Mini Diamonds (India) Limited has entered into a strategic Memorandum of Understanding (MOU) with Cupid Diamonds Private Limited, a Mumbai-based lab-grown diamond enterprise. The agreement secures priority access to a substantial monthly supply of 30,000-40,000 carats of lab-grown rough diamonds, marking a significant step in strengthening the company's supply chain and manufacturing operations.

Strategic Supply Partnership Details

The MOU establishes a framework for regular monthly supply arrangements that will significantly enhance Mini Diamonds' manufacturing capabilities:

Manufacturing and Operational Impact

The priority supply arrangement is strategically designed to support Mini Diamonds' expanding manufacturing operations and strengthen its position in the lab-grown diamond market. The partnership addresses key operational objectives:

• Enhanced Raw Material Availability: Ensures consistent supply of quality rough diamonds for processing
• Improved Capacity Utilization: Supports optimal use of existing manufacturing infrastructure
• Scalable Operations: Enables disciplined and predictable business growth
• Supply Chain Strengthening: Reduces dependency risks through reliable sourcing partnerships

Management Perspective

Shri Upendra N Shah, Chairman and Managing Director of Mini Diamonds (India) Limited, emphasized the strategic importance of this arrangement. He highlighted that the priority supply partnership strengthens access to key raw materials and supports smoother execution of lab-grown diamond manufacturing operations. The agreement aligns with the company's ongoing efforts to build a stable and scalable supply chain as it expands its lab-grown diamond business segment.

Company's Manufacturing Capabilities

Mini Diamonds operates a sophisticated manufacturing facility in Mumbai, equipped with cutting-edge technology specifically tailored for diamond processing. The facility features modern equipment including:

• Sarin Technology systems
• Auto Bruiting Machines
• Semi-Automatic Polishing Mills
• Advanced Sawing Machines

The company has established itself as an internationally recognized entity in cut and polished diamonds and jewellery manufacturing since its establishment in 1987. Mini Diamonds serves both Indian and international markets through B2B and B2C channels, focusing on high-quality, cost-effective lab-grown diamonds that appeal to a diverse customer base.

Market Position and Future Outlook

This strategic partnership reinforces Mini Diamonds' commitment to innovation and quality in the lab-grown diamond industry. The company combines cutting-edge production technology with meticulous craftsmanship to deliver products that meet evolving market demands. The secured supply arrangement positions the company to capitalize on growing opportunities in the lab-grown diamond segment while maintaining operational efficiency and quality standards.

Mini Diamonds (India) Limited has announced the receipt of a substantial domestic order worth ₹12.00 crores for lab-grown polished diamonds. The order comes from a Mumbai-based client, marking a significant milestone for the company's domestic market expansion.

Order Details and Specifications

The comprehensive order parameters demonstrate the scale and structured nature of this business development:

The order will be executed as per the client's specifications and the mutually agreed delivery schedule, with the company undertaking procurement, manufacturing and dispatching in line with its standard operating processes and quality benchmarks.

Strategic Market Impact

This development supports Mini Diamonds' ongoing focus on scaling volumes across B2B and B2C channels in India. The execution of this order is expected to expand the company's footprint in the domestic diamond industry and reinforce its presence in the lab-grown polished diamond market through several key advantages:

• Higher visibility in the domestic market
• Enhanced repeat business potential
• Deeper channel penetration
• Strengthened client relationships

Company Background

Mini Diamonds (India) Limited is a BSE-listed public limited company established in 1987, initially focused on diamond import and export business. The company has evolved into an internationally recognized entity for cut and polished diamonds and jewellery manufacturing. Mini Diamonds operates a sophisticated manufacturing facility in Mumbai, equipped with cutting-edge technology including Sarin Technology, Auto Bruiting Machines, Semi-Automatic Polishing Mills, and Sawing Machines.

The company excels in manufacturing, marketing, and sales of lab-grown diamond jewellery, catering to both Indian and international markets through B2B and B2C channels, with a focus on cutting-edge production technology to deliver high-quality, cost-effective lab-grown diamonds.