Palanpur's proximity to Rajasthan's diamond mining regions facilitates the rough diamonds flow for processing and trading within the city.
It is a thriving diamond trading hub, attracting buyers and sellers from worldwide, offering established markets for rough diamond trading.
It is a centre for diamond cutting and polishing units. The artisans specialise in crafting exquisite diamond shapes and sizes.
Gujarat's government is promoting the diamond industry by offering support to entrepreneurs and businesses involved in diamond processing and trading.