YEAR                                                        EVENTS
 1986 - The Company was incorporated on 10th November, as a Public
        Limited Company and obtained the Certificate of Commencement
 of
        Business on 6th February, 1987.  It was promoted by
 Chandrakant
        M. Bhansali, Batuk P. Shah, Mrs. Rita K. Bhansali & Others. 
 The
        Company imports rough diamonds for processing and export of
 cut
        and polished diamonds.
 
      - The Company, originally was incorporated in the name of VXL
        Diamonds (India) Ltd.  The main activity of the company is to
        import rough diamonds and to process and export cut and
 polished
        diamonds.  The Company is a Sight Holder of the Diamond
 Trading
        Co. (Pvt.) Ltd., London (DTC).  The Company is thus assured of
 a
        regular supply of rough diamonds.  Besides marketable
 diamonds,
        the Company also proposed to produce Sawn diamonds which are
 of
        a substantially higher value.
 
 1988 - 70 No. of equity shares subscribed for by signatories to
        Memorandum of Association.  34,99,930 No. of equity shares
 then
        issued at par of which 13,99,930 shares were reserved and
        allotted to promoters, directors etc. 
 
      - Of the remaining 21,00,000 No. of equity shares the following
        shares were reserved for allotment on a preferential basis:
 
      - (i) 12,25,000 shares to NRIs (all were taken up) and
 
      - (ii) 1,75,000 shares to employees (including Indian working 
        directors)/workers of the Company (only 63,300 shares taken
 up).
 
      - The balance 7,00,000 shares along with 1,11,700 shares not
 taken
        up by the employees were offered for public subscription
 during
        May-June.
 
 1990 
 
 - The Company has received the Export Award from Gem & Jewellery
 Export Promotion Council
 
 1992
 
   - The company received permission from the Government to set up a 
 jewellery manufacturing unit at SEEPZ, Mumbai, exclusively for export
 of studded gold jewellery.  Steps were taken to implement  the studded
 jewellery project.
 
 1993
 
 - Established first Jewellery factory is Seepz Zone
 
 1995
 
 - Accorded Sight Holder status by diamond Trading Company (DTC)
 
 1998
 
 - Established a Diamond cutting factory in Ahmedabad, India.
 
 2001 - The Company has signed an agreement with CDSL & NSDL for
              dematerialisation.
 
 
 2006
 
 - Classic Diamonds India Ltd has informed that the Board of Directors
 of the Company at its meeting held on October 31, 2006, inter alia,
 has appointed Mr Hiren Shah as Whole Time Director in place of Mr
 Ashok Ashar.
 
 2008
 
 - The Company has splits its face value from Rs10/- to Rs2/-.
 
 2012
 
 -Registered Office of the Company has been shifted  from 1002, Prasad
 Chambers, Opera House, Mumbai - 400004 to Office premises No. 701,
 Seventh Floor, Majestic Shopping Centre Premises Co-op. Soc. Ltd.
 144, J.S.S. Road, Girgaum Mumbai - 400004