Mini Diamonds India Ltd enters into business with Parasamani Inc., Canada

Mini Diamonds India Ltd (MDIL) has entered into a strategic business arrangement with Parasamani Inc., a jewellery company based in Toronto, Canada. This partnership represents a significant milestone in MDIL's global expansion strategy and solidifies its position to be a pioneer in the lab-grown diamond jewellery industry.

Parasamani Inc. is a well-established enterprise in the Canadian wholesale jewellery market, with over a decade of experience and an extensive network of connections. Through this collaboration, Parasamani will market and promote MDIL's lab-grown diamond jewellery across Canada, utilising its strong relationships with retailers, wholesalers, and distributors to significantly boost MDIL's sales in the region.

By leveraging Parasamani's established channels, MDIL will be able to offer Canadian clients a diverse range of lab-grown diamond jewellery, from occasion specials to everyday elegant pieces. Parasamani's deep understanding of the Canadian market will ensure that MDIL's collections resonate with local preferences while maintaining the highest standards of quality, craftsmanship, and sustainability.

Shri Upendra N. Shah, Chairman and Managing Director, Mini Diamonds (India) Limited, had to say the following with regards this newly entered arrangement with PARASMANI INC, TORONTO, CANADA: "This partnership allows MDIL to capitalize on the growing demand for lab-grown diamonds in Canada, as more consumers become conscious of ethical and environmentally friendly alternatives to mined diamonds. Parasamani will play a crucial role in helping MDIL cater to this demand by positioning its products in key retail outlets, offering Canadian consumers a luxurious yet eco-conscious option for their jewellery purchases."

Shares of MINI DIAMONDS (INDIA) LTD. was last trading in BSE at Rs. 112.63 as compared to the previous close of Rs. 110.43. The total number of shares traded during the day was 725 in over 13 trades.

The stock hit an intraday high of Rs. 112.63 and intraday low of 112.63. The net turnover during the day was Rs. 81656.00.

Source : Equity Bulls

Keywords

MINIDIAMONDSINDIA INE281E01010 StrategicBusinessArrangement ParasamaniInc Toronto Canada