Mini Diamonds signs MOU for lab-grown diamond supply with Cupid Diamonds

Mini Diamonds (India) Limited has entered into a strategic Memorandum of Understanding (MOU) with Cupid Diamonds Private Limited, a Mumbai-based lab-grown diamond enterprise. The agreement secures priority access to a substantial monthly supply of 30,000-40,000 carats of lab-grown rough diamonds, marking a significant step in strengthening the company’s supply chain and manufacturing operations.The priority supply arrangement is strategically designed to support Mini Diamonds’ expanding manufacturing operations and strengthen its position in the lab-grown diamond market.

Shri Upendra N Shah, Chairman and Managing Director of Mini Diamonds (India) Limited, emphasized the strategic importance of this arrangement. He highlighted that the priority supply partnership strengthens access to key raw materials and supports smoother execution of lab-grown diamond manufacturing operations. The agreement aligns with the company’s ongoing efforts to build a stable and scalable supply chain as it expands its lab-grown diamond business segment