The Diamond Bourse holds the distinction of being the world s largest interconnected building, comprising over 4,500 interconnected offices. Surpassing the size of the Pentagon, this office building also stands as the largest customs clearance house in the country.
India exports gems and jewellery to the US, Hong Kong, UAE, UK, Belgium, Israel, Thailand, Japan, Singapore and other countries. The business has been hit after the US imposed sanctions on the Alrosa mines following the Russia-Ukraine war last year, which reduced import of rough diamonds from this major source.
Surat’s diamond industry which survived the 2008 recession was just recovering from the Covid-19 aftermath when the Russia-Ukraine war broke out, impacting not only the market but also the production.
Surat’s diamond industry which survived the 2008 recession was just recovering from the Covid-19 aftermath when the Russia-Ukraine war broke out, impacting not only the market but also the production.
The delegation rolled out the red carpet at a meeting with the Gems and Jewellery Export Promotion Council (GJEPC) at its Surat office on Tuesday, offering space in its free trade zone and easing out visa hassles.