Jewellery Manufacturer Bags Order from Dubai and Participates in B2C Exhibition at Mumbai
DSIJ Intelligence-1Categories: Multibaggers, Trending
The stock gave multibagger returns of 880 per cent in just 2 years and a whopping 7,370 per cent in 5 years.
Mini Diamonds India Ltd (MDIL) has announced significant business developments, strengthening its presence in both international and domestic markets. The company has secured a substantial export order from AV Palace DMCC, a prominent jewellery house in Dubai, for 1,000 pieces of sterling silver lab-grown diamond jewellery. This order is a continuation of their partnership, aiming to expand MDIL's brand in the Middle Eastern luxury jewellery market. This collaboration highlights a shared commitment to ethical luxury and meets the increasing consumer demand for consciously crafted jewellery.
In a strategic move to expand its domestic market reach, MDIL's brand Namra Jewels is participating in its first-ever direct-to-consumer (B2C) exhibition in Juhu, Mumbai, this weekend. This event will showcase a collection of 14KT BIS hallmarked and IGI-certified lab-grown diamond jewellery, offering consumers a direct opportunity to experience the brand's offerings. This participation is a crucial step in MDIL's growth strategy, allowing them to connect with a broader audience, gather valuable customer insights, and enhance brand recognition, ultimately expanding their offline presence and promoting sustainable luxury to more individuals.
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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 123x and an ROE of 10 per cent. The stock gave multibagger returns of 880 per cent in just 2 years and a whopping 7,370 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.