The order is scheduled to be completed within four months, with payment due on or before 150 days from completion.

The order has been awarded by a domestic entity based in Mumbai, and the diamonds will be supplied locally.

The company confirmed that neither the promoter nor the promoter group has any interest in the entity awarding the order, and the transaction does not fall under related party transactions.

Upendra N. Shah, chairman & MD, Mini Diamonds (India), said, “the order reflects increasing acceptance of lab-grown diamonds in the Indian market and validates the Company’s ability to deliver on quality, assortment, and timelines at scale. Management further added that the company will continue to expand domestic client relationships, enhance operational efficiency, and maintain strict quality standards while accelerating growth in the lab-grown polished diamond segment.”

Mini Diamonds (India) (MDIL) is engaged in the business of manufacturing and trading diamonds.

The company reported a standalone net profit of Rs 1.82 crore in Q2 FY26, down 1.1% from Rs 1.84 crore in Q2 FY25. However, revenue from operations rose 12.7% year-on-year (YoY) to Rs 100.46 crore in Q2 FY26.