Lypsa Gems and Jewellery today said its subsidiary has bagged an order worth Rs 22.3 crore from the UAE for supply of diamonds and diamond-studded jewellery.
The order will be executed over a nine-month period, the company said in a filing to BSE.
"... Our continuous focus and efforts on the Middle Eastern markets has helped us secure a new order worth Rs 223 million (Rs 22.3 crore)," the filing said.
Lyspa Gems said there is an uptrend in demand from both India and overseas markets following revival of demand in the diamond industry.
The company wants to increase sale of its two brands -- 'Oropel' and 'Lypsa Atelier' through online marketing and has tied up with e-commerce players Flipkart, Jewel-souk and others.
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