From correspondents in Maharashtra, India, 02:30 PM IST

Flawless Diamond India Ltd has bagged an export order of precious stones to the tune of Rs.380 million ($9.5 million) from Madrid Impex based in Dubai's free export zone.

The company had recently launched a new series of designer diamonds, under the name AUM. This new series, according to the company's communication to the Bombay Stock Exchange (BSE) Thursday, has attracted a lot of attention in overseas markets.

Company secretary Prem Kumar Uppal told IANS that the export order has to be executed within a span of three months.

He said that the new series, which has eight new varieties, has evoked a good response in the domestic market too, from the firm's own 18 retail outlets as well as from among its tie-ups.

The company till date has created a bank of more than 50,000 exclusive designs for its branded and non-branded jewellery. It is planning to open more retail outlets in the country soon.

(Staff Writer, © IANS)