Receipt of export order for lab grown cut and polished diamonds amounting to USD 18,00,000
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Mini Diamonds India has secured an export order valued at USD 1.8 million (approximately INR 16.02 crore) for lab-grown cut and polished diamonds from Hong Kong-based client Jewellery Trendz Limited. The order is to be delivered within 3 months with payment due within 150 days. The order is from an international entity, is not a related party transaction, and aligns with the company's strategy to grow its export revenues, particularly in the Far East market. Management highlighted rising global demand for lab-grown diamonds and growing trust in their quality and execution capabilities.
This order strengthens the company's export order book and revenue visibility for the coming quarters. It signals continued traction in international markets, especially the Far East, which could positively influence investor sentiment around the company's growth prospects.