Surat: Diamantaires in the world’s largest diamond cutting and polishing centre are upbeat about flying to international destinations directly from the city following the central government designating Surat airport as an authorised immigration check-post.
Industry sources said that the Air India Express’s plan to connect Surat directly with Sharjah will further boost the diamond trade with the world’s second largest diamond centre in Dubai.
About 80% of the diamantaires, including small, medium and big ones take flights from Mumbai to Sharjah and Dubai to participate in the rough diamond auctions by leading diamond mining companies. The travel time from Surat to Sharjah and Dubai will be reduced drastically by almost 10 hours as diamantaires find direct flights to their destinations from Surat.
For diamond traders and jewellery makers over the world, Dubai remains an important trade centre for pearls. But, of late, a growing portion of trade in rough diamonds is getting shifted from the Belgian port city of Antwerp to Dubai, a constituent of the United Arab Emirates (UAE).
Earlier, the rough diamond cutting and polishing business had moved from Antwerp to Surat in Gujarat and a few other places, due to cost considerations. Now, in the last couple of years, Dubai has emerged as the second biggest market for rough diamond trading, with many Indian diamond companies and leading export houses setting up offices at the Dubai Multi Commodity Centre (DMCC).
23/06/18 Times of India
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Industry sources said that the Air India Express’s plan to connect Surat directly with Sharjah will further boost the diamond trade with the world’s second largest diamond centre in Dubai.
About 80% of the diamantaires, including small, medium and big ones take flights from Mumbai to Sharjah and Dubai to participate in the rough diamond auctions by leading diamond mining companies. The travel time from Surat to Sharjah and Dubai will be reduced drastically by almost 10 hours as diamantaires find direct flights to their destinations from Surat.
For diamond traders and jewellery makers over the world, Dubai remains an important trade centre for pearls. But, of late, a growing portion of trade in rough diamonds is getting shifted from the Belgian port city of Antwerp to Dubai, a constituent of the United Arab Emirates (UAE).
Earlier, the rough diamond cutting and polishing business had moved from Antwerp to Surat in Gujarat and a few other places, due to cost considerations. Now, in the last couple of years, Dubai has emerged as the second biggest market for rough diamond trading, with many Indian diamond companies and leading export houses setting up offices at the Dubai Multi Commodity Centre (DMCC).
23/06/18 Times of India
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