Surat Diamond Bourse Inauguration and Impact

The biggest news surrounding the Surat Diamond Bourse (SDB) right now is its official inauguration by Prime Minister Narendra Modi today, December 17th, 2023!

Here are some key highlights:

World’s largest office space: The SDB boasts a massive 67 lakh square feet of floor space, housing nearly 4,500 diamond trading offices, making it the world’s largest office building in a single project.

Boost to Surat’s diamond industry: The SDB is expected to significantly boost Surat’s diamond industry, potentially doubling its business to ₹4 lakh crore from the current ₹2 lakh crore. This will further solidify Surat’s position as a global diamond polishing and trading hub. ✨

Improved infrastructure: The DREAM City Company plans to invest ₹104 crore in developing infrastructure around the SDB, including connecting it to the Outer Ring Road project. This will enhance accessibility and facilitate efficient business operations.

Direct buyers from 134 countries: With the SDB operational, buyers from 134 countries can now directly purchase diamonds from Surat, streamlining the supply chain and potentially impacting diamond prices positively.

In addition to these major announcements, you can find more specific news and updates on the SDB’s official website:

I hope this summary gives you a good overview of the latest news surrounding the Surat Diamond Bourse. Please let me know if you’d like to know more about any specific aspect of the project!

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