Surat Diamond Bourse Sees Surge in New Offices as Traders Shift Operations

Surat, Gujarat, India — February 26, 2026

The Surat Diamond Bourse (SDB) continues to attract diamond traders and brokers relocating operations, with over 100 new offices opening in recent days amid efforts to scale business in the world's largest office building.

Background

Surat serves as India's primary diamond polishing and trading hub, handling a significant portion of global diamond processing. The Surat Diamond Bourse, recently recognized for surpassing the Pentagon as the world's largest office building by floor area, provides modern infrastructure including secure trading facilities, connectivity, and centralized operations. This development supports the city's diamond industry, which contributes substantially to exports and local employment. Recent months have seen gradual shifts from traditional, unorganized setups to the bourse's organized ecosystem, driven by future growth prospects in the sector.

What Happened

Reports indicated that more than 100 diamond traders and brokers opened new offices at the SDB on February 25, following around 100 who began operations from February 18. Nearly 250 offices were fully operational by February 2026. A separate meeting on February 25 involved nearly 400 traders specializing in light brown (LB) quality diamonds, who discussed transitioning to the SDB for its advanced facilities, security, and operational advantages. Organizers highlighted the bourse's world-class infrastructure to encourage centralized trading.

Why It Matters

This migration strengthens Surat's position in the global diamond trade by consolidating activities in a secure, efficient environment, potentially boosting productivity, security, and business volumes. It supports economic growth in the region through increased formal operations, better connectivity, and enhanced export capabilities. The shift also addresses challenges in unorganized markets, promoting long-term sustainability for thousands employed in diamond-related activities.

Official Response

Sources associated with the SDB noted the rapid onboarding of new offices and the positive response from trading communities to the available modern infrastructure and ecosystem benefits.

What Happens Next

Further relocations and office openings are anticipated as more traders evaluate the advantages of operating from the bourse. Ongoing monitoring of operational integration and any additional incentives for shifting could accelerate the process, with potential impacts on trading volumes and industry organization in coming months.