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Surat in <keyword id="6354766" type="COMPANY" weightage="20" keywordseo="Gujarat">Gujarat</keyword> is one of the major diamond hubs in India. Widely known for its diamond and textile industry, Surat’s proximity to the Arabian is the major reason for development of foreign trade. In 18th century, the diamond cutters migrated from <keyword id="12925" type="ENTERTAINMENT" weightage="20" keywordseo="Africa">Africa</keyword> and settled in Surat. Some of the <keyword id="375903" type="CITY" weightage="20" keywordseo="Guajarati">Guajarati</keyword> community has mastered the art of processing, polishing and cutting. The demands for labourer increased and people started migrating from other parts of country to Surat for jobs. 
 So how have the art of polishing of diamonds in Surat evolved in the last few decades? <keyword id="2534994" type="UNKNOWN" weightage="20" keywordseo="Jonathan-Kendall">Jonathan Kendall</keyword>, President of the International Institute of Diamond Grading and Research (IIDGR) accompanied with his signature smile replied, “Had you asked me this question even 15 years back, I would have answered differently.” 
 
The industry surely has to face problems like lack of technical expertise in the manpower. However, with improving skills the Surat diamond jewelry industry is now getting orders of larger and pricier stones. The irresistibly lucrative market processing the diamond jewelries are day by day getting bigger. Not only diamond polishers, the state is aiming to develop the laborers as jewelry makers in the true sense with an overall development. 
 
 To make things work better, <keyword id="367170" type="ORGANIZATION" weightage="20" keywordseo="De-Beers-Group">De Beers Group</keyword> that runs IIDGR has announced the launch its first ever education service to cover the entire diamond pipeline and support further growth in the Indian sector. The service, scheduled to launch in the second quarter of 2017, will be run out of Surat and comprise courses that cover essential subjects for India’s diamond sector, including polished diamond grading, diamond foundation and synthetics. 
 <keyword id="254393" type="COMPANY" weightage="20" keywordseo="Kendall">Kendall</keyword> further said, “From cutting and polishing rough diamonds to consumer demand for diamond jewellery, India is vital to the diamond industry and the diamond industry is vital to India. Through the IIDGR, <keyword id="138872" type="COMPANY" weightage="20" keywordseo="De-Beers">De Beers</keyword> Group is investing in innovations to ensure India maintains its position as a global diamond hub, as well as ensuring that the sector has the skills and tools to meet the challenges of tomorrow.” 
 
Representing a key source of export earnings for the national economy, the diamond sector is vital to India. Around 90 per cent of the world’s rough diamonds are cut and polished in the country, with the sector employing around 800,000 people in highly-skilled jobs. 
 India has also experienced almost uninterrupted growth (in <keyword id="6355302" type="ORGANIZATION" weightage="20" keywordseo="Rupee">Rupee</keyword> terms) in consumer demand for diamond jewellery in the last 20 years and now makes up eight per cent of global demand. Diamond jewellery demand from Indian consumers represents 8% of global demand and has enjoyed almost uninterrupted growth in the last 20 years (in Rupee terms). 
 
Around nine out of every 10 diamonds are cut and polished in India. The Indian diamond industry’s midstream sector employs more people than the diamond sector in any other country around the globe, with about 800,000 people employed in highly skilled diamond roles in the country. 
 
India is the third largest national consumer market for diamond jewellery sales globally, only behind the US and China in the global league table. In the ten year period leading up to 2014, the value of consumer sales of diamond jewellery in 
 
India almost trebled to around Rs 22,000 crore (Rs 220 billion) / around USD4 billion. Around 25 lakh (2.5 million) pieces of diamond jewellery were acquired by Indian women in 2013, roughly six times the number acquired in 2002.

For the last 15 years Surat's diamond polishing Industry has evolved at jet speed. Here are the reasons why

Now here’s the most incredible Make in India story you will ever hear. Around nine out of every 10 <keyword id="10052" type="ORGANIZATION" weightage="20" keywordseo="Diamond">diamond</keyword>s are cut and polished in India. The Indian diamond industry’s midstream sector employs more people than the diamond sector in any other country around the globe, with about 800,000 people employed in highly skilled diamond roles in the country. The Indian diamond industry’s midstream sector is also a key source of export earnings for the national economy, with cut and polished diamond exports representing around $20 billion in value (c.7% of total exports) in 2014. 
 
The highly dynamic consumer market has grown rapidly over the last two decades, fuelled by a fast expanding economy, a widening consumer base and a culture where precious jewellery plays an intrinsic role in social occasions and family traditions. The much talked about middle class is growing rapidly, and the purchasing power of the highest income households is expected to rise at the fastest pace. Diamond jewellery is an ‘aspirational’ product in India and is more desired than other luxury categories. Brands, which already play a key role in the Indian consumer market, are expected to gain further prominence for consumers in the years ahead. 
 
The growth story deconstructed 
India’s domestic diamond consumer market has achieved almost uninterrupted growth over the last two decades, with demand for diamond jewellery expanding in 19 of the last 20 years in rupee terms. 
 
In the last decade alone, the market has nearly trebled in size to about INR22,000 crore (INR220 billion)The brief contraction in 2013, caused by the depreciating purchasing power of the rupee and a weakening of the broader Indian economy, reversed in 2014. 
 
US funding serves as a major boost The International Institute of Diamond Grading &amp; Research (<keyword id="2535196" type="UNKNOWN" weightage="20" keywordseo="IIDGR">IIDGR</keyword>), part of The <keyword id="3948617" type="UNKNOWN" weightage="20" keywordseo="de-beers-group-of-companies">De Beers Group of Companies</keyword>, has invested USD 15 million in diamond grading sector. Group’s initial investment of US$10 million last year to establish the facility, which has the capacity to process over US$500 million of diamonds every year comes as major inspiration. 
 
The enhanced facility represents a world-leading resource for India’s diamond cutting and polishing sector, providing polished diamond grading services, diamond verification services, as well as melee (small diamond) testing and screening. 
 
Diamond educational hub <keyword id="138872" type="COMPANY" weightage="20" keywordseo="De-Beers">De Beers</keyword> Group has also announced that, via the IIDGR, it will launch its first ever education service to cover the entire diamond pipeline and support further growth in the Indian sector. The service, scheduled to launch in the second quarter of 2017, will be run out of Surat and comprise courses that cover essential subjects for India’s diamond sector, including polished diamond grading, diamond foundation and synthetics. 
 
Evolution happened each year When <keyword id="824043" type="COMPANY" weightage="20" keywordseo="Business-Insider">Business Insider</keyword> asked <keyword id="2534994" type="UNKNOWN" weightage="20" keywordseo="Jonathan-Kendall">Jonathan Kendall</keyword>, President, IIDGR to speak on the evolution, his answer was interesting. “If you had asked these 15 years back, my answer would have been completely different.” 
 
He believes, the skilled craftsmanship and good knowledge about the art of diamond polishing have helped Surat to maintain its signature till date.

Diamond polishing of Gujarat is a thrilling #MakeinIndia
story. Here’s how the evolution of diamond industry happened

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For the last 15 years Surat's diamond polishing Industry has evolved at jet speed. Here are the reasons why

Suchayan Mandal

Diamond polishing of Gujarat is a thrilling #MakeinIndia story. Here’s how the evolution of diamond industry happened

Suchayan Mandal

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