Mini Diamonds (India) (MDIL) witnessed a massive jump in its share price after it announced the signing of a major export order. The share price of the company increased by 18.53%  to a trading price of ₹32.95 on the Bombay Stock Exchange (BSE). This surge in market value was a direct response to the news of getting an export order worth $1.50 million (approximately ₹13.5 crore).

Export order details and financial performance

Jewellery Trendz is a Hong Kong-based company that was awarded the lucrative export contract. The order is specifically related to the export of lab-grown polished diamonds, as it was confirmed in an exchange filing by Mini Diamonds (India). The total price of the diamonds that will be exported according to this contract is above $1.50 million.

The firm has provided an effective schedule for how this order will be executed. The export will be completed within three months of the date on which the order was received. Upon delivery, the company will be paid after 150 days following the delivery date.

Mini Diamonds (India) has given a regulatory clarification where it said that its promoters and the promoter group do not have any interest in the Hong Kong awarding authority. The deal cannot be regarded as a related-party under the current regulatory standards.

Mini Diamonds (India) (MDIL) is essentially involved in the trade and manufacturing of diamonds. The second quarter of the fiscal year 2026 (Q2 FY26) has been a mixed financial performance for the company. The standalone net profit of Q2 FY26 was reported as ₹182 crore.

This amount is a minor decrease of 1.1% compared to the ₹1.84 crore net profit in the same quarter in the previous fiscal year (Q2 FY25). On the contrary, the operating revenues at the company are positively improved. Q2 FY26 revenue increased 12.7% year-on-year (YoY), and stood at ₹100.46 crore.

The chairman and managing director, Mini Diamonds (India), Upendra N. Shah, said, “The repeat order from our Hong Kong customer, focused on exclusively special-cut and shaped lab-grown polished diamonds, underlines the confidence in our product consistency and ability to customize as per client requirements through our in-house R&D. Fulfilment of the earlier orders to this customer is progressing as planned, and we expect to complete dispatches within the agreed timeframes. As we expand our offering beyond round shapes, we see better flexibility for our overseas partners and improved visibility for the lab-grown diamond portfolio in export markets over the coming quarters.”

Quotation Source: Business Standard  

Conclusion

The achievement of Mini Diamonds India in acquiring a $1.50 million export order with Jewellery Trendz of Hong Kong is one of the most notable business developments that enabled the company to gain over 18% in stock value. The agreement, based on the polished lab-grown diamonds that are customised, helps to strengthen the reputation of the company in terms of the quality of the products offered and specialisation in the export market. The commentary by the management cites strategic expansion to specialised diamond shapes to gain more visibility in the export market. The recent quarterly performance of the company indicates that there has been a slight decrease in net profit on a year-on-year basis, whereas revenue growth of 12.7% as a result of operations and the enthusiasm of an international client demonstrates that the company is in an excellent position to maintain its place in the global lab-grown diamond trade.