown diamond jewellery brand, ORIGEM. The new outlet is located at Nexus Mall Kukatpally in Hyderabad, Telangana, and began operations on March 25, 2026.

This opening is a significant step in Goldiam's broader strategy to aggressively expand its nationwide retail footprint and capture market share in India's rapidly growing sustainable luxury segment. The company aims to open 70-90 ORIGEM stores across India within the next 18-24 months, supported by a ₹202 crore Qualified Institutional Placement (QIP) raised in August 2025.

Goldiam has been increasingly focusing on lab-grown diamonds, shifting its B2B export business towards them and making them a substantial part of its revenue. This focus is reflected in the expansion of its ORIGEM retail network.

The company is also managing past challenges, including a revenue decline in FY23 attributed to US economic headwinds and inflation. Notably, its Borivali West store recently closed due to building redevelopment, with relocation plans currently under evaluation. The expansion into Hyderabad helps bolster Goldiam's national presence and can mitigate the localized impact of such store closures.

Goldiam operates in a competitive space. Peers like Titan Company Ltd have launched their own LGD brands, such as 'Pome', while Kalyan Jewellers India Ltd, Senco Gold Ltd, and PC Jeweller Ltd are also integrating or expanding their presence in the lab-grown and broader jewellery retail markets.

For the third quarter of fiscal year 2026, Goldiam reported consolidated revenue of ₹3,397 million, marking an 18% year-on-year growth. The company's consolidated Profit After Tax (PAT) for the same quarter was ₹684 million.

Investors will be watching the performance of the new Hyderabad store and progress towards the 70-90 store expansion target. Updates on the Borivali store relocation and how retail expansion contributes to overall financial results will be key. External factors like US consumer spending trends, potential US tariff adjustments on jewellery exports, and overall LGD market dynamics also warrant attention.