Prime Minister Narendra Modi recently inaugurated the Surat Diamond Bourse, an extraordinary development set to transform the international diamond and jewelry business. Here are some fascinating facts about this monumental project:
1. Global Hub for Diamond Trade:
- Surat Diamond Bourse is positioned to be the world’s largest center for the trading of both rough and polished diamonds, as well as jewelry. It aspires to become a global hub, centralizing various facets of the diamond industry.
2. Comprehensive Facilities:
- The bourse boasts a range of facilities, including a Customs Clearance House for Import-Export, a jewelry mall dedicated to retail business, and state-of-the-art International banking services. Additionally, secure vaults are provided to ensure the safety of valuable assets.
3. Massive Infrastructure:
- Housing a staggering 4,500 offices and featuring over 130 elevators, the bourse is a colossal structure with a total passage exceeding an impressive 22 kilometers. It is a testament to modern infrastructure designed to accommodate the diverse needs of the diamond and jewelry community.
4. Diamond Processing Capital:
- Surat, often referred to as the diamond city, processes approximately 90% of the world’s rough diamonds before they reach global markets such as the US and China. The Surat Diamond Bourse aims to enhance and centralize these crucial processing activities.
5. Project Cost:
- The ambitious Surat Diamond Bourse comes with a hefty price tag, pegged at over Rs 3,200 crore. This significant investment reflects the commitment to creating a world-class facility that will revolutionize the diamond industry.
6. Strategic Location:
- Spread across 35.54 acres, the bourse is strategically located within the Diamond Research and Mercantile City—an 810-hectare business district in Surat. Modeled after the successful Gujarat International Finance Tec-City (Gift City), its strategic positioning aims to enhance business efficiency.
7. Nine Tower Marvel:
- The Surat Diamond Bourse comprises nine impressive 15-story towers, each housing a multitude of offices. This architectural marvel symbolizes a collective effort to establish a thriving diamond trade ecosystem.
Inaugurating the Surat Diamond Bourse marks a significant milestone in the global diamond and jewelry industry. As it takes center stage, this monumental project is poised to redefine the way diamonds are processed, traded, and valued on the international stage.
