We are extremely happy with what we have achieved in Q2. It was one of the toughest quarters as the USA, our primary market, introduced hefty tariffs across goods, including jewellery. We came up with a globally accepted solution with a US Customs Ruling, to propel business continuation. This brought disruptions in our B2B business for about 30 days. Despite this, Goldiam posted over 40% growth in revenue as well as profits, thanks to strong buyers demand, and Goldiam’s successful sustained efforts in improving the wallet share amongst its customers. With a strong order book of $2000 million, we are geared to cater to the festive demands in the US during Q3.

With 11 operational stores, ORIGEM has established itself as a multi-city lab grown jewellery brand, present at marque locations representing a unique blend of malls and high streets, catering to micro markets with high propensity for discretionary spending. All the new stores have received enthusiastic response from customers, especially during the festive month of October. By next year, with significant number of ORIGEM stores, Goldiam will benefit from the festive seasons in India as well as the USA. We have identified 15-18 new locations for ORIGEM stores in South and North India, and hope to have 20-25 plus operational stores by March 2026.