Surat Diamond Bourse

July 22, 2023

The Surat Diamond Bourse, touted as the world’s largest office space in a single project, is all set to make history as Prime Minister Narendra Modi is expected to inaugurate it on November 21. This grand project is not only a testament to India’s entrepreneurial spirit but also a significant milestone for Surat’s diamond industry.

Changing the Landscape of Diamond Trading

Presently, Surat’s diamond trading market is situated in Mahidharpra Hira bazaar and Varachha Hira Bazaar, where traders conduct transactions on the streets, with minimal security measures in place. However, with the inauguration of the Surat Diamond Bourse, this scenario is expected to undergo a dramatic transformation.

Reducing Travel Time and Enhancing Convenience

One of the major advantages of the Surat Diamond Bourse is that it will significantly reduce travel time for local angadias who carry diamonds from Surat to Mumbai. Currently taking over 4.5 hours to travel to Mumbai, the new centralized location will streamline operations and expedite the process.

A Hub for Diamond Businesses

The Surat Diamond Bourse will house over 4,200 offices, ranging from 300 to 7,5000 square feet each, offering a plethora of diamond-related activities and infrastructure. This includes the sale of rough and polished diamonds, diamond manufacturing machinery, software for diamond planning, diamond certificate firms, lab-grown diamonds, and much more. Furthermore, the bourse will accommodate 27 diamond jewelry retail stores that cater to both domestic and international customers.

Design and Construction

Designed by Morphogenesis, a renowned architectural firm based in Delhi, the Surat Diamond Bourse stands as an architectural marvel. The construction began in December 2017 and was completed within five years, even amidst the challenges posed by the pandemic. The total project cost for this ambitious venture is estimated to be Rs 3,200 crore.

The Visionary Core Committee

The Surat Diamond Bourse’s success is attributed to the vision and leadership of its core committee, led by chairman Vallabhbhai Lakhani, the owner of Kiran Gems, one of Surat’s largest diamond firms. The committee comprises other prominent names in the diamond industry, who played pivotal roles in shaping this extraordinary project.

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