Goldiam International Ltd, a manufacturer and supplier of natural and lab-grown diamond jewellery has received purchase orders of Rs 70 crore ($8.4 million) from large retailers in the USA.
Of the total orders received for diamond studded gold jewellery, lab-grown diamond jewellery accounts for 80 percent of the total value.
The company will fulfill these orders over the next 3 to 4 months and expects strong momentum for the company in the near term.
“With these orders, we are thrilled to announce that Goldiam’s cumulative orders book has surpassed Rs.200 crores, marking a significant milestone in the company’s history. What makes this achievement even more noteworthy is that the majority of these orders are for Lab-grown diamonds, reflecting the growing demand for sustainable and innovative jewellery solutions,” Godiam Ltd said in a statement.
The Mumbai-based Goldiam manufactures and supplies luxury diamond jewellery to leading branded retailers in the United States and Europe.
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