Receipt of Domestic Order for Lab Grown Polished Diamonds Amounting to Rs. 10 Crores
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Mini Diamonds (India) Ltd has received a new domestic order worth Rs. 10 crore from Aura Diamond, a Mumbai-based continuing client, for the supply of lab-grown polished diamonds. This is a repeat order from the same existing customer, which the company says reflects growing confidence in its quality and pricing. The order has to be completed within 4 months, with payment due within 150 days after completion. There is no promoter or related-party interest in the client.
A repeat Rs. 10 crore order reinforces the company's domestic lab-grown diamond business and customer stickiness, which is a mildly positive signal for revenue visibility, though the size is modest relative to a listed entity and no revenue baseline is given to gauge materiality.