Page 21 - March / April 2023 : Diamond Digest Issue

G20 Trade & Investment Working Group Visits the Bharat Diamond Bourse, the Diamond Centre of the World
The Indian diamond industry hosted the Delegates of the G20 Trade & Investment Working Group (TIWG) at the Bharat Diamond Bourse (BDB) recently. The Bharat Diamond Bourse, is the largest diamond bourse in the world that houses more than 2500 offices, spread over an area of 20 Acres / 0.87 Million sq. ft. land in the heart of Mumbai.
The Indian diamond industry is the world leader in cut & polished diamonds, exporting USD 23 billion annually. 14 out of 15 diamonds set in jewellery worldwide are processed in India. India exports diamond and diamond studded jewellery to the entire world, including the United States, Europe, the Middle East, Asia and more.
Under the able leadership of Ministry of Commerce & Industry, the industry has grown leaps and bounds over the last many years. Today with continued support, guidance and pragmatic trade friendly policies by the Government, India has attained leadership position in several gem and jewellery verticals globally. The gem & jewellery exports account a staggering 10% to overall merchandise exports from the country. It is worth noting that the industry consists of more than 85% MSME players, further highlighting its importance to the country’s economy.
The delegates were given a tour of the world-class facilities within Bharat Diamond Bourse premises, including the offices of the Mumbai Diamond Merchants’ Association (MDMA), India Diamond Trading Centre (IDTC), the Gem & Jewellery Export Promotion Council 21 • Diamond Digest • March - April. • 2023