Mini Diamonds (India) Limited has signed Memorandum of Understanding (MOU) with Unique Lab Grown, a leading global producer of Lab-Grown Rough Diamonds
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Mini Diamonds (India) Limited has signed a Memorandum of Understanding with Unique Lab Grown, a global producer of lab-grown rough diamonds. Under this deal, MDIL will get priority supply from 100 machines capable of producing 10,000–15,000 carats of lab-grown rough diamond every month. This will help MDIL scale up its production of lab-grown polished diamonds using its existing Mumbai manufacturing facility. The company says this is a major step in its expansion strategy to become a fully integrated player in the lab-grown diamond value chain — from growing rough diamonds to polished diamonds, studded jewellery, and retail outlets.
This partnership secures a reliable, high-volume supply of lab-grown rough diamonds, which could strengthen MDIL's margins and growth in the fast-expanding lab-grown diamond segment. For shareholders, it signals a clear strategic push into a higher-potential business vertical, though the MOU is preliminary and actual financial benefits will depend on execution.