Latest news with #MiniDiamonds
Business Standard
2 days ago
- Business
- Business Standard
Mini Diamonds India hits the roof on securing $2 million export order
Mini Diamonds India hit an upper circuit of 5% at Rs 182.75 after the received a significant export order valued at $2 million (around Rs 17.17 crore) for the supply of lab-grown polished diamonds to a prominent overseas client based in Singapore. In a regulatory filing, the company stated that it has received a substantial order from a global buyer, marking a key milestone in MDILs growing international business portfolio. The order reflects increasing global demand for lab-grown diamonds, particularly in major export markets, and highlights Indias rising prominence as a manufacturing hub in the segment. The company said this order not only validates its capability to fulfill large-scale international requirements but is also expected to contribute meaningfully to its revenue growth in the lab-grown diamond segment over the upcoming quarters. Upendra N. Shah, chairman and managing director of Mini Diamonds (India), said, We are encouraged by the sustained traction and growing acceptance of lab-grown diamonds in global markets. This order from Singapore is a positive reflection of the trust our international clients place in the quality and reliability of our products. It aligns with our broader objective of scaling up our exports while systematically diversifying our customer base across geographies. We remain committed to enhancing our production capabilities, adhering to global certification standards, and building long-term relationships with key partners across the globe. Mini Diamonds (India) Limited (MDIL) was established in the year 1987 with a clear intention to cater diamond import and export business, with its clear track records. Today Mini Diamonds is an internationally well-known company for its cut and polished diamonds and jewellery manufacturing. The company reported a standalone net loss of Rs 2.70 crore in Q4 FY25 as against a net profit of Rs 1.34 crore in Q4 FY24. However, revenue from operations jumped 14.3% YoY to Rs 96.79 crore in Q4 FY25.
Business Upturn
2 days ago
- Business
- Business Upturn
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. Ahmedabad Plane Crash 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.
