Mini Diamonds Secures ₹14 Crore Domestic Order for Lab-Grown Diamonds

Major Domestic Order Boosts Mini Diamonds’ Growth

Mini Diamonds (India) Ltd. (MDIL) has announced the receipt of a ₹14.00 crore order for lab-grown polished diamonds from Aura Diamond, a Mumbai-based client. This milestone underscores the rising demand for sustainable, high-quality diamonds in the domestic market and reinforces MDIL’s leadership in the lab-grown segment.

Key Highlights

• Order Value: ₹14.00 crore for lab-grown polished diamonds.
• Client: Aura Diamond, based in Mumbai.
• Execution Timeline: Order to be completed within four months; payment due within 150 days of completion.
• Strategic Impact: Strengthens MDIL’s domestic presence and supports repeat business opportunities.
• Management’s View: Chairman & MD Upendra N. Shah emphasized growing customer confidence in MDIL’s quality standards, transparent specifications, and competitive pricing.
• Industry Position: Reflects increasing acceptance of lab-grown diamonds as a sustainable alternative in India’s jewellery market.

Outlook
This order is expected to deepen MDIL’s customer relationships, enhance its domestic footprint, and contribute to long-term growth in the lab-grown diamond industry.

Sources: Company filing to BSE, Mini Diamonds (India) Ltd.