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Surat Diamond Industry is th largest Cutting and Polishing industry in the world. |
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Surat Diamond Industry is estimated to be worth 72000 crore business. |
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Every 8 out of 10 diamonds of the world are cut and polished at Surat. |
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Surat Diamond Industry has manly small and medium size firms. |
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In 1994 95% of Diamond processing work was done In Surat only. |
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Workers of Surat Diamonds hails mainly from north Gujarat, called Saurastra.Workers are not only cheap, but they are highly skilled. |
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With Margin drying up in Surat diamond, most of the traders are moving towards Jewellry Business. |
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Surat Diamond Industry recently has been facing problem because of increasing price of rough Diamonds about every three or six months. |
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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. |
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Diamond is number one business of Surat.Surat is also called 'Diamond City of India'. |
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Surat is the production place of Diamond while Mumbai is its main Market. |
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Main areas of Surat Diamond Production are Varaccha, Katarga and Mahidarpura. |
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