Surat: Gujarat Deputy Chief Minister Harsh Sanghvi on Sunday expressed confidence that the Surat Diamond Bourse (SDB) will emerge as a global hub for lab-grown diamond trading, calling it a milestone for the city’s diamond industry. Speaking at a felicitation function organized by over 250 diamond traders at SDB — the world’s largest commercial building — Sanghvi praised the rapid growth of the bourse and the entrepreneurial spirit of traders. Highlighting the pace of development, ...Read More

Surat: In a significant development for the diamond industry, rough diamond traders have decided to centralize import and trading activities at the Surat Diamond Bourse (SDB). A meeting of rough diamond traders was held on April 2, 2026, at the Surat Diamond Bourse, where it was unanimously resolved that all traders will now carry out imports and trade rough diamonds exclusively through SDB. The move aims to consolidate trading operations at a single, secure, and efficient location. During...Read More

Surat: Amid ongoing efforts to develop the Surat Diamond Bourse (SDB) into a vibrant trading hub, fresh data indicates a significant rise in import-export activity at its Customs Office during the financial year 2025–26. According to official figures, a total of 5,088 parcels were handled during the year, with transactions valued at approximately ₹42,636 crore, largely driven by imports. Of this, imports accounted for 4,160 parcels comprising 512.75 lakh carats of rough diamonds and lab-gro...Read More

Surat: The ongoing conflict in West Asia, which has disrupted international trade, may benefit Surat’s diamond industry, with global companies shifting auction activities to the city. Dubai-based Stargems Group has moved its rough diamond auction to the Surat Diamond Bourse (SDB), officials said. A seven-day pre-auction exhibition began on Tuesday at the Gems and Jewellery Export Promotion Council (GJEPC) office at SDB, where rough diamonds worth over ₹350 crore are being displayed for tr...Read More

Surat: Business activity at the Surat Diamond Bourse (SDB) is witnessing a steady rise, with claims that around 250 offices have now become operational within the sprawling complex. Out of the total 4,000 offices at SDB, nearly 100 new traders reportedly commenced operations on February 18, adding to the previously functional 150 offices. This has taken the total number of active offices to approximately 250, signaling renewed momentum in the diamond trading ecosystem. Brokers Form Associati...Read More

Surat: In a renewed effort to make the Surat Diamond Bourse (SDB) fully functional, authorities have announced a fresh deadline for the relocation of leading diamond traders from Mahidharpura. Deputy Chief Minister Harsh Sanghavi on Saturday held discussions with around 45 diamond traders from Mahidharpura, during which it was agreed that operations would shift to the SDB from February 18. Earlier this week, a separate meeting was also conducted with another group of traders to deliberate on th...Read More

Surat: The Maharashtra Government is developing a 21.3-acre Diamond and Jewellery Park in the Mahape industrial area, in collaboration with the Gem and Jewellery Export Promotion Council (GJEPC), under a Special Purpose Vehicle (SPV) model. As the existing Bharat Diamond Bourse in Mumbai is running out of capacity, the new India Jewellery Park is being constructed to accommodate 2,000 new offices and manufacturing units. If this project in Mumbai is completed on time, the future of the Surat-ba...Read More

Surat: Mahesh Gadhvi, who played a key role in establishing the Surat Diamond Bourse (SDB) as its CEO, has resigned from his position. Surat Diamond Bourse Committee Vice President and Spokesperson Laljibhai Patel told the media that Gadhvi had previously been involved in the Kiran Hospital project and was later appointed CEO of SDB due to his strong performance. “Being an expert in the construction industry, he had been requesting to return to his preferred profession for the past year. He v...Read More