Announced Mon, 3 Aug · 15:01 IST
Begins new domestic jewellery manufacturing unit in Andheri, Mumbai
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+16.7%1-day move
₹238.00
prior close
—
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+16.7+14.7+15.5+16.0+21.4+23.9————
Up moveDown movePending
AI summary
Golkunda Diamonds has started a new manufacturing unit in Andheri East, Mumbai, entering India's domestic jewellery market after 40+ years of export-only operations. The project cost is about 12 Crore rupees. The 5,360 sq ft facility will produce 125-150 kg of jewellery per year, boosting total capacity by 50-60%. It will make diamond, gold, gemstone, jadau and lab-grown diamond jewellery for leading retail chains.
Likely market impact
Entry into domestic market diversifies revenue beyond exports. 50-60% capacity boost and new stream from India's growing jewellery market support future growth.