Surat Diamond Bourse A NEW BEACON IN THE DIAMOND INDUSTRY

The SDB, spread over 35.5 acres of land, with nine towers and 4,500 offices is set to generate 1.5 lakh jobs and help achieve the Government's export targets for the gem and jewellery sector

India’s Prime Minister Narendra Modi inaugurated the Surat Diamond Bourse (SDB) on December 17, 2023, marking a new milestone in the role of Surat in the global diamond and jewellery trade.

The SDB, spread over 35.5 acres of land, has nine towers with 4,500 offices that can accommodate over 67,000 traders. The SDB also boasts a green building that can save up to 50% of energy and water, a Spine-4 structure that can withstand strong earthquakes, and a Panchtatva garden that showcases the five elements of nature.

During his address, the Prime Minister hailed the SDB as a world-class facility that adds a unique gem to the city’s grandeur. He lauded the vision of SDB Chairman, Vallabhbhai Lakhani and Laljibhai Patel of Dharmanandan Diamond Ltd., emphasising their inclusive approach in achieving this monumental feat. Modi expressed confidence that SDB would now stand proudly alongside global counterparts in discussions about diamond trading hubs.

The event was attended by prominent figures, including Governor of Gujarat Acharya Devvrat, Chief Minister of Gujarat Bhupendra Patel, Union ministers Mansukh Mandaviya and Purshottam Rupala, and veteran diamantaires Govindbhai Dholakia and Sevantibhai Shah.

Highlighting the significance of the new facility, the Prime Minister stated, “Surat Diamond Bourse showcases the abilities of Indian designs, designers, materials, and concepts. This building is a symbol of New India’s capabilities and resolutions.” He congratulated the entire diamond industry and the people of Surat, Gujarat, and India on this momentous occasion.