Cutting diamonds in India

Surat, a city in India's Gujarat state, has become the world's largest processor of uncut diamonds, handling 70% of the stones that enter the international market. This shift has occurred as Israel's diamond processing industry has declined, with much of its business moving to India. Despite having no diamond mines, India benefits from cheap labor and skilled stone cutters. However, Africa, particularly South Africa, is attempting to challenge India's dominance by processing its own raw diamonds. The competition is intensifying as both regions vie for control of the diamond processing market.

What is the significance of Surat in the diamond processing industry?

How does India's diamond processing industry compare to that of Israel?

Discuss the economic impact of the diamond industry in Gujarat.

What are the key factors that contribute to India's success in diamond processing despite lacking diamond mines?

What challenges does India face from African countries in the diamond industry?