PM Modi inaugurates World's Largest Diamond Bourse in Surat

Prime Minister Narendra Modi recently unveiled the Surat Diamond Bourse in Gujarat, hailing it as the largest office building globally. During the inauguration, he emphasized the significance of the trade center in the diamond industry. "Revolutionized the diamond industry, enhancing India's global presence in gem trade". It will also boost the local economy and provide employment, he further said.

"Today marks a special milestone with the inauguration of the Surat Diamond Bourse. This world-class hub is set to revolutionize the diamond industry, enhancing India's global presence in gem trade while boosting local economy and employment", Modi wrote on X.

Previously, the Prime Minister's Office (PMO) announced that the Surat Diamond Bourse is set to become the largest and most advanced hub for the global diamond and jewelry industry. According to the statement, the facility will serve as a worldwide focal point for the trade of both rough and polished diamonds, along with jewelry.

It will comprise a state-of-the-art 'Customs Clearance House' for import and export, a jewellery mall for the retail jewellery business and a facility for international banking and safe vaults. In August, the building, which is part of the Diamond Research and Mercantile (DREAM) City, was recognized by the Guinness World Records as the largest office building in the world.

The construction of the Surat Diamond Bourse started in February 2015 and finished in 2022. Built at a cost of approximately Rs 3,500 crore, the building spans 67 lakh square feet of floor space and has the capacity to house nearly 4,500 diamond trading offices.

Constructed on a 35.54-acre plot, the massive structure comprises nine ground towers and 15 floors, offering office spaces ranging from 300 sq ft to 1 lakh sq ft. These nine rectangular towers are linked by a central spine. Noteworthy is the platinum ranking accorded by the Indian Green Building Council (IGBC) to this building. It is noteworthy that Vallabhbhai Lakhani, a billionaire diamond trader and the Director of Kiran Gems, has relocated his Rs 17,000-crore business to the Diamond Bourse. Additionally, he is overseeing the development of a mini-township to accommodate his employees.