Mini Diamonds (India) Limited has announced a new strategic move to strengthen its raw material sourcing as it signed a Memorandum of Understanding (MoU) with Cupid Diamonds Private Limited, a Mumbai-based lab-grown diamond company.
As per the MoU, Cupid Diamonds will provide Mini Diamonds with priority access to a regular monthly supply of lab-grown diamond rough. The proposed supply volume is estimated at around 30,000 to 40,000 carats per month, subject to mutually agreed commercial terms between the two parties.
The arrangement is aimed at supporting Mini Diamonds’ expanding manufacturing operations in the lab-grown diamond segment. By securing a consistent and predictable supply of rough diamonds, the company expects to strengthen its supply chain and improve raw material availability for the production of lab-grown polished diamonds.
Management indicated that this priority supply access is expected to help improve capacity utilisation at its manufacturing facilities and support a more disciplined scale-up of operations. With steady access to key inputs, Mini Diamonds aims to better plan production cycles, reduce supply-related uncertainties, and meet growing demand in the lab-grown diamond market.
