Surat: Direct export and import from Surat Diamond Bourse (SDB) will be possible now, as the Government of India has given all approvals for functioning of a 40,000 square ft custom house here. This will result into savings for diamond traders on angadiya (courier) costs in the range of 10 to 15 percent per parcel of diamonds. As many as 250 offices have started functioning in the bourse from July 7th, but export-import didn't become possible due to lack of the clearance. Now all permissions...Read More

Surat: The Surat Municipal Corporation (SMC) will be running four additional buses to the Surat Diamond Bourse (SDB) located in the Khajod area. These buses will commence operation from Ashadi Beej on July 7th, running from Varachha and Katargam to the SDB. The administrators of the Diamond Bourse are working to make the SDB thrive, and this decision from the SMC aims to support these efforts. Deputy Commissioner Rajendra Kumar stated that it is in everyone's interest to make the Diamond B...Read More

Surat: Govindbhai Dholakiya has been unanimously selected as Chairman of Surat Diamond Bourse (SDB). With this the old committee of SDB will be replaced with a new body. Rs. 3700 crore SDB was earlier chaired by Kiran Gems owner Vallabh Lakhani. In a meeting of SDB's governing committee, it was decided to appoint Govindbhai Dholakiya of SRK diamonds as new Chairman of SDB. Govindbhai is also recently elected for six years as Rajya Sabha member of ruling Bharatiya Janata Party(BJP). DeshGujaratRead More

Surat: The Prime Minister, Shri Narendra Modi inaugurated the Surat Diamond Bourse today in Surat, Gujarat. Before the program, the Prime Minister also visited Panchtatva Garden, viewed the Green Building of Surat Diamond Bourse & SPINE-4, and signed the visitor booklet. Earlier in the day, the Prime Minister had also inaugurated the new terminal building at Surat Airport. Addressing the gathering, the Prime Minister remarked that a new diamond has been added to the magnificence of Surat ci...Read More

Surat: Surat Diamond Bourse (SDB) which will be inaugurated tomorrow, stands as the largest office building globally. Spanning over 7.1 million square feet, the SDB surpasses the Pentagon to become the world's largest office building, redefining the landscape of office structures and establishing new benchmarks for sustainability. Key Highlights: 1. Unprecedented Scale and Unity: The Surat Diamond Bourse brings together a vast community by consolidating cutting, polishing, and trading activi...Read More

Surat: The Gujarat High Court has stayed the lower court order against Surat Diamond Bourse(SDB). Construction giant PSP company had moved a local court against SDB over claims of Rs. 538 crore pending payment under Arbitration and Conciliation Act section-9. The local court had given relief to PSP company and asked SDB to deposit Rs. 100 crore bank guarantee. However SDB management moved the Gujarat High Court against lower court order, following which, the High Court has stayed the lower cou...Read More

Gandhinagar: Ahmedabad headquartered PSP Projects Ltd has moved court for its claim of pending payment of Rs. over Rs. 500 crore from Surat Diamond Bourse(SDB). The company has put a note regarding this on its website and informed that the district court has in its order this week has directed SDB to furnish Rs. 100 crores bank guarantee within a week. The company in its note stated: 'We wish to bring to the attention of stakeholders of the company that the project was already running delayed...Read More

Surat: The Surat Diamond Bourse (SDB), the world's largest office complex spanning 68,17,050 sq ft with a total of 4,200 offices, now boasts its dedicated customs house. The central government has allocated a custom clearance house specifically for SDB. Dinesh Navadiya, chairman of the customs committee of SDB, remarked, "Following our request to the finance minister to facilitate import-export operations, we have been granted India's largest custom clearance house, initially staffed with 11 ...Read More

Surat: Over 135 diamond companies, including 26 from Mumbai, are inaugurating their offices at Surat Diamond Bourse (SDB) today. This adds to the presence of 983 diamond merchants who established their shops at SDB on Dussehra. On Monday, the State Bank of India also commenced operations at the bourse. Traders express optimism that business will gain momentum once SDB, set to be inaugurated on December 17, achieves full operational status. Dinesh Navadia, SDB's media convenor said, “In the ...Read More