India: More Than 4k Register to Surat Diamond Bourse
The Surat Diamond Bourse (SDB) in India is currently under construction and expected to open later this year. Meanwhile, according to Rough & Polished, Surat “is attracting a large number of diamond traders and professionals working in the industry.”
Approximately 4,350 businessmen and professionals got registered in the SDB and membership in Surat Diamond Association (SDA) also spiked. According to industry leaders mentioned in the piece, “the rise […] is mainly due to the rule that those willing to buy property in SDB were required to have membership in any of the diamond industry bodies.”
In other India-related news, exports of gold jewelry grew 50% year-on-year to $8807.50 million in 2021, according to another report in Rough & Polished.