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PM Narendra Modi inaugurates Surat Diamond Bourse

SDB to enhance India’s global presence in diamond trade; will boost local economy and employment

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Prime Minister Narendra Modi inaugurated the Surat Diamond Bourse on Dec 17, 2023. He said SDB will “revolutionise 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 revolutionise the diamond industry, enhancing India’s global presence in gem trade while boosting local economy and employment,” Modi wrote on X. PM Modi speaking at inauguration said “Surat diamond industry giving employment to 8 lakh people; with the coming up of new diamond bourse, 1.5 lakh more will get jobs”.

In August, the building, which is part of the Diamond Research and Mercantile (DREAM) City, was recognised by the Guinness World Records as the largest office building in the world Surat Diamond Bourse will be the world’s largest and modern centre for the international diamond and jewellery business. The building will be a global centre for trading of both rough and polished diamonds as well as jewellery, the statement added.

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JB Insights

Devotion, Heritage & Diversification: The defining trends of SSI Delhi’s 3rd Edition

From sacred artistry to lifestyle-driven expansion, how top exhibitors bridged timeless tradition with modern market demand.

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Spirituality as a design anchor

Devotional and spiritual artistry emerged as the single strongest thread of the show. Ricchezza’s Idols Collection, SILORA’s Shrinathji timepiece, Purple Jewels’ Balaji idols and Shiva Lingam, and Anmol Jewellers’ extensive range of silver and gold idols (Vishwarupa, Panchmukhi Hanuman, Ram Parivaar, and more) together show that sacred and devotional pieces are no longer a niche category but a mainstream, premium-positioned offering across exhibitors.

Antique, oxidized and heritage finishes

SILORA’s glorious Antique Finish Collection and Oxidized Silver Jewellery reflect a broader pull toward deep patina, folk-tribal textures, and traditional Indian artistry — a counterpoint to high-polish contemporary pieces and a signal that heritage aesthetics remain commercially strong.

Rose gold’s continued momentum

Rose gold surfaced across multiple product types — not just jewellery but also timepieces — as seen in SILORA’s Luxe Rose Gold Finish Jewellery and rose-gold-finished watches, reinforcing its position as a staple modern finish rather than a passing trend.

Category expansion beyond traditional jewellery

Exhibitors are widening their range beyond rings, chains, and bangles. Ricchezza’s Anamitra line targets infants, while SILORA’s Exclusive Timepieces extend a jewellery brand into horology — both pointing to lifestyle-driven diversification as a growth strategy.

Gender-Specific Design Lines

Distinct masculine and feminine lines were a notable feature, exemplified by Ricchezza’s Cuban Collection (bold, masculine) alongside Tixty (chic, feminine) — indicating that targeted, gender-specific collections continue to be a deliberate merchandising strategy rather than a one-size-fits-all approach.

Mastery in Silver Artefacts and Idols

Both Purple Jewels and Anmol Jewellers demonstrated the depth of skill in silver idol-making, from the Saptashwa Vase’s mythological detailing to the technical complexity of Vishwarupa and Panchmukhi Hanuman forms, underscoring silver artefacts as a distinct and thriving craft category alongside wearable jewellery.

Balancing tradition and modernity

Taken together, the exhibitors at the 3rd edition of SSI Delhi painted a picture of an industry balancing tradition and modernity — where antique finishes and devotional artistry sit comfortably alongside rose gold sophistication, gender-targeted lines, and category extensions such as infant jewellery and timepieces. This blend of heritage craftsmanship and contemporary lifestyle relevance appears to be the defining character of the show.

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