DiamondBuzz
Mini Diamonds India Bags ₹18.29-Crore Export Order from Hong Kong’s Jewellery Trendz
Order for lab-grown polished diamonds to be executed in 3 months; company strengthens foothold in Far East market
Mini Diamonds India Ltd (MDIL) has secured a significant export order worth Rs 18.29 crore from Hong Kong-based Jewellery Trendz, marking a key milestone in the company’s international growth strategy. Following the announcement, MDIL shares rose by 2.18% to Rs 185 on the stock exchange.
The order includes lab-grown, cut and polished diamonds, with execution scheduled within three months of confirmation. Payment for the consignment is expected within 150 days from the date of the order.
Commenting on the development, Chairman and Managing Director of MDIL, said, that by promoting the sustained traction and growing acceptance of lab-grown diamonds in global markets. The order from Hong Kong reflects the trust our international clients place in our quality and reliability.
He also further added that the order supports MDIL’s broader objective of expanding export operations and diversifying its customer base across key international markets. The brand remains focused on enhancing production capabilities, adhering to global certification standards, and building long-term partnerships worldwide too.
The company views this order as a strategic move to strengthen its presence in the Far East market, particularly as lab-grown diamonds continue gaining popularity.
MDIL, engaged in the manufacturing and trading of diamonds, has increasingly pivoted towards lab-grown stones in response to evolving market demand. Despite reporting a standalone net loss of Rs 2.70 crore in Q4 FY25 (compared to a net profit of Rs1.34 crore in Q4 FY24), the company posted a 14.3% year-on-year growth in revenue from operations, reaching Rs 96.79 crore.
DiamondBuzz
Pandora Adds Carbon Footprint Labelling For LGDs
New Level Of Transparency Empowers Consumers To Compare Climate Impact Of Their Diamond Jewellery
For decades, diamonds have been graded by the traditional 4Cs: Cut, Colour, Clarity and Carat. Now Pandora is adding the 5th C, declaring the carbon footprint of every Pandora Lab-Grown Diamond as part of the product information on pandora.net alongside the traditional four grading criteria.
The carbon footprint covers all emissions from the diamond crafting process: from producing the raw materials used to grow the diamond all the way until it is cut and polished, ready to leave the diamond facility.
As an example, a one carat Pandora Lab-Grown Diamond has 12.58 kg of CO2e emissions. This is around 90% lower than a mined diamond of the same size.
By adding carbon footprint to the diamond conversation, Pandora gives customers an extra point of comparison and essential insight into the climate impact of their desired diamond jewellery.
CARBON FOOTPRINT COMPARABLE TO A PAIR OF JEANS
Lab-grown diamonds are chemically, optically, thermally and physically identical to mined diamonds.
Pandora stopped using mined diamonds in 2021 and is now only using lab-grown diamonds made with 100% renewable electricity and set in jewellery crafted from 100% recycled silver and gold.This significantly reduces the carbon footprint of the Pandora Lab-Grown Diamonds collection. For example, a 14k gold Pandora Infinite ring with a 1 carat lab-grown diamond has a comparable carbon footprint to a pair of jeans.
PANDORA TO SHARE FINDINGS
The carbon footprints of Pandora’s lab-grown diamonds have been calculated by external life-cycle assessment experts and published in a study verified by auditing firm EY. The study uses best practice methodology and is available on pandoragroup.com.
Adding a 5th C is a response to increasing consumer expectations to sustainability, and Pandora will share its methodology and findings with other jewellery makers to inspire greater transparency across the sector.
Pandora Lab-Grown Diamonds are currently available in the US, UK, Canada, Australia, New Zealand and Denmark with more countries to be added soon.
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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.