Gujarat Chief Minister Vijay Rupani on Sunday launched the construction work on Surat's first dedicated diamond market complex named as Surat Diamond Bourse. The upcoming bourse will accommodate over 4,000 offices of the diamond traders thereby facilitating them to engage with international buyers and execute trade at their doorstep.

The new complex will become the hub of international diamond trade and provide employment to over 1.5 lakh people, said Rupani.

"With this complex becoming operational, Surat will find its place among the world diamond trading hubs such as Singapore, Dubai among others. This will boost the trade prospects for diamond traders from Surat," he said.

The complex will be spread on 36 acres with construction of 65 lakh square feet. Besides offices for traders, the complex will have trading hall, self deposit vaults, museum, food zone, banks, custom office, amphitheater, money transfer facilities, travel desk, retail zone, auction house, security control room and club besides other basic facilities.

Surat currently, handles diamond trades worth Rs 1 lakh crore annually and exports polished diamonds across the world.