[9][10][11] The current Chairman is Govind Dholakia and CEO of Surat Diamond Bourse is Mahesh Gadhavi.

The SDB project was launched by the former Chief Minister of Gujarat, Anandiben Patel, after the laying the foundation stone for the construction of the complex, as well as of the Diamond Research and Mercantile City, on 15 February 2015.

It covers an area of 4,600 square metres (50,000 sq ft) within the SDB, and will host top international brands specialised in diamond jewellery retailing.

It will be staffed by 11 officers, including a customs superintendent and inspectors, all sponsored by the SDB diamond bourse committee for the first three years.

However, due to the lack of direct international air connectivity to key destinations like New York and Antwerp from Surat Airport, the diamond parcels will still be sent to Mumbai for export, once cleared by the SDB customs office.

With a core objective of improving the trading facilities of the diamond industry (forward and backward integration), this smart city project, as part of the Smart Cities Mission, covers an area of 683 hectares (1,690 acres), on NH-53, close to the Surat international exhibition and convention centre, and at a distance of 3 km (1.9 mi) from the airport.

[25][15] With a focus on sustainability, the SDB minimizes its environmental impact by adhering to the principles of Panchtattva, aligning with the five elements of nature.

The building consumes 50% less energy by using natural lighting systems, achieving a remarkable 45 kWh/sq.m./yr compared to the industry green benchmarks of 110 kWh/sq.m./yr.

A combination of thermal mass and porosity in relevant areas results in low external heat gains and lower cooling loads.

Hybrid climate systems integrate passive strategies for natural ventilation with energy-efficient mechanical cooling.