The Mumbai Diamond Market is one of the largest and most important diamond trading hubs in the world. It is centered in the city’s well-known diamond district in the Zaveri Bazaar area. Mumbai’s diamond market is responsible for a significant percentage of the world’s diamond trade, particularly when it comes to rough diamonds.

The main areas in Mumbai involved in the diamond trade include:

• Zaveri Bazaar: This area is a hub for jewelry and diamond dealers, with numerous showrooms and wholesalers. It has a long history and is often considered the heart of the diamond business in Mumbai.
• BKC (Bandra Kurla Complex): This area also hosts high-end dealers and diamond offices.
• Surat: Though not technically in Mumbai, Surat, which is around a 4-5 hour drive away, is crucial to the industry. It’s known for diamond cutting and polishing, and many rough diamonds from the Mumbai market end up there for processing.

Mumbai serves as a gateway to international diamond trading, where dealers from around the world come to buy and sell diamonds. Many of the world’s largest diamond corporations have offices in Mumbai, and it’s often referred to as the “diamond capital of the world.”