Goldiam International raises INR 202 Cr to fuel ORIGEM’s lab-grown diamond retail expansion in India

Goldiam International has raised Rs 202 crore ($24.3M) via a QIP led by Monarch Networth Capital, with Morgan Stanley among the investors, to scale its lab-grown diamond brand ORIGEM. The company plans to launch 70–90 stores across India within 18–24 months. The deal underscores the growing institutional interest in India’s LGD sector, which has recently seen funding for Aukera, Solitario, Firefly, Coluxe, Jewelbox, and True Diamond.