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Lypsa Gems’ arm bags order worth Rs 155 million

10 Feb 2017 Evaluate

Lypsa Gems & Jewellery DMCC, a wholly owned subsidiary of Lypsa Gems & Jewellery, has received a prestigious new order worth Rs 155 million from customers based out of UAE, for the supply of diamonds and diamond-studded jewellery. This order will be executed over a 6-month period. The company is looking to further strengthen its presence in the International markets. It is also on track to achieve vision of profitable growth and targeting to become a debt free company soon.

Lypsa Gems & Jewellery is wholly integrated diamond company sourcing rough diamonds from the major diamond mines, cutting and polishing them in its own factories & marketing its product to clients across the globe. The company strives to sell polished diamonds directly to the jewelers, thereby eliminating the middlemen margin and passing on the price advantage to its customers.

Peers
Company Name CMP
Redington 349.60
Adani Enterprises 2682.00
Amrapali Industries 32.78
Maxgrow India 174.80
Rashi Peripheral 689.15
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