Receipt of export order for lab grown cut and polished diamonds amounting to USD 21,50,000 (approximately INR 18,29,65,000/-)
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Mini Diamonds India Ltd has secured an export order worth USD 21,50,000 (approximately INR 18.30 crore) from Jewellery Trendz Limited, a Hong Kong-based company, for lab-grown cut and polished diamonds. The order is to be executed within 3 months, with payment to be received within 150 days from the order date. This marks MDIL's entry into the Hong Kong market, expanding its presence in the Far East. The company stated this aligns with its strategy to grow export revenues and diversify its international customer base. Chairman Upendra Shah described the order as a positive reflection of growing global acceptance of lab-grown diamonds.
This is a positive development for shareholders, signalling growing international demand for the company's lab-grown diamonds and expansion into a new geographic market. The order adds tangible near-term revenue visibility (~INR 18.3 crore) and may boost sentiment around the company's export-led growth story, though the stock price impact will depend on its size relative to overall annual revenue.