FII increased its share .. Comapany is on right path .
Not invested as yet . Just tracking .
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He has been selling since Q4FY25. Due to recent QIP, his stake is even more reduced.
Goldiam opens seventh ORIGEM store in Bengaluru..
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Straight from the mouth of CEO of USAâs largest jewellery retailer SignetâŚone of the largest customer of GoldiamâŚsome insight about LGD acceptance in USâŚSignet earnings beat the expectations.
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Like discussed, Naturals will catch the elite niche market, Labs will take away AD/CZ market.
Pricing wise I donât see any appreciation for LGDs.
You said Signet is one of the largest customers of Goldiam. Just wanted to understand how can we know their other customers? Is there a list or something or you read in the concall transcript?
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Yeah thatâs what I am trying to figure out, how did that investor/analyst (Bhavya Gandhi) know that Signet was one of Goldiamâs customers? Because the promoter certainly didnât want to take names.
We then find it out through these concall transcripts, but how would someone like Bhavya Gandhi have known it in the first place??
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Interesting! First they name their customers themselves and then later try avoid taking names when asked specifically.
Anyway itâs clear to me now that there is no other way to know who their customers are.
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What could be the possible reason that the company did not have a investor call in Q1 FY26? is it because they wanted to avoid further probing by analyst on USA tariff impact? or something else. Would appreciate guidance/answer if possible
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Tried finding this report from HSBCâŚplease post snipetts of the report if anybody has accessâŚ
Just to addâŚJewelbox already doing 50 Cr and target 150cr for FY 25
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thank you for the image. answers my query appreciate it
Goldiamâs strategy to tackle the US TariffsâŚ
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I was recently in Mumbai for a couple of days and had some time to spare, during which I went to the Borivali jewellery market. I visited both types of jewellers: those who sell natural diamonds and those who sell LGDs. I also visited the Origem store in Bandra.
(Before sharing my observations, Iâd like to point out that these are based on a single market, so they may not be representative of the broader trend across places.)
My key observations were as follows:-
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There is a significant price gap between natural and lab-grown diamonds, especially for solitaires of 1.5 carats and above with similar color and clarity grades (refer to the table below).
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Wedding jewellery buyers buying diamond-studded jewellery prefer natural diamonds. LGD jewellery usually is considered by non-wedding buyers â typically for fashion or party wear or daily wear etc.
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There is growing competition in the LGD retail segment. Apart from Origem, there are others like Limelight, Svaraa (from Kalamandir, Surat), Fiona (an already existing chain now pivoted toward LGDs), and Jewelbox.
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In terms of design appeal, I personally found Svaraa and Jewelbox to have impressive collections. Origem Borivali store had relatively modest designs. Origem Bandra store though had very good designs â better than what I saw across LGD retailers in Borivali.
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Sales pitches by salesmen at stores selling natural and LGD differ as follows:
⢠Natural diamond jewellers often de-sell LGDs using a mix of facts and made up stuff â for instance, calling them âfake since not made in earthâ, âbrittle will break in a few monthsâ or saying they âlose value quickly so are a bad investmentâ and âshine too much so easy to point out they are fakeâ
⢠LGD jewellers, to pitch LGD do things like â comparing with a test tube baby - âwill you call a test tube baby fake?â; using eco-friendly angle- calling natural diamonds âblood diamonds,â and obviously highlighting the huge price differential for the same color and clarity. -
Almost all LGD retailers offer a buyback guarantee of up to 80% of the invoice value or current diamond rate, whichever is higher.
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Hardly any retailer keeps both Natural and LGD, as it will confuse the customers and disrupt the sales proposition of both. This could be important for growth of new chains in LGD space.
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Below 0.5 carat, the price difference between natural and LGD diamonds is very small.
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Certain designs, such as wrist bracelets using multiple 1-carat+ stones, demonstrate the level of pricing difference: For example, a bracelet with eight 1-carat diamonds of good color and clarity could cost âš35 lakh+ in natural diamonds, but only âš3â3.5 lakh in LGDs â making such designs far more affordable and opening up this segment.
Below are the prices I got from the various retailers I visited (Note: though I did my best to double check these while asking for it, they still may not be fully accurate)
Disc: Invested with a small allocation
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Thanks for the feedback & scuttle buttle on LGDs and NDs.
How they buyback, with purchase invoice or can they identify their own model and design??
What about certification of LGDs or they issuing certificate along with the purchase, any extra cost for this or part the price chart shown above??
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So war is hotting up between natural and lgdâŚthese kind of ads will surely help to creat a whole new category of lgd jewelleryâŚ
Nice scuttlebut job Abhishk⌠more players will definitely helps to spread the marketâŚ
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Thank you!
I didnât specifically check the process, but from what I understand, especially in the case of LGDs, one can usually sell them back only to the same retail chain from which they were purchased. In addition to recognizing their own designs, I guess these jewellers likely mark the jewellery in some way for identification.â
The LGD prices above are without certification. When I asked for certification, most said they can arrange it and mentioned options like IGI, GII etc to choose from. At the first store I visited (Limelight), the salesperson said something along the lines of âaap final karo, woh dekh lenge,â which made me think that the certification cost is likely a small percentage of the total jewellery price. So, I didnât check for it at every store. Maybe I should have. Iâll ask for it if and when I visit more stores in future.
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