From Mine to Market: This gems & jewellery company acquired 51 per cent of Dazzling Concepts LLP & established a new subsidiary, Pyramid Gold Assaying & Hallmarking Centre

The stock gave multibagger returns of 330 per cent in just 1 year and a whopping 1,235 per cent in 3 years.

Mini Diamonds (India) Ltd announced two strategic investments approved by our Board of Directors. These moves position our company to capitalize on promising growth trends in the jewellery industry.

Firstly, we are acquiring a 51 per cent ownership stake in Dazzling Concepts LLP. This company specializes in creating beautiful and ethical sterling silver jewellery featuring lab-grown diamonds. Lab-grown diamonds are a rapidly growing segment of the market, driven by consumer preferences for sustainable and affordable luxury. By partnering with Dazzling Concepts, we gain expertise in this exciting space and position ourselves to benefit from the projected surge in demand for lab-grown diamond jewellery.

Secondly, we are establishing a new subsidiary, Pyramid Gold Assaying & Hallmarking Centre Private Limited. This company will operate state-of-the-art centres dedicated to providing meticulous testing, hallmarking, and assaying services for jewellery. As the market for lab-grown diamonds expands, the need for reliable and trustworthy certification will become increasingly crucial. Pyramid Gold will ensure the highest standards of quality and authenticity for precious metal products, fostering trust and transparency throughout the jewellery industry. By offering unparalleled confidence to both consumers and businesses, Pyramid Gold aspires to become the gold standard in jewellery certification.

Mini Diamonds, a diamond industry leader since 1987, boasts a remarkable journey. Initially focused on import and export, they've become renowned for their exquisite cut and polished diamonds and beautiful jewellery. Their success hinges on a strategically located Mumbai facility equipped with cutting-edge technology for every stage of diamond processing, from precision analysis to meticulous cutting.

Also Read: Rs 38,389 crore order book: After IREDA, this Debt-free multibagger warship and submarine builders company receives ‘Navratna’ Status; Hit 52-week high!

This commitment to excellence extends beyond machinery. Skilled experts meticulously oversee each step, ensuring the highest quality. But Mini Diamonds doesn't stop there. Their Mumbai facility seamlessly integrates diamond processing with jewellery creation. Here, professional artisans leverage high-tech equipment to craft exquisite pieces that embody both luxury and elegance. This synergy between diamond processing and jewellery-making allows Mini Diamonds to deliver unparalleled craftsmanship in every creation.

Today, shares of Mini Diamonds (India) Ltd were locked in a 2 per cent upper circuit to Rs 80.13 per share from its previous closing of Rs 78.56. The stock’s 52-week high is Rs 85.18 and its 52-week low is Rs 17. The company has a market cap of Rs 28.60 crore. The stock gave multibagger returns of 330 per cent in just 1 year and a whopping 1,235 per cent in 3 years.

Disclaimer: The article is for informational purposes only and not investment advice.