Mini Diamonds Secures ₹142.5 Million Domestic Order in Mumbai

MUMBAI, India — Mini Diamonds (India) Limited (MDIL) announced on Friday, August 14, 2026, that it has secured a domestic order worth ₹142.5 million (INR 14.25 crore) for the supply of cut and polished lab-grown diamonds. The contract was awarded by Saharsh Exports, a Mumbai-based entity and an existing client of the company.

The development, disclosed in a regulatory filing under Regulation 30 of the SEBI Listing Regulations, underscores rising commercial demand for lab-grown diamond products within the Indian gem and jewellery sector.

Contract Details and Execution Timeline

According to the official regulatory disclosure submitted to BSE Limited, the order requires Mini Diamonds (India) Limited to fulfill the supply of cut and polished lab-grown stones within a four-month timeframe from the order receipt date.

The filing outlines specific commercial terms governing the agreement. Payment for the delivered goods will be executed on or before 180 days from the completion of the supply timeline.

MDIL confirmed that neither the promoter nor promoter group entities hold any financial interest in Saharsh Exports, and the transaction does not fall under related party regulations.

Market Positioning and Industry Adoption

The repeat order reflects broader adoption patterns across the domestic diamond supply chain. Lab-grown diamonds continue to gain traction among jewellers and consumers, supported by competitive pricing structures that allow for greater design flexibility and larger stone offerings.

Mini Diamonds (India) Limited operates a dedicated manufacturing facility in Mumbai equipped with diamond processing technologies, including Sarin systems, auto bruiting machinery, and semi-automatic polishing mills. The facility integrates rough diamond processing with finished jewellery manufacturing across business-to-business (B2B) and business-to-consumer (B2C) sales channels.

Official Sources Section

According to official filings submitted to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Mini Diamonds (India) Limited formally confirmed the order receipt on August 14, 2026. The company operates under Scrip Code 523373. Additional details comply with SEBI Master Circular guidelines.

Quote Section

In an official statement included in the company's regulatory filing:

"This repeat order is encouraging as it reflects both the strength of our existing customer relationships and the continued growth in acceptance of lab-grown diamonds within the domestic market," said Upendra Narottamdas Shah, Chairman and Managing Director of Mini Diamonds (India) Limited. "We believe the expanding market for lab-grown diamonds, together with our growing domestic presence, provides a strong platform for further scaling our business."

Why It Matters

The ₹142.5 million order highlights the ongoing shift toward lab-grown diamonds within domestic trade channels. For retail jewellers and consumers, expanded supply chain capacity in lab-grown products provides broader access to cost-effective gemstone options. For market investors, repeat contracts from established domestic clients demonstrate operational continuity and revenue visibility for listed mid-cap diamond processors.

Key Facts at a Glance

• Order Value: Mini Diamonds (India) Ltd secured a domestic order worth ₹142.5 million (INR 14.25 crore).

• Client & Product: Awarded by Mumbai-based Saharsh Exports for cut and polished lab-grown diamonds.

• Timeline: Contract execution is scheduled for completion within four months.

• Governance: The agreement is a non-related party transaction completed at arm's length.

Frequently Asked Questions (FAQ)

What is the total value of the order received by Mini Diamonds (India) Ltd?

The total contract value is ₹142.5 million (INR 14.25 crore) for cut and polished lab-grown diamonds.

Who awarded the order to Mini Diamonds (India) Limited?

The domestic order was awarded by Saharsh Exports, an existing client based in Mumbai.

What is the execution timeline for the contract?

The company is required to complete the supply of diamonds within four months from the order date.

Where is Mini Diamonds (India) Limited listed?

Mini Diamonds (India) Limited is a public limited company listed on BSE Limited under scrip code 523373.

Source: Official regulatory disclosure by Mini Diamonds (India) Limited to BSE Limited under SEBI (LODR) Regulations, and market filings verified via the Securities and Exchange Board of India.