- Business
- Sky Gold and Diamonds Limited (SKYGOLD.NS) designs, manufactures, assembles, cuts, polishes, markets, and sells gold and silver jewelry primarily through a B2B model to mid-range jewelers, boutique stores, online platforms, and retail outlets in India and globally. The company, founded in 2008 and headquartered in Mumbai, India, specializes in 22-karat gold jewelry across 14 product categories including rings, chains, mangalsutras, bracelets, pendants, necklaces, earrings, bangles, and customized pieces often studded with American diamonds or colored stones; it maintains an in-house design team of around 80 members generating 2,000-2,500 new designs monthly from a catalog of approximately 300,000 SKUs with an average ticket size of Rs 50,000 in its fast-moving segment. Sky Gold exports to markets across Asia, the Middle East, Europe, the GCC, the UK, the US, Singapore, Malaysia, and Australia. Recent developments include the June 2024 acquisitions of Starmangalsutra Private Limited and Sparkling Chains Private Limited for Rs 50 crore combined to expand into chains and mangalsutra segments with targeted turnover synergies of Rs 600-700 crore in FY25; the acquisition of Ganna N Gold for Rs 225 crore via share swap to enhance bangles production and job work capabilities; onboarding of major clients such as CaratLane (Titan subsidiary), P.N. Gadgil Jewellers, and Aditya Birla Jewellery's Indriya brand; diversification into 18-karat gold, natural diamonds, lab-grown diamonds, and 9kt jewelry lines including a collaboration with SENCO Gold; incorporation of a wholly owned subsidiary in Dubai in June 2025 for export revenue growth with Rs 12 lakh investment; capital infusions into subsidiaries; and participation in events like IIJS Signature 2025 to showcase new collections amid strong wedding jewelry demand and organized retail expansion.