Mini Diamonds (India) has entered into a strategic agreement for the monthly procurement of lab-grown diamonds, marking a significant expansion in the company's synthetic diamond operations. The agreement establishes a consistent supply chain for Mini Diamonds' growing business in the lab-grown diamond segment.

Agreement Details

The procurement agreement outlines specific volume commitments that will support the company's operational requirements:

Strategic Implications

This agreement positions Mini Diamonds (India) to capitalize on the expanding lab-grown diamond market. The consistent monthly procurement volumes between 30,000 to 40,000 carats will provide the company with a reliable supply base to support its operations and customer commitments.

The lab-grown diamond segment has been experiencing increased demand as consumers and businesses seek alternatives to natural diamonds. This procurement agreement enables Mini Diamonds to secure a steady supply of synthetic diamonds, which are chemically and physically identical to natural diamonds but produced in controlled laboratory environments.

Market Position

By securing this monthly procurement agreement, Mini Diamonds (India) demonstrates its commitment to expanding its footprint in the synthetic diamond market. The agreement provides the company with supply chain stability and positions it to meet growing market demand for lab-grown diamonds across various applications and customer segments.

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.