Sky Gold & Diamonds, a leading Indian jewelry producer and exporter, has successfully acquired 100% equity shares of Purvi Gems & Jewellery (India) Private Limited. This strategic integration, finalized on October 7, 2026, positions Sky Gold to leverage Purvi Gems' expertise in lightweight and studded jewelry, driving accelerated growth, fostering product diversification, and strengthening its footprint in both domestic and international markets. The acquisition underscores Sky Gold's commitment to strategic expansion and enhancing its competitive edge within the dynamic jewelry industry.

The transaction for Purvi Gems was finalized with a cash consideration of ₹9 crores, representing a valuation 1.5 times its book value as of March 31, 2026. This acquisition is a testament to Sky Gold's disciplined approach to capital allocation and inorganic growth, as there are no related-party interests from Sky Gold's promoters or promoter group in Purvi Gems. To ensure seamless transition and continued success, Purvi Gems' current management team will remain in place, overseeing operations and facilitating the integration process. This continuity is vital for maintaining the established market position and operational efficiency of Purvi Gems, particularly its stronghold in specialized jewelry segments.

Purvi Gems has carved out a significant niche in high-demand jewelry segments, especially in South India and the export market. This acquisition is anticipated to bolster Sky Gold's export capabilities while simultaneously strengthening its capacity to meet evolving customer demands in the lucrative studded jewelry sector. The strategic benefits of this acquisition are manifold: it grants immediate entry into the rapidly expanding lightweight, uncut, and precious jewelry market, thereby broadening Sky Gold’s addressable market. Furthermore, it increases exposure to the higher-margin studded jewelry category, which is projected to improve the company’s product mix and overall profitability. The integration is also expected to yield approximately 100 kg of monthly sales, significantly enhancing operational scale and flexibility. Additionally, the acquisition unlocks cross-selling opportunities by enabling Sky Gold to leverage Purvi Gems' product portfolio across its extensive customer network, and it enhances export potential with specialized products in high demand in international markets, particularly the Middle East.

Mangesh Chauhan, the Managing Director of Sky Gold & Diamonds Ltd., emphasized the significance of strategic acquisitions in the company's growth trajectory and value creation. He highlighted that their methodical approach to identifying and integrating businesses has consistently led to expanded capabilities, diversified product offerings, improved operational efficiencies, and increased profitability. Chauhan noted that past acquisitions have played a crucial role in enhancing their scale and growth, creating long-term value for stakeholders. He expressed confidence that the acquisition of Purvi Gems, with its complementary capabilities in lightweight, uncut, and studded jewelry, an established customer base, and a skilled team, will further strengthen Sky Gold's growth platform and support sustainable long-term value creation, building on a proven track record of successful integrations and synergy realization.

Jigar Mehta, Director of Purvi Gems & Jewellery (India) Pvt. Ltd., echoed these sentiments, expressing his belief that Sky Gold’s extensive manufacturing capabilities, broad customer network, and demonstrated success in integrating and expanding acquired businesses provide an optimal foundation for Purvi Gems' next phase of development. For over fifteen years, Purvi Gems has cultivated a robust reputation in lightweight, uncut, and precious jewelry, underpinned by an unwavering commitment to quality, exquisite craftsmanship, and strong customer relationships. This partnership is poised to harness Sky Gold’s scale to further elevate Purvi Gems' market presence and operational impact.