Surat Diamond Bourse

Surat Diamond Bourse
Type Diamond Exchange
Location Surat, India
Key people Shri. Vallabhbhai Patel (President)
Currency INR ₹
Commodities Precious Metals
Website www.suratdiamondbourse.in

Surat Diamond Bourse is the World’s largest office building, presaged to be a hub for all diamond trading activities, located at Surat city in Gujarat state of India. Provisioning 66 lakh Sq.ft. built up area, this gigantic structure, encompasses 4,200 offices for national & international traders. With growing commercialization and professionalism in the Diamond market, the industry giants have come up with the amazing concept of accommodating all the buyers, manufacturers and sellers under a single roof, which is Surat Diamond Bourse. This venture would be at the heart of DREAM City project, envisioned by our current Prime Minister and Visionary Mr. Narendra Modi. This will ensure the maximization of profits to all along with the greater quality and precision, and undoubtedly the ease of access to all the foreign traders. This 35.54 Acres wide gargantuan project, dwarfing diamond exchanges in Mumbai, Israel and Belgium, is expected to increase the business growth with around 90,000 Crore annually.



[1][2][3][4][5]

Background

Recently, in 2018, the giants from the Surat Diamond industry gathered and have conceived the project of accommodating all the diamond merchants and manufacturers under one roof so as to increase the profitability for all, by minimizing the transportation time and collaborating different units, which so far were scattered into small units. For the same, they step-by-step united all those associated with the industry, and later approached the government with this gargantuan project, which was carefully calibrated and propelled with plans and layouts. With the Government approval, the project is spaced at the heart of DREAM City project. It is expected to be operational by 2020.

Surat Diamond Industry

Six decades ago, Surat diamond industry started with very rudimentary tools and techniques, which now incorporates the most sophisticated and advanced technology for the process. Such advancement, has made this market, the producer of more than 90% of world’s processed diamonds. Further, Surat is also home to International Institute of Diamond Grading and Research (IIDGR) owned by De Beers. Adding to the existing fame of Surat, is the DREAM (Diamond Research And Mercantile) city project, is now undertaken by the Government of Gujarat, planning to be developed in 2000 acres near Khajod (Surat), availing various residential and commercial spaces for business owners and employees in this industry.

Prospects

Surat Diamond Bourse’s proposed humongous 66 lakh Sq.ft. facility, built with the investment of over INR 2400 Crore, is planned to have 9 iconic towers consisting G+15 floors each. It has been planned intelligently, to accommodate around 67000+ professionals, availing offices varying in sizes from 300 sq ft to 25000 sq ft which will have over 4200 diamond merchant offices, all of which will be approximately 4 minutes away from the security gate. It’ll have around 1.5 km walk per floor with overall interconnected walkway being approximately 22 km. It will also embrace in itself Conference halls, Health club, Banquets, and Restaurants for all along with proposed allied facilities for Custom office, Banking Facilities, Diamond-Testing Lab, Auction House, Safe Deposit Vaults and so on, all. All the offices and spaces will be protected through advanced security measures. Also taking care of the connectivity for the travelers, these facilities will be situated only 5 km away from the airport. Such an elaborate project is expected to increase the profitability by leaps and bounces for all the fellow members from the industry, regardless of their capacity.

See also

References

  1. ↑ "Surat ready to shine with global diamond exchange in 3 years | Business Standard News". Business-standard.com. 2017-10-23. Retrieved 2017-11-26.
  2. ↑ "Construction of Surat Diamond Bourse begins | Surat News - Times of India". Timesofindia.indiatimes.com. 2017-10-26. Retrieved 2017-11-26.
  3. ↑ Maulik Pathak. "Surat's diamond industry regains shine after demonetisation blip". Livemint. Retrieved 2017-11-26.
  4. ↑ "Surat Diamond Bourse: Construction of SDB begins | Surat News - Times of India". Timesofindia.indiatimes.com. 2017-02-03. Retrieved 2017-11-26.
  5. ↑ "Surat's Dream City Diamond Bourse's bidding process expected to be complete next month". Moneycontrol.com. 2017-05-17. Retrieved 2017-11-26.
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