Suashish Diamonds Ltd Stock Analysis

Suashish Diamonds company was incorporated in 1988.Established over 4 decades ago, it is one of the India’s leading diamond and jewellwry manufactures and exporters. It is the sight holder of DTC International and DTC Botswana, and is listed at BSE.

Suashish is a fascinating world of natural diamonds and diamond studded jewellery. A world where traditional skills of sourcing, cutting and polishing diamonds come together with the most advanced manufacturing processes and systems, including the world’s largest conglomeration of laser cutting machines under one roof.

Suashish is a Sightholder of DTC International as well as of DTC Botswana and is vertically integrated from manufacturing of diamonds, jewellery to having its own retail distribution. The Group has been in the diamond business for over 5 decades and manufactures and stocks a complete range of Round White diamonds from 0.005 pts up to 2cts in all qualities. 

Product range of the company includes:

• Prepared Rough It is the area of core competency of Suashish. The group offers a ranfe of rough diamonds carefully assorted keeping in mind the characterstics of the rough, the manufacturing process and the resultant end polish. The group also sells Makeable Kaps i.e. rough made to optimum shape ready for polishing.
• Diamond manufacturing • Specialize in diamonds from 0.005 points upto 2 carats- round and Marquise.• 30+ polishing factories spread across western parts of India, employing over 10000 people.• World’s largest conglomeration of 60 laser machines processing over 3 million cts. Rough p.a.
• Jewellery manufacturing Flagship manufacturing company spred across 100000 sq. ft. at Borivali, Mumbai. It has the capacity to manufacture over 1.5 million pieces, employing over 800 workers. It direct vendors to major retailers in US, UK and Canada. It make an extensive use of CAD/CAM technology. It has design studios in India and China creating over 500 designs every month. It makes sure that the jewellery manufactured is of assured quality.

Milestones:

• 1960: Late Shri S Goenka started the diamond business.
• 1972: Goenka Trading Company, the predecessor of Suashish Diamonda Limited was established
• 1986: The company attained DTC sightholder status.
• 1988: Suashish Diamond was incorporated
• 1994: Opened 1st overseas office in Hong Kong by incorporating Suashish Diamonds(HK) to expand business to far east.Government of India awarded Suashish the status of Star Trading House based on export performance.
• 1999: commenced jewellery business
• 2003: Ishi’s brand launched with opening of retail shops in India and UAE
• 2005: Distribution network expanded to China.Ishi’s won 3 Retail Jewellers Awards, best diamond jewellery design, excellence in jewellery retailing, and best brand promotion of the year.
• 2007: Started state-of-art diamond manufacturing plant at Botswana Ranked 25th by Business World & 36th by The Economic Times out of top 500 companies of India. Ranked 27th among the top 100 wealth creators in India.
• 2008: Established new state-of-art jewellery manufacturing factory in SEEPZ at Andheri, Mumbai.
• 2012- Scheme of Amalgamation of the Company's Wholly-owned subsidiary Suashish Jewelry India Ltd. with the Company (Suashish Diamonds Ltd.)