Mini Diamonds India Ltd. (BSE: 523373), an emerging player engaged in the manufacturing, marketing, and sales of exquisite lab-grown diamond jewelry, is proud to announce the grand opening of its first-ever retail designer lab-grown diamond jewelry store at the prestigious Atria Mall in South Mumbai. This milestone, achieved through its wholly-owned subsidiary, Namra Jewels Private Limited, marks a significant moment in the company’s history since its inception in 1981.
The new store embodies Mini Diamonds India Ltd.’s vision to cater to the retail market with its exquisite designer lab-grown diamond jewelry. This expansion into the B2C segment opens up vast new horizons for growth and positions the company for further success in the retail sector.
Lab Grown Diamonds, akin to Natural Diamonds, are an eco-friendly, affordable and better option than natural diamonds thus enabling better market share acquisition and accessibility for the Indian consumer class. Due to its unique economies and qualities, the Lab grown Diamonds are going to be the future of the studded jewellery market and provide huge growth opportunities for the industry.
The company aspires to open 100s of such designer stores and kiosk across the globe thus enabling the consumer class to fulfil their aspirations of wearing diamonds and experience its sparkle. To further this objective the company recently entered into a strategic partnership with Ark Diamonds USA, with whom the company aims to enter the USA Market in full fledge mode.
Recently, company reported robust quarterly financial results for the period ending 30th June 2024. Revenue from Operations surged by 266.51%, rising from ₹243.18 million in Q1FY24 to ₹891.29 million in Q1FY25. EBITDA saw an extraordinary increase of 578.33%, soaring from ₹3.40 million (Q1FY24) to ₹19.67 million (Q1FY25). The company’s PBT/PAT demonstrated remarkable growth, skyrocketing by 1272.55%, from ₹1.44 million in Q1FY24 to ₹18.36 million in Q1FY25.
Mini Diamonds (India) Limited (BSE: 523373), established in the year 1987, excels in the manufacturing, marketing, and sales of exquisite lab-grown diamond jewellery. The company caters to both the Indian and international markets, offering its products through B2B and B2C channels. With a focus on cutting-edge production technology, it strives to deliver high-quality, cost-effective lab-grown diamonds that appeal to a wide range of customers.
Mini Diamonds has established a sophisticated manufacturing facility in Mumbai, strategically equipped with cutting-edge technology and state-of-the-art machinery tailored specifically for processing rough diamonds.
Under the meticulous supervision of the company’s seasoned experts and their own dedicated staff, the factory ensures the highest standards of precision and quality at every stage of production. This commitment to excellence extends beyond mere technology; it encompasses the fusion of craftsmanship and innovation to elevate the diamond processing industry to new heights.
The Mumbai facility also serves as a hub for jewellery manufacturing, where professional artisans harness the cutting-edge machinery available on-site. By integrating their expertise in diamond processing with jewellery manufacturing, Mini Diamonds creates a seamless synergy, resulting in exquisite, meticulously crafted pieces that embody both luxury and elegance.
By combining innovative technology, meticulous craftsmanship, and strategic marketing, it aims to set new standards in the lab-grown diamond industry, providing unparalleled value and beauty to its customers globally.
