Goldiam International has informed that the Eco-Friendly Diamonds LLP subsidiary of the Company is enhancing lab-grown diamonds capacity by 40% by adding new machineries worth of approximately Rs 10 crores. Further commercial production of the enhanced capacity will commence from the month of April 2022. The same is exciting as the company has increasingly utilized diamonds grown by this unit in its own jewelry production and successfully started placing the same with its customers, resulting in superior overall EBITDA margins for that segment.
The above information is a part of company’s filings submitted to BSE.
