Inaugurated by Prime Minister Narendra Modi, the Surat Diamond Bourse (SDB) marks a significant milestone in the global diamond trade. Situated in Gujarat, this architectural marvel is set to become a central hub for diamond trading, shifting the focus from Mumbai to Surat, the epicenter of diamond cutting and polishing.
On December 17, Prime Minister Modi unveiled the SDB, now the world’s largest office space in a single project. With a capacity exceeding the Pentagon, the bourse houses 4,200 diamond trading offices, signaling a monumental shift in the industry.
Image: Grand Inauguration Of Surat Diamond Bourse
Construction and Economic Impact
Constructed at a cost of Rs 3400 crore, the SDB spans a 35.54-acre plot. It’s not just a trade center; it’s an economic catalyst projected to create 150,000 new jobs. This development is a significant leap forward for Surat, propelling it to the forefront of the global diamond industry. Explore more about its economic impact of the Surat Diamond Bourse.
Image: GREEN BUILDING CONCEPT at Surat Diamond Bourse
Architectural Marvel and Global Stature
The SDB, a platinum-rated green building, is an epitome of architectural expertise and ecological integrity. With a built-up area of 7.1 million sq. ft, it stands as a testament to sustainable and innovative design, offering an unmatched global presence. The bourse’s design focuses on energy efficiency, natural light, and creating a microclimate for optimal working conditions.
Central Role in the Diamond Market
Transitioning from Mumbai’s Bandra Kurla Complex, the SDB positions Surat as a new global diamond trading nucleus. With facilities for seamless import and export, the bourse is expected to handle over 90% of the world’s finished diamonds, significantly impacting both the Indian and international diamond markets.
Revolutionizing the Diamond Industry
The SDB is not just a trade center; it’s a holistic ecosystem for the diamond industry. With 4,500 networked offices, it provides a one-stop destination for over 65,000 diamond professionals. This consolidation is expected to generate a turnover of over Rs 2 Lakh Crores ($27 Billion Dollars approx.) annually, reshaping the global diamond trade dynamics. Discover the transformative role of SDB in India Briefing’s coverage.
Image: The image depicts the Diamonds Polished in Surat
Conclusion
The Surat Diamond Bourse is more than a building; it’s a landmark in the global diamond trade. With its state-of-the-art facilities, strategic location, and commitment to sustainability, the SDB is poised to become a global hub for diamond trading, promising a brighter future for the industry.
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