Musings 'n scribblings of a philanthrope ..
A train of thoughts and writings on development, technology and the economy focusing on the socio-techno-economic-cultural surge of developing economies to regain and partake in leadership of the world. Written by George Easaw, member of the faculty of Business Administration of Allliance University, Bangalore, India. (This is purely an academic site, no commercial use is allowed. Photography rights lie with the respective organisations). Mention credits as needed.
Monday, September 14, 2026
Saturday, September 12, 2026
Surat - worlds largest diamond processing center
Surat as the world's diamond-cutting capital
Surat cuts and polishes roughly nearly 90% of the diamonds globally, in an industry running on around 5,000 units employing upwards of 600,000 people. Other estimates put the figure even higher — 90% of all diamond cutting and polishing on the planet takes place in Surat, and older reports cite figures as high as 92 percent of the world's diamonds cut and polished in Surat. Either way, roughly 9 or 10 out of every 10 diamonds worn anywhere in the world passed through Surat's workshops.
**How it works**
- India itself mines no significant rough diamonds — the raw stones arrive mostly from mines in Africa (and Russia), get shipped to Surat, and are cut, polished, and finished there before moving on to cutting centers like Antwerp, Israel, or Hong Kong for final trading and export as jewelry.
- The industry is built on skilled, low-cost labor — small karigars (artisans) trained in generations-old cutting techniques working alongside modern computerized planning and laser-cutting technology, which lets Surat handle both mass-market small stones and high-value pieces at scale.
- Diamond bourses and the massive Surat Diamond Bourse (one of the world's largest office complexes, built to consolidate the trade under one roof) anchor the formal trading side of the business.
**Economic significance**
- The cutting and polishing of diamonds for the global middle class has helped create close to 500,000 jobs in the city — a scale nearly half as large as India's entire IT industry, making it a major source of employment for migrant workers from across Gujarat and neighboring states.
- The industry has historically leaned heavily on China as an export market — China has been Surat's second largest market at around 35% of total diamond exports, since polished stones are often set into jewelry there before re-export to the US and Europe.
**Boom-and-bust cycles**
The trade is highly exposed to global demand swings — the COVID-19 lockdown, for instance, left the industry sitting on an inventory worth around $2.3 billion when exports froze, and trade tensions, shifting demand (including competition from lab-grown diamonds, which Surat has also increasingly moved into), and price volatility periodically hit smaller units hardest while larger export houses tend to weather downturns.
In short, Surat's status as a diamond hub is a modern extension of the same trading-city DNA that made it a Mughal-era port: a place where raw material from elsewhere in the world is transformed by concentrated craft skill and then sent back out to global markets.
Visit to Surat .. 11-12 Sept '26 ..
(Pic from Gemini AI)
Was pleasantly surprised to see good families having roadside dinner sitting on mats from roadside dhadas. Surat is also the second cleanest city in India, after Indore in MP. Could resonate myself with the Arab traders of 300 BC who traded that time in spices, ivory, cotton etc.. Today Surat is known for its diamond trade.
-----
Surat today is best known for a few things:
- **Diamonds** — it's the world's biggest diamond-cutting and polishing hub, with over 92% of the world's diamonds cut there, and it houses the newly operational Surat Diamond Bourse, one of the largest office buildings in the world.
- **Textiles** — it's called the textile city of Gujarat, with one of the oldest and most widespread textile industries in India, mainly polyester yarn production, weaving, processing, and embroidery, and it exports printed fabrics worldwide.
- **Food** — Surat has a strong reputation as a food city, with street snacks like *locho* and the ghee-soaked sweet *ghari* being local specialties, and a saying that food in Surat is worth savoring.
- **Cleanliness and infrastructure** — it regularly competes with Indore for the title of India's cleanest city, and is known for wide boulevards and its BRTS transit system.
- Sitting on the Tapi River, it also grew historically as a major port, and today it's a fast-growing commercial and industrial center in Gujarat.
So the "ancient" city you pictured in the illustration has become one of India's biggest business and manufacturing hubs — diamonds and textiles being the headline industries.
Subscribe to:
Posts (Atom)
My popular posts over the last month ..
-
Taj Hotel under attack .. Sandeep's mother touching her son one last time .. Sandeep's mother faints on seeing her son...
-
These malayalam proverbs (invaluable diamonds of wisdom) have been collected from eyyal.blogspot.com and other sources on the Intern...
-
The Hayes and Wheelwright model (often referred to as the four-stage model of operations strategy or manufacturing's strategic role) is ...
-
HH Catholicos with the new Bishops Seven Bishops Consecrated by H.H. Baselios Marthoma Didymus I His Holiness Baselius M...
-
These are photographs of North Kerala,(Malabar region ) taken by missionaries from Basel Mission around 1892 - 1930. The original title a...
-
Learning from history is the most gainful thing anyone can do ..!! From history we learn a lot of things and in turn, we become history to...
-
The evening of 30 March 2012, got me, Anila and Chinnu with my sister Alice going downhill from Malabar Hill. We passed the hanging gardens...
-
Chipko movement heroines hugging trees, 26 March 1973, courtesy The Hindu It was in 1730 AD that Amrita Devi Bishnoi along with ...
-
TM Varghese statue at Kesavadasapuram juntion in Trivandrum The epitaph .. Recently when I visited Trivandrum, Kerala, I got d...
-
Drip Irrigation - the basics We have heard of how Israeli agricultural scientists turned the deserts of Sinai into greenland...