Unveiling Indian Diamond Industry

The Indian State of Gujarat has one of the biggest diamond industries in the world. Every 14 out of 15 diamonds ever mined in the world are cut in Surat making it an exporter of 90 percent of the world’s diamonds. The New Diamond Bourse building in Surat has taken over the pentagon's place in being the Largest Office building in the area. We all know this, but Very Few of us know that in the 1970's India was nowhere on the diamond map. As of today India has diamond exports of about 23 Billion Dollars. This Story is about Honesty and Commitment.

Humble Beginnings

This Massive progress of the rapid of Growth in the polishing and cutting industry of diamonds is credited to the numerous Jain families of Surat. But it all started with zero, I am talking about the 1970’s. The jews of Belgium were dominant in this market. This period of Belgium diamond polishers started after the holocaust. The jews community became supportive to each other, lending credit to one and among their community so that each family could prosper. There was a judicial system in their community, a credit financial help system and business advice help credit. All of these factors led to the rapid growth of local industries in Belgium, mainly the diamond cutters in Antwerp, they could prosper and not wait for loan approval and the government to resolve disputes. The Multiple Indian families in Antwerp built their business model based on this, noticing and observing the work of people in Antwerp.

The Rise of The Diamond Market

Business Lessons