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
Richemont and Signet Jewelers Could Join Global Diamond Consortium In Bid For De Beers
Richemont, Signet Would Connect The Consortium To Key Global Growth Vectors Spanning Luxury High Jewelry and Mass-Market Retail.
The Global Diamond Consortium (GDC)
Richemont and Signet Jewelers are reported to be in talks about joining the Global Diamond Consortium (GDC), the preferred bidder for De Beers according to a Bloomberg News report.
GDC was selected in July 2026 as one of Anglo American’s preferred bidders for De Beers as part of Anglo American’s ongoing corporate restructuring.
The potential inclusion of Richemont—owner of luxury Maisons including Cartier and Van Cleef & Arpels—and Signet Jewelers—the world’s largest retailer of diamond jewelry, operating brands such as Kay Jewelers, Zales, and Jared—would connect the consortium to key global growth vectors spanning luxury high jewelry and mass-market retail.
Strengthening the Natural Diamond Ecosystem: Participation by major luxury brands and global retail leaders reinforces commitment across the entire value chain—from responsible mining and manufacturing to consumer engagement.
Balanced Governance Structure: Discussions center on potential minority equity positions that would support long-term category growth while maintaining appropriate separation between ownership and commercial strategy.
Broad Stakeholder Participation: The consortium continues to advance talks with host governments, including discussions with the Government of Botswana regarding a potential increase in its equity share in De Beers from 15% to approximately 25%, alongside participation from private investors and southern African host nations.
Discussions between GDC, Richemont, Signet, and participating government stakeholders remain ongoing. Terms of any potential participation, including the size of equity interests, have not been finalized and remain subject to regulatory approvals and definitive documentation.
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