Archive · 5 Aug 2025
Amreli Diamond Auction Nets ₹3 Crore in Single Day
Imagine a big sale where people buy and sell sparkly diamonds.
In Amreli, India, the local diamond sellers' group had their first big sale, called an auction.
Over 300 people from nearby areas came to buy diamonds, and they made about 3 crore rupees in sales in just one day.
They sold the diamonds for cash.
Because the diamonds are cheaper there, the group plans to hold these sales every week and build a special place for them.
Amreli Diamond Association (ADA) held its first diamond auction.
The auction generated Rs 3 crore in sales within a single day.
Over 300 buyers from Gujarat and Mumbai participated.
Diamonds were sold on a cash basis during the auction.
ADA plans to host weekly auctions and construct a dedicated building.
- Who
- The Amreli Diamond Association (ADA) and over 300 buyers from Gujarat and Mumbai.
- What
- Diamond auction held by the Amreli Diamond Association.
- When
- The auction took place on a Saturday.
- Where
- Amreli, Gujarat, India.
- Why
- To facilitate diamond trading and offer competitive prices.
- Sales Amount
- Rs 3 crore
- Number of Buyers
- Over 300
- Location
- Bombay Market, Amreli
- Auction Duration
- Day-long (10 AM - 8 PM)
- Basis of Sale
- Cash
- ADA President
- Lalit Thummar