JB Insights
CARATS 2025 Glitters with Glamour, Grandeur, and Global Appeal
Surat Diamond Expo, organized by Surat Diamond Association (SDA) from July 11 to 13, 2025, at the prestigious Avadh Utopia, concluded on an exceptionally high note. The event witnessed remarkable participation and enthusiasm from industry stakeholders, culminating in trade transactions surpassing INR 100 crore. This impressive milestone reaffirmed the expo’s growing stature as a premier B2B platform for diamonds in India.



Amid a challenging international market environment, the event stood out for its robust participation and vibrant energy. A total of 73 exhibitors, mainly from Surat and Mumbai, presented an extensive range of offerings, from loose polished diamonds (both natural and lab-grown) to diamond-studded jewellery and the latest in gem-cutting technology.
The event drew a global audience, with overseas visitors flying in from the USA, Russia, Ukraine, Dubai, and other regions, while domestic buyers came from key cities including Jaipur, Mumbai, Kolkata, Chandigarh, Amritsar, Delhi, Ahmedabad, Bengaluru, Thrissur, Telangana, Chennai, Hyderabad and Kochi. The expo welcomed more than 30 foreign buyers and saw footfalls cross 6500 visitors over a period of the 3 days, setting a new benchmark for B2B engagement in the sector.

The exhibition was inaugurated by the Hon’ble Mayor of Surat, Daxesh Mavani, in the esteemed presence of Chairman of Surat Diamond Bourse, Govindbhai Dholakia. Both dignitaries commended Surat’s pivotal role in the global diamond trade and lauded its immense potential to emerge as an international hub for the diamond industry. They deeply appreciated the thoughtfully designed booth, taking keen interest in the wide array of diamonds showcased.



The following two days witnessed the esteemed presence of Hon’ble Home Minister of Gujarat, Harsh Sanghavi, along with prominent diamantaires Nagjibhai Sakariya, Vice President of Surat Diamond Bourse, and Laljibhai Patel, Vice Chairman of Surat Diamond Bourse along with Ghanshyambhai Shankar, owner of Shivam Jewels and the esteemed title sponsor of the event. The quality, craftsmanship, and presentation left a lasting impression on them, and they commended the exhibitors for their dedication to excellence and innovation in the diamond industry. Their encouraging words served as a great motivation for all participants, further validating the efforts put into curating a world-class display.



Surat City Police Commissioner, Anupam Singh Gehlot, and District Collector, Dr. Sourabh Pardhi, graced the event with their esteemed presence, lending prestige and importance to the occasion. Their visit not only reflected the administration’s strong support for the diamond industry but also underscored Surat’s progressive approach to fostering collaboration between governance and trade. It highlighted a shared commitment to economic growth, ethical practices, and strengthening the city’s global standing in the diamond sector.

Also in attendance was Arvindbhai Dhanera, Director of Dhanera Diamonds India Private Limited, a distinguished and influential figure in the diamond sector. With decades of contribution to the trade, particularly in Surat and Mumbai, his presence underscored the exhibition’s credibility and its relevance to industry leaders.

The Convener of the show, Vinod Dabhi, expressed immense happiness and satisfaction over the resounding success of the event, acknowledging the overwhelming response from exhibitors, buyers, and dignitaries alike. He emphasized that the collective efforts of the team had truly borne fruit.
Co-Conveners, Chandrakant Tejani, Jayesh Patel, Damjibhai Mavani and Natubhai Jasani also shared their pride and joy, stating that the months of hard work, planning, and coordination had culminated in a highly impactful and well-received exhibition.
Jagdish Khunt, President of SDA, Vice-President Gourav Sethi, Secretary Dhirubhai Savani, Treasurer Shantibhai Dhanani, and Joint Secretary Jasmatbhai Vaghani expressed their satisfaction with the event’s turnout and commercial success. They shared that exhibitor response was overwhelmingly positive and hinted at the possibility of expanding the event to a biannual format, driven by strong demand and industry enthusiasm.

With over 700,000 skilled artisans employed across 5,000+ units, Surat continues to reinforce its stature as the world’s foremost hub for diamond cutting and polishing. As market dynamics shift and evolve events like CARATS remain crucial in fostering trade relationships, encouraging innovation, and supporting industry resilience.
JB Insights
CIBIL Score Plays A Key Role In Festive Financing
A Consumer’s CIBIL Score and Report Play A Decisive Role In Determining Loan Eligibility, Interest Rates, and Overall Borrowing Terms During High-Spending Seasons.
Gold in India is more than just a precious metal; it represents tradition, emotion, and long-term financial security. As major celebrations such as Dhanteras, Diwali, and the upcoming wedding season approach, consumer demand for gold reaches its annual peak.
However, with gold prices rising due to both global macroeconomic pressures and heightened domestic demand, an increasing number of buyers are turning to credit options—specifically gold loans and personal loans—to finance their festive purchases.
In light of these market dynamics, maintaining awareness of one’s financial profile is critical.
A consumer’s CIBIL Score and Report play a decisive role in determining loan eligibility, interest rates, and overall borrowing terms during high-spending seasons.
The Mechanics Behind Festive Gold Price Surges
Gold prices do not move in isolation. The seasonal increase in retail price is driven by a combination of key domestic and international factors:
Global Economic Uncertainty: International market volatility frequently drives capital into gold as a traditional safe-haven asset.
Macroeconomic Indicators: Currency fluctuations and persistent inflation impact local procurement costs.
Domestic Seasonal Demand: Concentrated buying during auspicious cultural dates creates short-term supply-demand imbalances, further driving up retail costs.
The Strategic Role of Your CIBIL Score in Festive Financing
When household budgets face pressure during peak shopping periods, credit-based financing offers immediate liquidity. Whether securing an uncollateralized personal loan or a loan against existing gold holdings, financial institutions rely heavily on credit risk assessments.
The CIBIL Score—a 3-digit numerical summary ranging from 300 to 900—serves as the primary benchmark for creditworthiness:
Approval Probability: A high CIBIL Score significantly increases the likelihood of quick loan sanctioning.
Cost of Capital: Lenders offer competitive, lower interest rates to high-scoring applicants, reducing total borrowing costs.
Flexible Repayment Structure: Favorable credit profiles grant borrowers stronger leverage to negotiate manageable tenure options.
Best Practices for Smart Festive Borrowing
To enjoy festive celebrations without compromising long-term financial stability, consumers are advised to adopt responsible borrowing strategies:
Check Credit Reports Early: Review your CIBIL Report prior to applying for financing to resolve any discrepancies or evaluate your standing.
Borrow Within Limits: Limit loan amounts strictly to what can be comfortably serviced within monthly household budgets.
Maintain Timely Repayments: Ensure all equated monthly installments (EMIs) are paid on time to avoid negative marks on your credit profile.
By pairing festive financial planning with active credit monitoring, consumers can meet their cultural commitments while preserving robust financial health for the future.
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