Receipt of domestic order for Lab Grown Polished Diamonds amounting to Rs. 14 Crores
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Mini Diamonds India Ltd has secured a domestic order worth Rs. 14 Crores from Mumbai-based client Aura Diamond for the supply of lab-grown polished diamonds. The order is to be executed within 4 months, with payment due within 150 days of order completion. The company confirmed this is not a related-party transaction and that promoters have no interest in the client. Management called the order a sign of growing domestic momentum and improving repeatability in client engagements, supporting the company's strategy to scale volumes in India's lab-grown diamond segment. This follows the company's stated focus on disciplined execution, quality assurance, and competitive pricing to deepen channel relationships.
This is a meaningful new order for the small-cap company that strengthens near-term revenue visibility in the domestic lab-grown diamond segment. It signals improving demand traction domestically, which could be modestly positive for the stock and supports the company's growth narrative.