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Rajesh Exports Secures $289M Order from UAE

Jan 19, 2015 2:10 PM   By Jeff Miller
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RAPAPORT... Rajesh Exports Ltd. secured a new $289 million (INR 17.8 billion) export order for jewelry, according to a filing on the Bombay Stock Exchange (BSE). The news gave a boost to the company's stock today, which closed up 19.3 percent to INR 169.20 on the BSE.

The manufacturer told local press that the order came from a company in the United Arab Emirates and included designer gold and  diamond jewelry, as well as medallions. The company is expected to complete the order by March 31. 

In India, Rajesh Exports operates the retail jewelry chain-store SHUBH Jewellers.

Tags: diamonds, gold, India, Jeff Miller, Jewelry, Manufacturing, Rajesh Exports
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