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
Diamond Slump forces Debswana to diversify into copper, platinum and solar
Diamond-centric mining models is giving way to broader resource portfolios
Debswana Diamond Company, the 50–50 joint venture between the Botswana government and De Beers, is moving to diversify into copper, platinum and renewable energy as the prolonged downturn in natural diamond demand pressures earnings and forces the industry to rethink its growth strategy.
The company’s board has approved plans to invest in a portfolio of non-diamond projects after revenue fell 46% in 2024, the latest available financial year, highlighting the scale of the downturn in the global diamond market.
The move signals a strategic shift toward commodities with stronger long-term demand fundamentals, particularly copper, which is central to global electrification and energy-transition infrastructure.
Debswana’s diversification reflects a broader industry pivot as diamond producers confront weak consumer demand, rising competition from lab-grown stones and elevated inventories across the supply chain.
The shift is also visible among smaller exploration companies. Botswana Diamonds recently rebranded as Botswana Minerals, signalling its own strategic focus on copper exploration rather than diamonds.
Together, these moves underscore a growing consensus across the sector: the era of diamond-centric mining models is giving way to broader resource portfolios anchored in energy-transition metals.
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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.