Record Exports: Mumbai's Loss is Surat's Gain

By John Jeffay / November 03, 2020 / www.idexonline.com / Article Link

(IDEX Online) - Surat's bourse has seen business boom, as it picked up export trade from its closed counterpart in Mumbai.Half-year exports to October were up more than 700 per cent to $832m said the Surat Hira Bourse (SHB), the city's only customs clearance centre for diamond, jewelry, gold and other precious cargo.By comparison total export for the financial year 2019-20 were $190m.Mumbai's Bharat Diamond Bourse (BDB) was closed between March and May because of the pandemic, but the SHB remained open."When BDB had shut down ???,? ? the export of diamonds and jewellery continued from SHB's customs clearance from April," KK Sharma the CEO of SHB told the Times of India newspaper. "This is a record export for SHB." About 70 per cent of exports from Surat were destined for Hong Kong, gateway to the Chinese market.Pic shows diamond merchants in Surat

Recent News

Smaller juniors still financed even in more cautious market

January 13, 2025 / www.canadianminingreport.com

Gold stocks shrug off equity market decline on metal gain

January 13, 2025 / www.canadianminingreport.com

Geopolitical risk outlook unclear after US election

January 06, 2025 / www.canadianminingreport.com

Low valuations offer a cushion to mining sector

January 06, 2025 / www.canadianminingreport.com

Polarized gold and iron ore moves, moderate aluminum and copper gains

December 30, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok