Lypsa Gems bags order worth Rs 175 million

Lypsa Gems and Jewellery has announced that its wholly-owned subsidiary Lypsa DMCC has received a new order worth Rs 175 million.

Oct 03, 2017 11:10 IST India Infoline News Service

Lypsa Gems and Jewellery
Lypsa Gems and Jewellery has announced that its wholly-owned subsidiary Lypsa DMCC has received a new order worth Rs 175 million from customers in UAE on Tuesday through a BSE filing.
 
This order consists of supplying loose polished diamonds as well as diamond-studded jewellery to a jewellery retailer and manufacturer in the Middle-East.
 
The company’s vertically integrated business model and presence across the value chain is allowing the company to take maximum advantage of the healthy demand for diamonds and diamond studded jewellery.
 
Meanwhile, the stock traded in the negative zone slipping over 0.21% at Rs 47.55 per share on BSE. The stock on NSE attracted a total traded quantity of 1,38,425 shares and a traded value of Rs 66.25 lakhs.
 
Lypsa Gems & Jewellery Limited is an India-based company, which is engaged in the trading and working in diamonds. The Company is also engaged in the import, export, making and polishing activities of diamonds, gems and other precious stones. The Company has three activities, including rough preparation, manufacturing and polished diamonds marketing. 

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