Upper Circuit Alert: Jewellery manufacturer bags order of Rs 17,17,35,000 from Dia-Globe Singapore PTE Ltd

On Wednesday, shares of Mini Diamonds (India) Ltd hit a 5 per cent upper circuit to Rs 191.85 per share from its previous closing of Rs 182.75. The stock’s 52-week high is Rs 233 while its 52-week low is Rs 81.61.

Mini Diamonds India Limited (MDIL) has secured a significant export order valued at USD 2 million (approximately Rs 17,17,35,000) for the supply of lab-grown diamonds. This order, received on July 14, 2025, is from Dia-Globe Singapore PTE Ltd, a prominent overseas client based in Singapore. This development is a direct result of MDIL's strategic focus on increasing its export revenues and solidifying its position in international markets. The growing global demand for lab-grown diamonds presents substantial opportunities for Indian manufacturers, and this order not only highlights MDIL's capability to fulfil large-scale requirements but is also anticipated to significantly boost the company's sales growth in the lab-grown diamond sector in the upcoming quarters.

The terms of the contract stipulate that the export of these lab-grown polished diamonds must be completed within 60 days from the date the order was placed. Payment for the order is due on or before 150 days from the date of order completion. This international order underscores MDIL's expanding presence in the global market for lab-grown diamonds, further diversifying its international business portfolio and reinforcing its standing as a key player in this evolving industry.

About the Company

Mini Diamonds, a public limited company established in 1987, has a strong track record in the diamond import and export business. With its state-of-the-art manufacturing facility in Mumbai equipped with advanced technology, Mini Diamonds excels in cutting and polishing diamonds, ensuring precision and quality at every stage. The company also manufactures exquisite lab-grown diamond jewellery, catering to both domestic and international markets through B2B and B2C channels. Mini Diamonds' commitment to innovation, craftsmanship, and strategic marketing positions it as a leader in the lab-grown diamond industry, offering exceptional value and beauty to customers worldwide.

The company has a market cap of over Rs 400 crore and debtor days have improved from 186 to 139 days. The shares of the company have a PE of 130x and an ROE of 10 per cent. The stock gave multibagger returns of 940 per cent in just 2 years and a whopping 7,380 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.