Receipt of significant doemstic order for Cut and Polished Lab Grown Diamonds from Aura Diamond amounting to INR 14.00 Crores
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Mini Diamonds (India) Ltd has secured a significant domestic order worth INR 14.00 Crores from Aura Diamond, a Mumbai-based existing client, for the supply of cut and polished lab-grown diamonds. The order is to be executed within 4 months from the order date, with payment due within 150 days after order completion. The company highlights this as repeat business, reflecting customer confidence in its quality, pricing, and timely delivery capabilities. The order supports MDIL's stated strategy of deepening its presence in the Indian lab-grown diamond market rather than relying solely on exports.
Positive for the company — the order adds INR 14 Crores of confirmed domestic revenue over the next few months and signals strengthening demand for lab-grown diamonds in India. For shareholders, it reinforces the growth narrative in the domestic segment, though the order size should be seen in context of MDIL's overall revenue base.