Mini Diamonds touches roof on entering into strategic partnership with A V PALACE DMCC
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Mini Diamonds (India) is currently trading at upper limit of Rs. 104.07, up by 2.04 points or 2.00% from its previous closing of Rs. 102.03 on the BSE.
The scrip opened at Rs. 104.07 and has touched a high and low of Rs. 104.07 and Rs. 104.07 respectively. So far 1155 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 104.07 on 19-Aug-2024 and a 52 week low of Rs. 17.00 on 31-Oct-2023.
Last one week high and low of the scrip stood at Rs. 104.07 and Rs. 96.15 respectively. The current market cap of the company is Rs. 240.48 crore.
The promoters holding in the company stood at 33.86%, while Non-Institutions held 66.14% stake in the company.
Mini Diamonds India (MDIL) has entered into a strategic partnership with A V PALACE DMCC, a well-established diamond and jewellery enterprise based in Almas Tower, Jumeirah Lakes Towers, Dubai. This collaboration marks a significant expansion for MDIL as it brings its exquisite lab grown diamond jewellery collections to the vibrant market of Dubai. Under this agreement, A V PALACE DMCC will take on the pivotal role of distributing MDIL's jewellery through a comprehensive range of channels. Leveraging both Business-to-Business (B2B) and Business-to-Consumer (B2C) strategies, A V PALACE DMCC will utilize its extensive network to reach various customer segments.
For B2B, A V PALACE DMCC will engage with wholesalers, retailers, and other businesses in the jewellery sector, offering them exclusive access to MDIL's stunning collections of lab grown diamond jewellery. This will include customised as well as bulk order options, and competitive pricing, ensuring that MDIL's jewellery reaches a broad spectrum of businesses that value quality and craftsmanship.
In the B2C domain, A V PALACE DMCC will directly cater to individual consumers, offering a seamless shopping experience both online and in-store. The company will provide personalized customer service, guiding clients in selecting the perfect pieces from MDIL’s range of exquisite lab grown studded diamond jewellery. With a focus on transparency and authenticity, A V PALACE DMCC will ensure that each piece of jewelry sold is accompanied by certification, offering peace of mind and confidence to buyers.
Mini Diamonds (India) operates in one segment which is Jewellery manufacturing. The main object of the company is to process latest semi-automatic spinning mills for polishing diamonds & also computerized laser machine for sawing, crafting & cleaving.
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