Diamonds are only one of the many businesses and industries in Mumbai, the financial centre of India. Some of the top diamond businesses in the world, including Rosy Blue Diamonds, Gitanjali Gems and Suashish Diamonds, are based in the city. Mumbai’s business environment and real estate market have a direct relationship. The presence of diamond firms has fueled the need for office and residential space in the city and the accessibility of real estate of the highest caliber has aided in attracting and retaining top personnel in the diamond sector. This article will provide information on the different diamond companies in Mumbai.
See also: Textile industry in Mumbai
Business landscape in Mumbai
Mumbai is a significant hub for trade and business. The Bombay Stock Exchange, the biggest stock exchange in India, is located in Mumbai. Numerous foreign financial companies and banks are based in Mumbai. The city’s business environment is dynamic and constantly changing, with numerous prospects for development and success, home to various industries.
Top diamond companies in Mumbai
Blue Star Diamonds
Industry- Gems, jewellery, and watches
Sub-industry- Gems and Jewellery
Company type- India’s Top 500
Location- Bandra East, Mumbai, Maharashtra 400051
Founding date- 2008
Blue Star Diamonds is a vertically integrated business involved in every stage of the diamond manufacturing process, from mining and polishing to production and sales. Rough gemstones, polished diamonds and diamond jewelry are just a few of the company’s many diamond products.
Pious Eco Diamonds
Industry- Diamond cutting and polishing
Sub-industry- Diamond production
Company type- Private Company
Location- Borivali West, Mumbai, Maharashtra 400092
Founding date- 2012
Sustainable diamond production is essential to Pious Eco Diamonds. The business recycles water and powers its facilities using renewable energy. Additionally, Pious Eco Diamonds belongs to the Responsible Jewellery Council. Leading diamond suppliers to well-known jewellery businesses worldwide include Pious Eco Diamonds. The company is famous for its top-notch gems and dedication to sustainability.
V. Jayantilal & Co.
Industry- Diamond industry
Sub-industry- Diamond cutting and polishing
Company type- Private limited
Location- Opera House Churni Raod Mumbai/Maharashtra 400004
Founding date- 1982
One of the biggest diamond polishing and cutting businesses in the nation. The cutting and polishing of raw diamonds into polished diamonds is a speciality of V. Jayantilal & Co. The company employs knowledgeable and professional artisans who use cutting-edge technology to create diamonds of the highest calibre.
Swet Gems
Industry- Luxury goods
Sub-industry- Diamond industry
Company type- Privately held
Location- Bandra East, Mumbai, Maharashtra 400051
Founding date- 1983
The operations of Swet Gems, a fully vertically integrated business, include diamond mining, sourcing, manufacturing and polishing. The company also has a retail division in India’s main cities. Swet Gems is renowned for its top-notch gems and dedication to moral business conduct. The business is a part of the Responsible Jewellery Council, an international group that supports ethical business practices in the jewellery sector.
Vajra Diamonds
Industry- Diamond
Sub-industry- Diamond cutting and polishing
Company type- Private
Location- DR. B. I. ROAD, MUMBAI MH IN 400006
Founding date- 2009
One of India’s biggest diamond-cutting and polishing businesses is called Vajra Diamonds. Over a thousand trained craftsmen who work for the company cut and polish stones of all sizes and varieties. Vajra Diamonds has a cutting-edge manufacturing plant that uses the most recent technologies.
Asian Star Company
Industry- Gems, jewellery, and watches
Sub-industry- Gems and Jewellery
Company type- India’s Top 500
Location- Bandra East, Mumbai, Maharashtra 400051
Founding date- 1971
As a vertically integrated business, Asian Star Diamond Company manages every step of the diamond supply chain, from extracting rough stones to selling finished jewellery. This enables the business to provide its clients with premium diamonds at affordable prices.
