Goldiam receives orders worth $2 million during Black Friday week
Goldiam International Ltd, a manufacturer and supplier of natural and lab-grown diamond jewellery witnessed orders worth $2 million (Rs 16 crore) during Black Friday week via e-commerce platforms with a year-on-year growth of 30 percent.
Majority of the orders were from the US-based e-commerce platforms. Of the total orders received, lab-grown jewellery accounted for 40 percent of the total value.
Commenting on the orders, Rashesh Bhansali, executive chairman of Goldiam International in a statement said, “The story of the U.S. retail sector has been one of incredible resilience over the past few years. Receipt of orders worth $2 million over the black Friday week is quite encouraging. Additionally, e-commerce sales have a negative working capital requirement which makes these sales more remunerative.”
“Lab-grown diamond jewellery has been witnessing strong traction and has been growing consistently. We expect this momentum to continue during Christmas, and the company is well positioned to deliver the orders accordingly,” Bhansali added.
The Mumbai-based Goldiam manufactures and supplies luxury diamond jewellery to leading branded retailers in the United States and Europe.
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