Surat. The Gem and Jewellery Export Promotion Council (GJEPC) has launched the 'India Rough Diamond Show' (IRDS) in collaboration with the Surat International Diamond Trade Centre (SIDC), marking a significant step towards establishing India as a global rough diamond tendering hub.
The show will be held from April 6 to May 10, 2026, at the Surat Diamond Bourse (SDB), which is considered the world's largest office complex and a major center for diamond trade. Through IRDS, an organized and transparent tendering platform for rough diamonds has been made available in India for the first time, reducing dependence on international centers. The participation of global companies such as Star Gems and Coin International has strengthened international confidence in the event.
It is estimated that approximately 100 million US dollars (around ₹1,000 crore) worth of rough diamonds will be showcased during the show. Notably, this platform will also allow small and medium-sized diamond manufacturers (MSMEs) to access rough diamonds directly. It is expected that over 250 MSME units will participate in the weekly tender sessions, with more than 1,000 units likely to take part throughout the event.
GJEPC Chairman Kirit Bhansali stated that this initiative is a significant effort to bring global supply closer to India's manufacturing sector, which will reduce costs and increase transparency in trade. Meanwhile, Diamond Panel Convener Anup Mehta described it as a solution to a long-standing need in the industry. Regional Chairman Jayanti Sawaliya mentioned that hosting this show in Surat will further strengthen the city's global position in the diamond industry and provide better opportunities for local traders.
It is noteworthy that India processes over 90 percent of the world's diamonds, but most rough diamond trade has historically taken place in centers like Antwerp, Dubai, and Tel Aviv. The IRDS could bring about a significant change in this arrangement by bringing it to India. This initiative will not only facilitate trade but also play a crucial role in establishing India as a strong trading hub in the global diamond value chain.
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