Lypsa Gems & Jewellery has repaid a sum of Rs 3.55 crore to Bank of India and has reduced its debt.
Recently, the company’s wholly owned subsidiary - Lypsa DMCC had received a new order worth Rs 175 million from customers in UAE. This order consists of supplying loose polished diamonds as well as diamond-studded jewelry to a jewelry retailer and manufacturer in the Middle- East.
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.
