384.9500 -6.20 (-1.59%)
NSE May 20, 2025 15:31 PM
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384.95
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Jewelery company Goldiam International gains on entry into lab grown diamonds

Jewelry company Goldiam International (which is in ten stock screeners) is gaining post its announcement that it is entering the lab grown diamond space with a focus on exports. 

At the recently concluded JCK Las Vegas Jewelry Exhibition, the company says it introduced its launch line of lab-grown diamond jewelry to current and potential new customers. "Lab-grown diamonds are a new & highly disruptive product in the global diamond business," the company said,  "they are rapidly gaining appeal among US customers for the value they provide, being at least 50% cheaper than same quality mined diamonds."

Lab-grown diamonds are not yet a mass market category, but enjoys a higher margin than traditional mined-diamond jewelry manufacturing. Goldiam says that it is marketing the product to major jewelry firms across the US in the coming months. 

Goldiam International Ltd. is trading below its 100 day SMA of 409.7
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