The Air India Express moves comes in the wake of persistent demand by the Surat diamond traders to link Surat with Dubai to boost trade in diamond | Latest News India
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
As the sector grew exponentially, diamond traders first moved into Prasad Chambers, and eventually in 1975 into its exclusive building of Pancharatna | Mumbai news