Bharat Diamond Bourse (BDB)—has been inaugurated in Mumbai recently to facilitate diamond exports from the country. This development holds immense significance for the numerous SMEs in the diamond industry because BDB, the diamond hub- will seek to offer advanced infrastructural facilities to SME-based traders, exporters and importers of diamond.
“The Indian diamond industry is one of the biggest in the world. BDB, which has been built lavishly on a large-scale, will seek to help SMEs in the industry by giving them a better platform to trade their diamond products,” according to Pankaj Parekh, chairman of the Gem and Jewellery Export Promotion Council (eastern region) to a Bizxchange correspondent.
The trading hub, which is expected to become operational in a few months, is likely to attract more foreign diamond traders to India. This development spells well for SMEs in this sector which would stand to gain from increased exports.