Goenka Diamond & Jewels Ltd Company Summary

Goenka Diamond & Jewels Limited was incorporated as a Private Limited Company on November 5, 1990 with the name Goenka Exports Private Limited. On January 30, 2002, the Company became a Public Limited Company and the name was changed to Goenka Exports Limited. On March 21, 2008, the name was again changed to Goenka Diamond and Jewels Private Limited.

On April 15, 2008, it was converted into a Public Limited Company and the name was changed to Goenka Diamond and Jewels Limited .The Company is in the business of cutting and polishing of diamonds and manufacturing and retailing of diamond jewellery. The company was initially in the business of export of coloured stones and has since then expanded into diamond trade in 1994 and manufacturing of diamond studded jewellery in 2003. The business is broadly divided into diamond processing business and jewellery business.

Their diamond processing business consists of trading, cutting and polishing of diamonds and jewellery business of manufacturing and retail of jewellery. They have two sub-brands Ceres which deals in high-end jewellery and G-Wild targeting the youthThe companys product profile includes rings, earrings, pendants, bracelets, necklaces, etc. which is manufactured using polished diamonds, precious and other semi precious stones which are set in gold.The companys manufacturing facility admeasuring 25,000 square feet in Special Economic Zone at Sachin, Surat.

This facility has 26 polishing machines, 2 sarin machines, 6 auto brutters and 1 laser machine. The installed capacity of the unit is 60,000 carats per annum. The companys diamond processing facility in Mumbai processes diamonds for domestic sales besides providing polished diamonds for the jewellery making.

The 2,000 square feet facility has 40 polishing machines, 2 sarin machines, 3 auto brutters and 1 laser machine and primarily processes larger sized stones.In the year 2006, the company started a state of art factory for cutting and processing diamonds started in a Special Economic Zone unit at Sachin, Surat. In the year 2007, they set up another facility for processing of rough diamonds in Mumbai for catering the local market and for their jewellery making operations. They also commenced jewellery manufacturing and diamond cutting.

The company was awarded Two Star Export House accreditation by the Ministry of CommerceIn the year 2008, the company acquired M B Diamonds LLC, which is engaged in the business of treatment of diamonds, precious and semi-precious stones, manufacture of jewellery, trading, retailing, exporting and importing of the aforesaid precious stones and metals. They received ISO 9001:2000 certification. They launched G-Wild and Ceres jewellery brands.

Also, they set up exclusive G-Wild retail stores during the year.In April 2009, they set up their first exclusive Ceres retail store in Mumbai. Currently, the company has their presence in retail through 3 company operated G-Wild stores, 1 store under franchisee and 1 shop-in-shop for G-Wild. The Company in 2011, launched two Jewellery brands viz.

CERES and G WILD as luxury products.