The Bharat Diamond Week 5th edition organised by the Bharat Diamond Bourse, the world's largest Diamond Exchange is preparing to welcome Premium Buyer delegations from various economies and International VIP visitors.
BDB office-bearers have questioned the necessity of establishing a bourse in Surat. They have argued that Surat already houses 10,000 diamond offices in established hubs of Varachha, Mahidhapura, and Katargam
Surat: A war of words between the bosses of Surat Diamond Bourse (SDB) and Bharat Diamond Bourse (BDB) has sparked controversy in the diamond industry.
The Surat Diamond Bourse (SDB), a major diamond trading center in Surat, India, is facing challenges as the diamond trade suffers a downturn. The bourse, which is set to open this year, is hoping to attract diamond traders from Mumbai, but the industry s slump has made moving into a new facility less appealing. Additionally, there are concerns about Surat s ability to compete with Mumbai as a trading hub, as Mumbai offers more social capital and connectivity to foreign clients. The diamond trade has been hit hard by the recession in the US, the conflict between Russia and Ukraine, and new taxes imposed in Belgium and Dubai. | Mumbai news
As the sector grew exponentially, diamond traders first moved into Prasad Chambers, and eventually in 1975 into its exclusive building of Pancharatna | Mumbai news