Prime Minister Narendra Modi on Sunday inaugurated the Surat Diamond Bourse, the world's largest and most advanced center for international diamond and jewelry business. With a huge infrastructure designed for trading both rough and polished diamonds, as well as jewelry, the bourse is poised to redefine Gujarat's role as a global hub for the industry.
#WATCH | Gujarat: Prime Minister Narendra Modi inaugurates the Surat Diamond Bourse.
— ANI (@ANI) December 17, 2023
It will be the world’s largest and modern centre for international diamond and jewellery business. It will be a global centre for trading both rough and polished diamonds as well as jewellery.… pic.twitter.com/itJi0jlKBI
Earlier PM Modi also inaugurated the new Integrated Terminal Building of Surat Airport and also held a road show.
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The Diamond Bourse encompasses over 4,500 networked offices, making it the largest interconnected building globally. Its office block, functioning as the nation's largest customs clearing house, surpasses even the size of the US Pentagon.
The state-of-the-art facility, constructed for Rs 3400 crore on a 35.54-acre plot, includes a revolutionary 'Customs Clearance House' for seamless import and export operations. A dedicated jewelry mall caters to retail jewelry businesses, offering a platform for industry growth.
Additionally, the facility houses an International Banking center and Safe Vaults, enhancing financial security within the bourse.
With a capacity to accommodate 4,200 traders from 175 countries, the Surat Diamond Bourse aims to be a "one-stop destination" for over 65,000 diamond professionals, including cutters, polishers, and traders.
The expansive complex features a recreational zone and parking area spanning 20 lakh square feet, with landscaping inspired by the five elements - Panchtatva, according to the SDB website.
The inauguration marks a significant leap for Gujarat in the global diamond and jewelry market, positioning Surat Diamond Bourse as a pivotal player on the international stage. The facility is set to attract professionals from across the globe, solidifying India's standing as a powerhouse in the intricate realm of the diamond and jewelry trade.