Bharat Diamond Bourse inauguration at Bandra Kurla Complex on Dusserah day


The World's largest diamond bourse, Bharat Diamond Bourse (BDB) opens in Mumbai's prestigious business district of Bandra Kurla Complex on the Dusserah Day, October 17, 2010. This fulfills the dream of shifting the diamond market from South Mumbai to the business district of Bandra Kurla Complex and enable many exporters to shift their offices to the new location by December this year

The World's largest diamond bourse, Bharat Diamond Bourse (BDB) opens in Mumbai's prestigious business district of Bandra Kurla Complex on the Dusserah Day, October 17, 2010. This fulfills the dream of shifting the diamond market from South Mumbai to the business district of Bandra Kurla Complex and enable many exporters to shift their offices to the new location by December this year

With the inauguration of the bourse, India shifts its status from manufacturing to trading hub Bourse. The bourse is spread over an area of over 20 acres with nine inter linked 9 storey towers. The cost of the project is 200 million USD or Rs 1100 crores.

According to Anoop Mehta, President of BDB "The objective is to establish necessary infrastructure facilities for the promotion of diamonds, diamond jewelery from India and provide all support and service facilities to the traders, importers, exporters and other stakeholders. India's diamond processing industry accounts for 70-75 percent of total diamond exports and employs 850,000 people, making it the largest cutting center by value and number of employees.

"All top 400 exporters are over here (at the bourse), which accounts for 90 percent of the turnover," We expect diamond traders from Israel and Belgium to start trading over here." " said Mehta.

The Bourse which has been incorporated by a group of diamond exporters in 1984. expects turnover to rise 10 – 15 percent annually for next five years.
Currently, India's turnover of $27-28 billion is likely to grow substantially on higher participation from diamond traders across the globe.

The diamond industry is one of the fastest growing business in the world. India is the leading exporter in every aspect of the diamond trade from polishing, carats, export turnover , whether it be the number of pieces manufactured, maximum carats being exported and highest volumes, according to Mehta. He further added that "India is a major diamond manufacturing center with 11 out of 12 diamonds in the world being cut, polished and processed here. The BDB will ultimately help make India an international trading center for gems and jewelery and take the step towards creating a Brand India in the world of diamonds."


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