Trading in Diaomnds

sunandaC

New member
Trading

Relationship between Surat and Mumbai has been very close in respect of Diamond trading.

It is a known fact that Mumbai is Diamond trading hub of India. But it is also a real fact that Surat is Diamond Manufacturing and polishing hub of India

Surat diamond business has made its mark not only in India but the whole world.Initially Surat Diamond business was started as cottage industry but later with the growth of economy took shape of major industry.

And started spreading wings out side of Surat. First they setup diamond business in Navsari then eventually Mumbai. And today Surat Diamond Industry is recognized as a world leader in Diamond polishing and exporting.

• Surat Diamond Industry is th largest Cutting and Polishing industry in the world.

• Surat Diamond Industry is estimated to be worth 72000 crore business.

• Every 8 out of 10 diamonds of the world are cut and polished at Surat.

• Surat Diamond Industry has manly small and medium size firms.


• In 1994 95% of Diamond processing work was done In Surat only.

• Workers of Surat Diamonds hails mainly from north Gujarat, called Saurastra.Workers are not only cheap, but they are
highly skilled.

• With Margin drying up in Surat diamond, most of the traders are moving towards Jewellry Business.

• Surat Diamond Industry recently has been facing problem because of increasing price of rough Diamonds about every
three or six months.

• Recently Many bigger companies of Surat Diamond Industry has lost DTC status.And this has added problem in getting rough diamonds for smaller and medium sized firms.

• Diamond is number one business of Surat.Surat is also called 'Diamond City of India'.

• Surat is the production place of Diamond while Mumbai is its main Market. Main areas of Surat Diamond Production are
Varaccha, Katarga and Mahidarpura
 
Trading

Relationship between Surat and Mumbai has been very close in respect of Diamond trading.

It is a known fact that Mumbai is Diamond trading hub of India. But it is also a real fact that Surat is Diamond Manufacturing and polishing hub of India

Surat diamond business has made its mark not only in India but the whole world.Initially Surat Diamond business was started as cottage industry but later with the growth of economy took shape of major industry.

And started spreading wings out side of Surat. First they setup diamond business in Navsari then eventually Mumbai. And today Surat Diamond Industry is recognized as a world leader in Diamond polishing and exporting.

• Surat Diamond Industry is th largest Cutting and Polishing industry in the world.

• Surat Diamond Industry is estimated to be worth 72000 crore business.

• Every 8 out of 10 diamonds of the world are cut and polished at Surat.

• Surat Diamond Industry has manly small and medium size firms.


• In 1994 95% of Diamond processing work was done In Surat only.

• Workers of Surat Diamonds hails mainly from north Gujarat, called Saurastra.Workers are not only cheap, but they are
highly skilled.

• With Margin drying up in Surat diamond, most of the traders are moving towards Jewellry Business.

• Surat Diamond Industry recently has been facing problem because of increasing price of rough Diamonds about every
three or six months.

• Recently Many bigger companies of Surat Diamond Industry has lost DTC status.And this has added problem in getting rough diamonds for smaller and medium sized firms.

• Diamond is number one business of Surat.Surat is also called 'Diamond City of India'.

• Surat is the production place of Diamond while Mumbai is its main Market. Main areas of Surat Diamond Production are
Varaccha, Katarga and Mahidarpura

Hey friend, i am really impressed by your effort and also thanks for sharing the information on Trading in Diaomnds as i need it for my project. Well, i am also uploading a document where you would find some useful information.
 

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