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Damani stock jumps 16% after launching website for its domestic retail lab-grown diamonds

Jewellery manufacturer launched a website for lab-grown diamonds, featuring sustainable luxury solutions, an extensive collection, user-friendly shopping, and resources on eco-friendly practices, aligning with growing demand for sustainable luxury.
Damani stock surges 16% after launching a website for domestic retail of lab-grown diamonds.
Damani stock surges 16% after launching a website for domestic retail of lab-grown diamonds.

Introduction:

Leading jewellery manufacturer has launched a dedicated website for its lab-grown diamond collection, showcasing sustainable luxury. The platform features an extensive range of eco-friendly diamonds, a seamless shopping experience, and resources highlighting the benefits of sustainability in luxury.

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Share price movement of Goldiam International:

On January 7, 2025, Goldiam International Ltd opened at ₹423.60, up 1.85% from its previous close of ₹415.90. The stock reached a high of ₹499.00 (19.91%) and a low of ₹417.40. By 3:18 PM, it traded at ₹492.10, an 18.32% increase, with a market capitalization of ₹5,255.39 crore.

Goldiam Launches ORIGEM Diamond Website:

Goldiam International Limited has launched a dedicated website, www.origemindia.com, for its domestic retail lab-grown diamond brand, ORIGEM. This platform showcases sustainable, eco-friendly diamond solutions, marking a significant step in redefining luxury with sustainability at its core.

The website features an extensive collection of lab-grown diamonds, a user-friendly interface for seamless shopping, and resources highlighting the sustainability benefits of lab-grown diamonds. It also serves as a gateway for customer engagement, enhancing accessibility and interaction with the brand.

This launch aligns with Goldiam’s strategic objective of expanding its digital presence and meeting the growing demand for eco-conscious diamond solutions in the domestic market. The initiative underscores the company’s commitment to innovation and sustainable luxury.

Recent news on Goldiam International:

As of December 13, 2024, Goldiam International Ltd. opened its second retail store under the brand name ‘ORIGEM’ in Kharghar, Navi Mumbai, following the launch of its first store in Borivali West earlier in October.

Ace investor holding in Goldiam International:

Ramesh Damani

Ramesh Damani holds a 1.58% stake in Goldiam International Ltd., owning 1,682,898 shares valued at ₹83.1 crore. His investment reflects confidence in the company’s performance and potential for growth in the jewellery industry.

Stock performance of Goldiam International for Period of 1 week, 6 months and 1 year:

Goldiam International Ltd. has demonstrated remarkable growth, delivering a 7.78% return over the past week, 126% over six months, and an impressive 128% over the last year, reflecting strong investor confidence and robust business performance.

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Shareholding pattern of Goldiam International:

All values in %Dec 2024Sep 2024Jun 2024
Promoter62.40%63.30%64.30%
FII0.70%0.60%0.20%
DII0.40%0%0%
Public37%36.10%35.60%
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About Goldiam International:

Goldiam International Ltd. (NSE: GOLDIAM) specializes in manufacturing and exporting diamond-studded gold and silver jewellery. Established in 1986, it operates a state-of-the-art facility, offering rings, pendants, earrings, and bracelets for global markets.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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