Asserting that Gujarat plays a crucial role in India’s jewellery landscape, accounting for 72% of the world’s share of processed diamonds, authorities said on 11 December 2023 that the State has a 80% share in the country’s diamond exports, according to a Times of India report.
The State houses over 450 organized jewellery manufacturers, importers, and exporters. Surat, Ahmedabad, and Rajkot have emerged as major clusters, with Surat being a global powerhouse in diamond production.
An estimated 90% of Gujarat’s diamonds are processed in and around Surat, employing over 9 lakh people, giving it the title of ‘Silky City Sparkling with Diamonds.’ Recognizing the changing dynamics of the diamond industry, the state government is actively promoting the lab-grown diamonds (LGD) sector, according to the statement.
Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished
