MoU23 Dec 2025, 08:38 am
Mini Diamonds India Ltd Enters MoU for Priority Access to Lab-Grown Diamond Rough
AI Summary
Mini Diamonds (India) Limited has entered into a Memorandum of Understanding (MoU) with Cupid Diamonds Private Limited, a Mumbai-based lab-grown diamond enterprise. The MoU provides MDIL with priority access to a regular monthly supply of lab-grown diamond rough aggregating approximately 30,000 to 40,000 carats. This arrangement is expected to enhance raw material availability, improve capacity utilization, and support MDIL’s ability to scale operations in a disciplined and predictable manner.
Key Highlights
- Mini Diamonds (India) Limited has entered into a MoU with Cupid Diamonds Private Limited
- The MoU provides MDIL with priority access to a regular monthly supply of lab-grown diamond rough
- The supply aggregates approximately 30,000 to 40,000 carats
- This arrangement is expected to enhance raw material availability and improve capacity utilization
- The MoU aligns with MDIL’s ongoing efforts to build a stable and scalable supply chain as it grows its lab-grown diamond business