Tribhovandas Bhimji Zaveri
Industry- Gems, jewellery, and watches
Sub-industry- Gems and Jewellery
Company type- India’s Top 500
Location- Kalbadevi, Mumbai, Maharashtra 400002
Founding date- 1864
TBZ is dedicated to giving its clients the most significant purchasing experience possible. Among the many services the business provides are free delivery, returns and exchanges. Additionally, TBZ has a group of qualified jewellery designers and advisors who can assist clients in selecting the ideal jewellery item for their requirements.
Janam Diamonds
Industry- Gemstones and jewellery industry
Sub-industry- Diamond industry
Company type- Publicly held
Location- Bandra East, Mumbai, Maharashtra 400051
Founding date- 1981
India’s top diamond producer is Janam Diamonds. The business is involved in diamond mining, production and trading. With locations in Mumbai, New York and Dubai, Janam Diamonds has a significant position in the international diamond market. The company’s diverse product line includes diamond jewellery, polished diamonds, and diamonds in their rough.
Kiran Gems
Industry- Gems, jewellery, and watches
Sub-industry- Gems and Jewellery
Company type- India’s 501- 1000
Location- Bandra (E, Mumbai, Maharashtra 400051
Founding date- 2007
Diamond jewellery, rough diamonds, finished diamonds and other items are all produced by Kiran Gems. Customers around the world purchase the company’s goods. Another significant diamond supplier to the Indian jewellery sector is Kiran Gems.
Malabar Gold & Diamond
Industry- Gems, jewellery, watches, and retail
Sub-industry- Gems and Jewellery
Company type- India’s 501- 1000
Location- Andheri West Mumbai- 400053
Founding date- 1993
It is one of the world’s most extensive networks of jewellery retailers, with more than 330 stores spread across 11 nations. The business also runs a network of upscale watch boutiques known as Malabar Watches located all over India.
Commercial real estate demand in Mumbai
Office space- Diamond Enterprises strongly demand office space in Mumbai, a significant commercial centre. The locations of diamond businesses should be in areas with easy access to talent and other facilities.
Rental property- Diamond firms have a significant demand for rental property in Mumbai. This is because many diamond businesses prefer renting office space to purchase it. This is because the diamond industry is cyclical and companies must be able to quickly modify their expenses in response to changing market conditions.
Impact- The Mumbai commercial real estate market has been significantly impacted by the demand for space from diamond firms. Since some of the city’s leading diamond firms have relocated to neighbourhoods such as BKC and Lower Parel, the demand for office space in these regions has grown dramatically. Both the cost of real estate and the cost of renting have risen as a result.
Impact of diamond companies in Mumbai
The diamond industry contributes to Mumbai’s GDP and job creation. The sector also contributes significantly to the government’s tax revenue. People from all walks of life, particularly women and marginalised groups, can find work in the diamond industry and receive training. Additionally, the sector helps the city’s philanthropic endeavours.
FAQs
Which Mumbai-based diamond firm is the biggest?
Kiran Gems is one of the biggest Mumbai-based diamond firms.
Who is Mumbai's wealthiest diamond trader?
One of Mumbai's wealthiest diamond dealers is Savji Dholakia.
Which diamond would be the greatest to sell?
The 4Cs of diamonds—cut, clarity, colour and carat—are terms you are likely familiar with if you possess even one diamond ring or other pieces of jewellery.
Which diamond offers the best value?
Stick to diamonds with a VS2 or SI1 clarity grade if you are on a budget and want to get the most outstanding value for your money.
What diamond is in demand?
Round- Retains the top position. More than 60% of couples select a round diamond as their centre stone, according to GIA. Since the round cut has existed since the 1800s, it consistently ranks as the most popular.
Are there natural Malabar diamonds?
The diamonds offered by the company are natural and directly produced and acquired.
Which is preferable, diamonds or gold?
Regarding investments, gold jewellery is typically a safer and more liquid option than diamond jewellery.
What makes Malabar jewellery stand out in the industry?
It is well known for using priceless gemstones and valuable metals, including gold, silver and platinum. Malabar jewellery has a solid reputation in the jewellery industry and is frequently seen as a representation of elegance and luxury.
What is the diamond return rate?
An engagement ring made of diamonds or other diamond jewellery will often have a resale value ranging from 20 to 60% of its original cost.
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