Mumbai-based diamond and jewelry manufacturer Flawless Diamond (India) Ltd has notified that it has received two new export orders worth Rs 32 crore, for its Diamond and Branded and non Branded Diamond designer Jewellery.

The company has secured the first order worth Rs 18.50 crore from Malay Impex, Hong Kong while, the second order worth Rs 13.50 crore has been received by the company from Madrid Impex FZE, Dubai.

Both the orders are scheduled to be completed within 180 days, from receiving of contract.

It should be noted that recently in Budget, the Indian Government has declared very positive and aggressive steps to boost diamond, and branded jewellery business, which is company's main line of business.

The shares of the company closed today at Rs 34, up 6% compared to previous close. The scrip has made 52-week-high and low of Rs 63 and Rs 13 respectively.