Mini Diamonds Bags USD 2 Million Export Order from Singapore-Based Gogreen Diamonds

Mini Diamonds (India) Limited has announced a fresh export order from international client Gogreen Diamonds Singapore Pte. Ltd. for the supply of lab-grown cut and polished diamonds worth USD 2 million, translating to roughly INR 17.8 crore. The order falls under standard, arm’s-length commercial terms and is part of the company’s regular course of business.

As per the disclosed terms, the export of diamonds must be completed within 150 days from the date of order completion, while shipment is to be executed within two months from the order date. Payment is scheduled to be made on or before 150 days from the date of order completion, providing clear visibility on cash flows. The transaction does not qualify as a related-party deal, and promoters have no interest in the awarding entity, reinforcing governance comfort.

Key Highlights:

Customer: Gogreen Diamonds Singapore Pte. Ltd., an international entity.

Product: Lab-grown cut and polished diamonds.

Order value: USD 2 million (approx. INR 17.8 crore).

Execution period: Export to be completed within 150 days from order completion.

Shipment timeline: Within two months from date of order.

Payment: On or before 150 days from order completion.

Not a related-party transaction; awarded at arm’s-length terms.

Sources: Mini Diamonds (India) Limited exchange filing and annexure on BSE website