Gems and Jewellery Export Promotion Council (GJEPC) has developed India’s first diamond auction-cum-exhibition centre in Surat.
The centre, developed on a 2,200 sq. ft space at Vesu, can be inaugurated by GJEPC chairman Colin Shah on August 16. The public sale centre has come up at a value of Rs. four crore, which was borne by GJEPC.
With the public sale centre having all of the services of protected vaults, locker techniques, convention halls, exhibition space with advance safety techniques, the diamond mining corporations can come to Surat for finishing up public sale strategy of diamonds.
GJEPC Chairman of Gujarat, Dinesh Navadiya stated, “Many international diamond mining companies were facing problems to carry out auctions of diamonds in the city, as they were not getting proper facilities, including safety measures. Even the diamond merchants from foreign who come to Surat, for the sale and purchase of diamonds has to book rooms in the private hotels in the city. The security issues of such valuable goods was also a major concern for them. At the auction centre, they will get safe deposit vault facilities and also locker facilities.”