Mini Diamonds bags INR 14 Cr domestic lab-grown diamond order from Kavish Jewels

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Nifty Microcap 250market · in no size index; the smallest one is used+1.8%-1.6% vs market

Gems, Jewellery And Watches peers, median of 40sector+0.0%+0.1% vs sector

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AI summary

Mini Diamonds India Ltd has secured a domestic order worth INR 14.00 Crores from new client Kavish Jewels, a Mumbai-based buyer, for supply of cut and polished lab grown diamonds. The order is to be fulfilled within 4 months, with payment due within 150 days of completion. The company says the win reflects its push to grow its domestic customer network in the lab grown diamond segment. The transaction is not a related party deal.

Likely market impact

Adds domestic revenue visibility from a new client and supports MDIL's lab-grown diamond growth focus; INR 14 Cr is a meaningful but not transformative order.