Mini Diamonds Secures INR 14.25 Crore Domestic Order for Lab Grown Diamonds
Mini Diamonds (India) Ltd has secured a significant repeat order valued at INR 14.25 Crores, representing the supply of cut and polished lab grown diamonds from an existing domestic client on August 14, 2026. This contract highlights the increasing demand and market acceptance of lab-grown diamond products within the Indian jewelry ecosystem.The order, which is entirely domestic, underscores the strengthening of Mini Diamonds’ relationship with its local clientele. The company views this business update as validation of their commitment to consistent product quality and dependable execution in response to evolving client needs. The growing preference for lab-grown diamonds, facilitated by accessible price points, allows jewelers and end consumers greater flexibility in exploring larger stones and diverse designs.
The contract details provided during the transaction are summarized below:
| Aspect | Detail |
|---|---|
| Client Entity | Saharsh Exports (Mumbai based) |
| Order Value | INR 14.25 Crore |
| Nature of Goods | Cut and Polished Lab Grown Diamonds |
| Execution Timeline | Completion required within 4 months from the date of order |
| Payment Terms | Payment must be made on or before 180 days from the order completion date |
The company noted that this significant domestic order is expected to drive sustainable business growth by expanding its market presence for lab-grown diamonds.
Upendra Narottamdas Shah, Chairman and Managing Director of Mini Diamonds (India) Limited, commented on the development, stating, "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. We believe the expanding market for lab-grown diamonds, together with our growing domestic presence, provides a strong platform for further scaling our business."
Mini Diamonds (India) Limited, established in 1987, is a publicly listed company specializing in cut and polished diamond manufacturing and jewelry creation. The company operates a sophisticated facility in Mumbai, equipped with specialized machinery including Sarin Technology, Auto Bruiting Machines, Semi-Automatic Polishing Mills, and Sawing Machines.
Leveraging both advanced technology and seasoned craftsmanship, MDIL integrates diamond processing expertise with jewelry manufacturing capabilities. The firm caters to the Indian and international markets through both B2B and B2C channels, providing high-quality, cost effective lab-grown diamond products globally.
Stock Price Movement
Mini Diamonds India Ltd shares are edging lower in the pre-open session, trading at ₹5.11, which represents a 0.39% dip. Throughout the period, the stock has moved significantly within its intraday range, testing lows near ₹5.10 and highs up to ₹5.25.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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