Mini Diamonds (India) Limited (MDIL), a BSE-listed public limited company established in 1987, has announced a significant milestone in its global expansion journey. On August 11, 2025, the company confirmed the receipt of an export order worth USD 21,50,000 (approximately INR 18,29,65,000) for lab-grown cut and polished diamonds from a leading Hong Kong-based client, Jewellery Trendz Limited.

This development was disclosed in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, reflecting the company’s transparency and commitment to keeping stakeholders informed of material events. The order will be executed within three months from the date of confirmation, with payment scheduled within 150 days of the order date.

A Strategic Win in the Far East

This order marks a crucial step in Mini Diamonds’ market diversification strategy, as the company continues to build a strong foothold in the Far East markets. The addition of Hong Kong, a global hub for diamond trading, is expected to open new avenues for growth and help MDIL capture a larger share of the region’s premium jewellery market.

Hong Kong is internationally recognised for its sophisticated diamond trade ecosystem and discerning clientele. By entering this market, MDIL gains access to a gateway that connects the global luxury jewellery supply chain, especially across Asia-Pacific markets.

Focus on Lab-Grown Diamonds

Lab-grown diamonds have been steadily gaining traction in global markets due to their eco-friendly production process, cost-effectiveness, and ethical sourcing advantages. Mini Diamonds’ expertise in producing high-quality, precision-cut lab-grown diamonds positions it at the forefront of this growing segment.

The company emphasises stringent quality control measures and adheres to global certification standards, ensuring that its diamonds meet international market expectations. This USD 21.5 lakh order is seen as an endorsement of MDIL’s craftsmanship, technology, and credibility in the international diamond industry.

Management’s Perspective

Speaking on the occasion, Shri Upendra N. Shah, Chairman and Managing Director of Mini Diamonds (India) Limited, highlighted:

“This order from Hong Kong is a positive reflection of the trust our international clients place in the quality and reliability of our products. It aligns with our broader objective of scaling up our exports while diversifying our customer base across geographies.”

He further added that entering Hong Kong not only reinforces MDIL’s global presence but also positions the company to capture emerging opportunities in the rapidly evolving jewellery landscape of the Far East.

Manufacturing Excellence in Mumbai

MDIL’s manufacturing facility in Mumbai is equipped with state-of-the-art machinery and cutting-edge technology for diamond cutting and polishing. Key features include:

• Sarin Technology for precision measurement.

• Auto Bruiting Machines for shaping.

• Semi-Automatic Polishing Mills for enhanced finishing.

• Advanced Sawing Machines for precision cutting.

The facility operates under strict supervision by seasoned experts, ensuring flawless production standards.

In addition to diamond processing, the Mumbai plant also houses a jewellery manufacturing unit staffed by skilled artisans who combine craftsmanship with modern technology to create luxury jewellery pieces for both domestic and international markets.

Export Growth & Market Expansion

The new Hong Kong order is part of MDIL’s strategic export growth plan, which has already seen success in various Far East markets. The company believes that lab-grown diamonds will continue to see robust global demand, driven by changing consumer preferences, sustainability concerns, and competitive pricing advantages.

By strengthening its international presence, MDIL aims to:

• Increase export revenues in USD terms.

• Diversify market risks by entering new regions.

• Leverage its manufacturing strengths to cater to premium clients.

Future Outlook

Industry analysts note that the lab-grown diamond segment is expected to grow significantly over the next decade, with Asia-Pacific emerging as a key growth driver. Mini Diamonds’ proactive steps in securing high-value international orders position it to benefit from this upward market trend.

The company remains committed to:

• Expanding its product range in lab-grown diamonds.

• Strengthening client relationships through consistent quality.

• Investing in R&D and advanced manufacturing technologies.

Key Order Details (As per SEBI Disclosure)

• Order Value: USD 21,50,000 (~INR 18.29 crore).

• Buyer: Jewellery Trendz Limited (Hong Kong).

• Nature: Export of lab-grown cut and polished diamonds.

• Execution Timeline: 3 months from order date.

• Payment Terms: 150 days from order date.

• Market: International (Far East region).

With this latest development, Mini Diamonds (India) Limited not only reinforces its global competitiveness but also signals a strong growth trajectory in the international jewellery sector, especially in the lab-grown diamond market, where demand is expected to soar in the coming years.

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