Golkunda Diamonds & Jewellery Launches New Domestic Manufacturing Facility in Mumbai
Golkunda Diamonds & Jewellery Limited, a manufacturer and exporter of fine jewellery, announced the commencement of domestic manufacturing operations at its new facility in Mumbai on August 3, 2026. The addition of this state-of-the-art unit marks a significant step in expanding the company's presence within the Indian market.The new facility is located at 9B, Mahal Industrial Estate, Leader House, Mahakali Caves Road, Andheri East, Mumbai -400093. This move allows Golkunda to cater directly to leading retail chains and organized jewellery retailers across major Indian cities.
Facility Overview and Capacity Boost
The new manufacturing facility occupies 5,360 sq. ft. and was developed with a total project cost of ₹ 12.00 crore. It is designed to produce comprehensive ranges of fine jewellery, including diamond, gold, gemstone, jadau, and lab-grown diamond pieces such as rings, earrings, pendants, necklaces, bangles, and bracelets.The new unit has an installed manufacturing capacity of approximately ~125 - 150 kg per annum. Upon commencement, this facility is expected to increase Golkunda's overall manufacturing capacity by approximately 50% to 60%.
Key details of the new operation are summarized below:
| Metric | Details |
|---|---|
| Total Project Cost | ₹ 12.00 crore |
| Facility Area | 5,360 sq. ft. |
| Installed Capacity (New Unit) | ~125 - 150 kg per annum |
| Operational Uplift | Approximately 50% - 60% |
Leveraging Global Standards for Domestic Market
Golkunda Diamonds & Jewellery Limited has over 40 years of experience in manufacturing and exporting fine jewellery. The company previously operated two export-oriented manufacturing units at SEEPZ, Mumbai, serving European and Gulf markets for the last three decades.The addition of this domestic facility aligns with the company's long-term growth strategy as it looks to deepen its penetration into the business-to-consumer (B2C) retail sector.
Kantikumar Dadha, Chairman & Whole-time Director of Golkunda Diamonds & Jewellery Ltd., commented on the development, stating that "Our new Mumbai facility allows us to bring the full breadth of our craftsmanship—across diamond, gold, gemstone, jadau and labgrown jewellery—to organized retailers here at home."
He added that while the standards set by leading retail chains across Europe and the Middle East guided the company's business for over forty years, "The Indian consumer today expects that same quality and consistency. We also see a clear opportunity to move closer to the end consumer over time, and we intend to pursue the right partnerships and alliances to get there."
Stock Price Movement
At 15:28, shares of Golkunda Diamonds & Jewellery Ltd. are edging higher, trading at ₹280.00 and gaining +18.04%. The stock experienced considerable intraday movement, ranging from a low of ₹240.45 to reach an intraday high of ₹280.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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