In August, FIIs raised their stake in Goldiam from 0.87% to 5.36% after a ₹202 crore QIP, attracting investors like Morgan Stanley Asia. The funds will expand ORIGEM, its lab-grown diamond retail brand, with 70–90 stores in 18–24 months. Goldiam’s exports grow steadily, margins exceed 20%, and it has given ₹200 crore in dividends/buybacks.