Sanghvi Hails Surat Diamond Bourse Growth

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.

Highlighting the pace of development, he noted that while only five offices became operational in 15 years at Mumbai’s Bharat Diamond Bourse, more than 250 offices have started functioning at SDB within just two years. He added that this number is expected to reach 1,000 in the next year. Sanghvi said Surat is steadily positioning itself as a global diamond trading hub, especially for lab-grown diamonds, with a large number of manufacturers likely to shift operations to SDB.

He also emphasised that over 90% of the world’s rough diamonds now arrive directly, and that major international tenders, which earlier took place in Dubai, Russia, Israel, and Belgium, are increasingly being conducted in Surat. In the past 15 days alone, three major tenders, including one by an Israeli company, were held at SDB. “This will save both time and travel costs for 2,000–2,500 traders who earlier had to travel abroad every month,” he said.

During the event, Sanghvi interacted with traders, urged unity within the industry, and called for collective efforts to strengthen Surat’s global identity. He also announced a dedicated bus service for traders and brokers from Navsari and instructed authorities to set up affordable sattvic food facilities at SDB for small traders and brokers.