SHB exports another Rs 300 crore worth Surat diamonds to HK

“It is a matter of great pride for the Surat Hira Bourse (SHB) to serve the diamond industry in the times of lockdown,” said CEO of SHB, KK Sharma while facilitating the second consignment of
polished diamonds to the tune of over Rs 300 crore from Surat to Hong Kong via Mumbai on Friday.

“We sent 17 export parcels of polished diamonds valued at over Rs 300 crore belonging to the three leading diamond firms in Surat. The parcels have been sent through a private chartered flight from Surat to Mumbai and that the parcels will be shipped in the international cargo flight to Hong Kong in a day or two” said Sharma.

Sharma further said that in two days, SHB has facilitated about Rs 500 crore worth of polished diamond exports to Hong Kong.
Industry sources said that the district administration has given the permission for the inter-state transport of the polished diamonds via road from Surat to Mumbai. However, with the extension of the lockdown period till May 17 along with the pandemic situation in Mumbai the Bharat Diamond Bourse (BDB) is not likely to open up any time soon.

Regional chairman of Gems and Jewellery Export Promotion Council (GJEPC), Dinesh Navadiya said, “Only SHB is working in Surat. Not a single parcel is going from Mumbai. At present, there are some export commitments for online buyers in Hong Kong and other parts of the country, which have to be fulfilled by the diamond companies.”

Navadiya further said that diamond manufacturing units will not be able to function with the extension of the lockdown period till May 17. However, the diamond companies will have to clear their inventories of polished diamonds over export commitments, he added.

Courtesy:TOI