Business
05 Apr, 2026
Surat Diamond Bourse to be biggest CVD diamond hub in next two years: Sanghavi
Business To Business, Mumbai, 05 April 2026: Harsh Sanghavi has said that the Surat Diamond Bourse (SDB) is set to emerge as the world’s largest hub for Chemical Vapor Deposition (CVD) diamonds within the next two years.
- SDB is expected to become a major global centre for both lab-grown (CVD) and natural diamonds.
- The diamond trade hub is gradually shifting from Mumbai to Surat due to rapid infrastructure and business expansion.
- Around 1,500 offices are projected to be operational within a year:
- 500 new offices likely to open in the next five months
- Already a global leader in diamond cutting and polishing
- Increasing focus on lab-grown diamonds (CVD), which are gaining popularity worldwide
- Modern infrastructure at SDB attracting traders and exporters
The rapid growth of SDB signals:
- A shift in India’s diamond ecosystem from Mumbai to Surat
- Rising importance of lab-grown diamonds in global markets
- Potential boost to exports, employment, and Gujarat’s economy
If current trends continue, Surat could soon dominate not just processing, but also
trading and distribution in the global diamond industry.