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The auction center set up by GJEPC for auction of diamonds and jewelery in Surat will be inaugurated on August 16. Through this center, the first synthetic diamond will be auctioned in Surat. Diamond Auction Center has been set up by GJEPC (Gem and Jewelery Export Promotion Council) in Vesu area of ​​the city in 2200 sq. ft. at a cost of Rs.4 crore.

GJEPC Regional President Dinesh Navadia said that efforts have been made for years to trade rough diamonds in the diamond city Surat. As a part of which International Diet Trade Center is functioning since last year at Ichhapur by GJEPC. Arrangements have been made in the city to auction gold and silver jewelery including rough or polished diamonds for a national-international company.

GJEPC Chairman Colin Shah will inaugurate the auction center at Vesu on August 16. Along with this, synthetic diamonds of Surat will be auctioned from August 16, which will be for the first time in the country. Even with special permission in Mumbai, synthetic diamonds have not been auctioned yet.

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