Construction of SDB begins

While Surat’s glittering diamond industry is staring at difficult times post-demonetization, the promoters of the Surat Diamond Bourse(SDB) has called out on its members to deposit their second installment between February 14 and February 28.

SDB chairman Vallabh Patel, who is also the chairman of Kiran Gems, has appealed to its members that for the early completion of the project they require ready availability of funds. After the delay of more than one-and-half-year, construction of SDB at the Diamond Research and Mercantile (DREAM) city at Khajod commenced in November 2016.

Initially, the bourse will have around 4,250 state-of-the-art offices spread on 60 lakh square feet area. Around 70% of the offices have been booked by the diamantaires in the city, while the rest from Mumbai, Antwerp, Israel, Hong Kong, Dubai etc.
Read more: Times Of India