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In Less Than Six Months, The Diamond Manufacturer Gautam Gems Doubled Investors’ Money

Multibagger stock: Gautam Gems is a manufacturer, importer, and exporter of raw and polished diamonds with its headquarters in Surat. According to BSE records, the promoter and promoter group own 21.41% of the company, while the general public owns 78.59%.

The stock opened at Rs 20.55 and jumped 5 per cent to quote Rs 21.15. Trading in the counter was halted immediately. The small-cap SME stock has yielded a multibagger return to its investors. Gautam Gems is a Surat-based importer and manufacturer of rough and polished diamonds.

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On Thursday, Gautam Gems’ shares were held at a 5% upper circuit. The stock increased 5% to trade at Rs 21.15 after opening at Rs 20.55. The counter’s trading was instantly stopped.

The counter has reached the top circuit five times in a row. The multi-bagger return from the small-cap SME stock has increased the wealth of its owners. The stock has generated a staggering return of 153% during the last six months.

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Diamond Manufacturer Gautam Gems Doubled Investors Money

The company notified the BSE earlier on Wednesday that it had partially paid the sum of its share as the right issue of Rs 49 crore. The sum will go toward renewable energy sources. The business previously disclosed that the board is considering approving a request to enter the renewable energy industry.

Gautam Gems is a manufacturer, exporter, and importer of raw and polished diamonds situated in Surat. According to BSE records, the promoter and promoter group own 21.41% of the company, while the general public owns 78.59%.

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FAQs

The registered and corporate office for Gautam Gems is located in Surat, which is the diamond hub of India.

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Billionaire Laurence Graff paid a record-breaking $46.1 million for a magnificent vivid pink diamond weighing 24.78 carats. Originally owned by his competitor Harry Winston, it now carries graff’s name and is a part of the legendary collection of rare diamonds.

We usually advise brilliant round diamonds with a cut grade of very good, ideal, or super ideal for engagement rings (also known as hearts and arrows). A high cut grade maximises a diamond’s beauty for a given carat weight.

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It’s crucial to have a concept of what you might prefer before starting your search because it will enable you to focus on fewer of the many engagement ring possibilities that are now available. Also, when you initially start browsing, it helps to have a few distinct design concepts and the overall budget because the variety can be overwhelming.

Here are Engagement Ring Trends 2023:

1. Modern Art-Deco
2. Colored Stones
3. Lab-Grown Diamonds
4. East-West Settings
5. Multiple Large Stones

The traditional round diamond form, which is the most common, may come to mind when you think of diamonds. But if you want something different, a tonne of alternative forms may be found to suit your unique taste and style. Each diamond shape has its own fire and brilliance because they are cut to different standards, altering how they reflect light.

The most popular kinds of diamonds are listed below:

1. Round Brilliant Cut Diamonds
2. Princess-Cut Diamonds
3. Marquise-Cut Diamonds
4. Cushion-Cut Diamonds
5. Emerald-Cut Diamonds
6. Radiant-Cut Diamonds
7. Pear-Shaped Diamonds
8. Oval Diamonds
9. Asscher-Cut Diamonds