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Mini Diamonds secures Rs 17.17 crore export order for lab-grown diamonds from Singapore
By Aditya Bhagchandani Published on July 15, 2025, 13:58 IST
Mini Diamonds (India) Ltd (BSE: 523373) announced on July 15 that it has received an export order worth USD 2 million (approx. ₹17.17 crore) for supplying lab-grown polished diamonds to Dia-Globe Singapore PTE Ltd.
According to the company's exchange filing, the export order is to be executed within 60 days, with payment expected within 150 days of order completion. This development aligns with Mini Diamonds' strategy to expand its international business portfolio and strengthen its presence in global markets.
Commenting on the milestone, Shri Upendra N. Shah, Chairman & Managing Director, said:
'We are encouraged by the sustained traction and growing acceptance of lab-grown diamonds in global markets. This order reflects the trust our clients place in us and aligns with our objective of scaling exports while diversifying our customer base.'
The company highlighted that growing global demand for lab-grown diamonds is creating significant opportunities for Indian manufacturers. Mini Diamonds expects this order to contribute meaningfully to its sales growth in the coming quarters.
As per disclosures, there is no related-party transaction involved in this order, and the promoter group has no interest in the client awarding the contract.
About Mini Diamonds
Established in 1987, Mini Diamonds is engaged in manufacturing, processing, and exporting cut and polished diamonds and diamond jewellery. It operates a state-of-the-art facility in Mumbai, equipped with modern technologies for diamond cutting, polishing, and jewellery making. The company focuses on delivering high-quality, cost-effective lab-grown diamonds to both Indian and international markets.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
