Surat Diamond Bourse’s controversial circular, making lucrative offers to the city’s diamond merchants to shift base to Gujarat, has triggered a war with the Bharat Diamond Bourse, located in Mumbai. The traders from the city have been promised a waiver of the maintenance charge for the first six months.
 
The circular by the Surat Diamond Bourse (SDB) states that if the traders from Mumbai comes to Surat, their maintenance charge of the first six months will be waived off and their names will be displayed in the reception area of the SDB for lifetime.

SDB President Vallabh Lakhani said, “This decision is from the committee and not my individual decision. The committee has given this offer. When the Surat Diamond Bourse was established, the diamond traders had asked me to come to Surat in 2014 and I left Mumbai and came to Surat. That offer was only for me.”