This collaboration, announced on August 19, 2024, represents a significant step forward in MDIL’s global expansion initiatives, with a focus on the dynamic market of Dubai.
Expansion into Dubai Market
A V PALACE DMCC, located in Almas Tower, Jumeirah Lakes Towers, Dubai, will now feature MDIL‘s magnificent lab-grown diamond jewellery. This collaboration intends to strengthen MDIL‘s footprint in Dubai and the surrounding regions by leveraging A V PALACE DMCC‘s broad network for both B2B and B2C sales. The B2B section will cater to wholesalers, retailers, and bulk orders, whilst the B2C segment will provide direct sales to customers both online and in-store, with customized service and certified jewelry items.
MDIL Expertise and Technology
MDIL, founded in 1987, specializes in cut and polished diamonds, having a cutting-edge manufacturing plant in Mumbai. The factory is outfitted with cutting-edge equipment, including Sarin equipment, Auto Bruting Machines, and Semi-Automatic Polishing Mills, to ensure high-quality production standards.
MDIL’s Chairman and Managing Director, Upendra N Shah, expressed delight for the agreement, saying, “We are certain that cooperating with A V PALACE DMCC would greatly improve our market presence in Dubai and allow us to reach a larger audience with our lab-grown diamond jewellery. We anticipate a successful collaboration that will strengthen our brand and secure our global market position.”
The partnership with A V PALACE DMCC is intended to boost MDIL‘s position in the competitive Middle Eastern market, utilizing the partner’s decade-long experience and reputation for excellence in the diamond and jewellery industry.