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c Vaibhav Gems Limited (VGL) incorporated in Jaipur in 1989.VGL was engaged in the exports
of gemstones on a nominal scale upto 1994. In 2003-04, it established a new state-of-the-art
jewelry-manufacturing unit at Sitapura and also installed a micro-weight gold chain
manufacturing plant probably the one outside USA.
c In 2004-05, VGL ventured into international retail market by setting up its wholly owned
subsidiary Jewel Gem Inc. USA. The company set up retail chain stores at major tourists
destinations like Alaska and Caribbean under the brand name ³GenoA Jewelers´.
c In 2005-06, the Company became an Indian MNC. During the year VGL completed US$ 70
Million GDR issue successfully. Warburg, one the leading private Equity Investor of the world
has also acquired more than 27% Equity Stake in the company..
c CNBC, Country¶s most reputed business news channel, has awarded 'Emerging India Award
2006' to the company in Gem and Jewellery category.
c VGL has been Short listed for the 3rd time in Succession for adopting good corporate
governance practices, for the ICSI National Corporate Governance Award.
c VGL has again received highest Export Award (Coloured Gemstone Category) for the 16th
time, 13th time in succession.

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c Our business is built on three values: †
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c Our history in the industry spans over 100 years. The business has been passed down
through four generations.

c 3nnovation is embedded in our history. We were the first diamond company to introduce
laser processing technology to 3ndia back in 1987. Today we continue to seek improvement
and are currently trailing pioneering technology that will automate the polishing process.

3nnovation applies equally to our product development. We have created a number of new
and unusual polished diamond cuts through our business unit ¶Trapz·, several of which are
 patented. We have received numerous industry design awards over the years, and
introduced exciting new concepts to consumers, such as multi-functional and
interchangeable designs. 

We create products that consumers value for their inspirational design and uncompromising quality.
We are committed to improving processes, continuously investing in the best technology and
developing an expert workforce. This means we can manufacture the highest quality polished
diamond and jewellery products whilst creating costs advantages.

We employ talented and seasoned product design teams in each of our main consumer markets.
These teams use their deep understanding of local consumer needs and analysis developing trends
to create fresh, creative designs.

Diamond jewellery holds a special place in the hearts and minds of consumers. 3t is often purchased
to celebrate a precious relationship, or mark an important occasion. We recognise that connecting
with these emotional needs and motivations through effective marketing is just as important as
creating great products.

We run high-impact branding programmes to support a large and growing proportion of our
products. We have 14 distinct brands, each focused on meeting the needs of a target consumer
segment.

3n 2003, we added retailing operations to the Group. This completed our pipeline integration, giving
us a direct route to take diamonds right through to the consumer.
We have concentrated our retail operations on the emerging markets of 3ndia and China where
there is substantial growth opportunity. We use our experience and understanding of these markets
to create the most sparkling purchasing experience possible to excite local consumers.

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c Goldiam International Limited, is located in Mumbai, in India's premier jewelry Manufacturing
zone- SEEPZ., specially created by the Government of India to encourage Indian
industrialists to set up world class jewelry manufacturing facilities for 100% Export.

c Goldiam International Limited was set up by the entrepreneurial initiatives of its Managing
Director, Mr. Rashesh Bhansali. Goldiam is one of the largest exporters of INVISIBLE SET
jewelry.

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c Goldiam's product line consists of 7000 designs, in RINGS, EAR RINGS, PENDANTS,
BRACELETS, BANGLES and NECKLACES. Goldiam manufacture the above in gold as well
as in platinum. The continuous commitment of management along with 450 skilled workers
has enabled them to approach the new millennium with a positive and aggressive attitude.

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