Goenka Diamond & Jewels Ltd: A Glimpse into the Luxury Gemstone Market

Goenka Diamond and Jewels Limited, a prominent player in the luxury goods sector, is an India-based company specializing in the trading and manufacturing of diamond and gold jewelry. The company operates through two primary segments: Diamond and Gem, and Retail Jewellery. It is deeply involved in the cutting and polishing of diamonds, color stones, and both precious and semi-precious stones. Goenka Diamond & Jewels supplies polished diamonds primarily to wholesalers, jewelry manufacturers, traders, and retailers across India, Hong Kong, Southeast Asia, and the United States.

The company boasts a diamond processing unit located in the Special Economic Zone (SEZ) in Surat, dedicated to the processing of rough diamonds. Additionally, it operates a facility in Mumbai, which caters to the local market and supports jewelry-making operations. This strategic placement of facilities underscores the company’s commitment to meeting both domestic and international demand efficiently.

Goenka Diamond & Jewels Limited is listed on the National Stock Exchange of India and operates within the Consumer Discretionary sector, specifically under the Textiles, Apparel & Luxury Goods industry. As of June 5, 2025, the company’s close price stood at INR 0.9. Over the past year, the stock has experienced significant volatility, reaching a 52-week high of INR 1.48 on September 26, 2024, and a 52-week low of INR 0.76 on May 6, 2025.

The company’s global reach is further extended through its subsidiaries, which include M.B. Diamonds LLC, Goenka Diamond & Jewels DMCC, and Solitaire Diamond Exports. These subsidiaries play a crucial role in enhancing the company’s footprint in the international market, particularly in regions with high demand for luxury jewelry.

In summary, Goenka Diamond & Jewels Limited continues to be a key player in the luxury goods market, leveraging its expertise in diamond processing and jewelry manufacturing to cater to a diverse and global clientele. Despite recent stock price fluctuations, the company remains focused on its strategic operations and expansion in both domestic and international markets.