Mini Diamonds (India) Limited (MDIL) has announced a strategic business arrangement with Pyramid Gold Auxiliary Services LLP, a Mumbai-based jewellery hallmarking and auxiliary services unit. This partnership marks a significant expansion in MDIL's service offerings within the jewellery industry.

Key Highlights of the Partnership

• Service Expansion: MDIL will now offer hallmarking, assaying, and touch testing services through its new partner.
• Business Responsibilities: MDIL will handle marketing and business development for the partnership.
• Revenue Sharing: The arrangement includes a revenue-sharing agreement between the two entities.
• Market Access: MDIL gains access to Pyramid Gold's existing customer base for its jewellery products.

Strategic Benefits for MDIL

This partnership represents a strategic move for Mini Diamonds (India) Limited, allowing the company to:

1. Deepen its reach across the jewellery value chain
2. Strengthen its overall service offering
3. Potentially unlock additional revenue streams
4. Enhance customer relationships by providing a more comprehensive range of services

Management's Perspective

Upendra N. Shah, Chairman and Managing Director of Mini Diamonds (India) Limited, commented on the business update:

"We see this business arrangement as a logical extension of our jewellery business, allowing us to offer hallmarking and related ancillary services alongside our core products. By combining our marketing capabilities with the business partner's established operational base in Mumbai, we aim to deepen our customer relationships and unlock additional revenue streams."

About Mini Diamonds (India) Limited

Mini Diamonds (India) Limited, established in 1987, is a publicly listed company on the BSE Limited. The company has built a strong reputation in:

• Diamond import and export
• Cut and polished diamonds
• Jewellery manufacturing

MDIL operates a sophisticated manufacturing facility in Mumbai, equipped with cutting-edge technology for processing rough diamonds and manufacturing jewellery. The company's expertise extends to lab-grown diamond jewellery, catering to both Indian and international markets through B2B and B2C channels.

Conclusion

The collaboration between Mini Diamonds (India) Limited and Pyramid Gold Auxiliary Services LLP represents a strategic move to enhance MDIL's position in the jewellery industry. By expanding its service offerings and leveraging new market opportunities, MDIL aims to strengthen its competitive edge and create additional value for its customers and shareholders.

Mini Diamonds (India) Limited , a publicly listed company on the BSE, has announced a significant development in its export business. The company has secured a $2 million export order for lab-grown cut and polished diamonds from Gogreen Diamonds Singapore PTE Ltd, a Singapore-based customer.

Key Details of the Export Order

Strategic Implications

This order marks a significant step for Mini Diamonds in its efforts to expand its international customer base beyond the United States. The company views this as a validation of its lab-grown diamond strategy and its ability to consistently serve international clients.

Management's Perspective

Upendra N. Shah, Chairman and Managing Director of Mini Diamonds (India) Limited, commented on this development:

"We see this USD 2 million order from Singapore as a further validation of our lab-grown diamond strategy and our ability to serve international clients consistently. By focusing on quality, delivery reliability, and competitive pricing, we are gradually building a diversified export book across key markets."

Expected Impact

1. Revenue Contribution: The order is expected to contribute meaningfully to revenues from the lab-grown segment over the coming quarters.
2. Profitability Improvement: As volumes scale up, the company anticipates an improvement in overall profitability.
3. Capacity Utilization: Over time, such orders are expected to support healthier capacity utilization.
4. Product Mix: The company foresees a better product mix as a result of these international orders.

Company Background

Mini Diamonds (India) Limited, established in 1987, has evolved from a diamond import and export business to an internationally recognized company for cut and polished diamonds and jewelry manufacturing. The company has a sophisticated manufacturing facility in Mumbai, equipped with cutting-edge technology for processing rough diamonds and manufacturing jewelry.

This latest order aligns with the company's strategy of increasing its export mix and capitalizing on the growing global demand for lab-grown diamonds. By offering reliable quality and competitive pricing, Mini Diamonds aims to strengthen its position in the international market for lab-grown diamonds.

Investors and market watchers will likely keep a close eye on how this order and similar future deals impact the company's financial performance and market position in the coming quarters.