After operating from Opera House for four long decades, the Indian diamond trade has got a new address - Bharat Diamond Bourse (BDB) at Bandra-Kurla Complex (BKC) in Mumbai.
Over 100 leading diamond companies controlling almost 80 per cent of India’s diamond export have shifted their base from the southern parts of Mumbai at Opera House and Zaveri Bazaar to BDB as the complex offers better infrastructure and facilities and most importantly, better safety mechanism.
Industry sources said that the shifting had started after the July 13, 2011 serial bomb blasts that had targeted the diamond industry in southern Mumbai.
Sources in BDB said that on the occasion of Dussehra this year about 30 leading diamond companies shifted their corporate offices from Opera House to BDB.
BDB occupies two million square feet and houses 2,500 diamond offices of various sizes. It offers facilities such as a trading hall, customs office, banking, restaurants and security surveillance in the same complex.
Diamond trading at Opera House dates back to 1980s when the diamantaires, mostly Jains from Palanpur and Deesa had decided to shift their base from Zaveri Bazaar, where the trade was established way back in 1970s. The reason to shift was the requirement of space to run the business and easy access to the aangadias.
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