Surat, India's diamond processing capital, has recorded exports of $10.55 billion in the financial year 2024-25, cementing its status as a global trade hub. For overseas jewelry buyers, this signals continued dominance in diamond supply and expanding opportunities in gemstone and jewelry sourcing from a city that processes 90% of the world's diamonds.
Diamond Processing Dominance
The Surat region processes approximately 90% of the world's diamonds, with the gems and jewelry sector accounting for roughly 70% of the city's total exports. This concentration makes Surat an indispensable node in the global diamond supply chain, directly impacting pricing, availability, and lead times for importers and manufacturers worldwide.
Diversification Beyond Diamonds
Beyond diamonds, Surat has experienced growth in human-made fibers, organic materials, mechanical machinery, technical textiles, and other fabric products. This diversification strengthens the city's industrial base, offering jewelry buyers potential synergies in packaging, findings, and related supply-chain inputs.
Key Export Markets and Trade Partners
The United States is Surat's largest trading partner, receiving approximately 32% of exports, followed by Hong Kong at 18% and the United Arab Emirates at 14%. Expanding trade relations with Belgium, Israel, Saudi Arabia, and Thailand further broaden market access for jewelry exporters based in Surat.
What Buyers Should Watch
The Vibrant Gujarat Regional Conference – South Gujarat, scheduled for April 2025 in Surat, will highlight gems and jewelry alongside materials, textiles, pharmaceuticals, and food processing. This event aims to connect local MSME units with international markets, supporting initiatives like 'Vocal for Local' and 'Local for Global.' Recent trade agreements between India and the European Union and India and the US position South Gujarat as a key destination for global investment, potentially easing trade flows for jewelry importers.
Source: Read the original report | Published: February 21, 2026