Lypsa Gems & Jewellery Limited, formerly Maloo Gems and Jewellery Limited, is an India-based company. The Company is engaged in trading and working on diamonds. The Company is engaged in diamond cutting and polishing, rough preparing, and trading of polished diamonds. The company`s business activities are divided into three groups : rough preparation, manufacturing of polished diamonds and trading of polished diamonds. It has operations in Gujarat as well as in Mumbai and has marketing affiliates around the globe. Its manufacturing activities are carried out from Surat and Mumbai through its manufacturing tie-ups. On October 12, 2012, it incorporated and established a wholly owned subsidiary Company outside India.