Mumbai: Mumbai bomb blasts on July 13 continue to haunt diamond traders at the Opera House to the extent that they are planning to shift to Bharat Diamond Bourse.

After a blast at Opera House, 70 percent of the diamond traders have decided to shift to Bharat Diamond Bourse by Diwali. Due to international diamond market at Opera House, it is also known as Antwerp of India.

Diamonds worth Rs 1 lakh crore polished at Opera House are exported every year.

Speaking to Dainik Jagran, Vice-Chairman of the Gems and Jewellery Export Promotion Council Sanjay Kothari said after bomb blast on July 13, diamond traders have decided to move to Bharat Diamond Bourse in the Bandra-Kurla-Complex.

Apart from local citizens and traders, people from abroad also fear from visiting the place now. According to Kothari, one company has decided to move out of Opera House on August 1. "Seventy percent of the traders will move by Diwali,” said Kothari.

It should be noted that diamond exchange markets are either in India, Belgium, China, Dubai or Israel.

The regulation of their market is done through Belgium-based World Federation of Diamond Bourses and India has maintained its specialty in cutting diamonds. The work of cutting diamonds is done in Gujarat, whereas the trading is done from Opera House in Mumbai.

JPN/Bureau