As per a decision made by the managing committee of Surat Diamond Bourse – the names of the members shifting their business from Mumbai to Surat at the reception of the bourse for a lifetime under the list ‘Leading member of SDB that started diamond trading’ will be put up by SDB.
The circular of SDB states that such members will not be required to pay the maintenance charge for the first six months.
It further states that such members can purchase diamonds from anywhere but cannot send samples or sell products from Mumbai. Meaning that they have to discontinue selling from Mumbai and start selling from SDB.
The offer will be available to those who start selling from SDB from December 31, 2022.
The only motive of this decision is to promote business at SDB and there is no intention to hurt the feelings of any person or organization, states SDB.