Gujarat is a major global center for diamond processing. It is the world’s largest diamond cutting and polishing center, accounting for over 90% of the world’s diamond cutting and polishing industry. The diamond industry in Gujarat is estimated to be worth over $10 billion annually and employs over 4 million people.
The diamond industry in Gujarat began in the early 1900s, when small diamond cutting and polishing workshops were set up in the city of Surat. The industry grew rapidly in the 1970s and 1980s, due to the availability of cheap labor and the proximity to the world’s major diamond mines in Africa.
Today, Gujarat is home to over 10,000 diamond cutting and polishing factories. The industry is highly competitive, with factories constantly striving to improve their efficiency and quality. The diamond industry in Gujarat is a major contributor to the state’s economy and has helped to lift millions of people out of poverty.
The other options are incorrect. Gujarat is not a major global center for shipbuilding, automobile manufacturing, or pharmaceuticals.