Where does India import diamonds?

India is the highest importer of diamond and re-exporters for the diamond job works avail by rest of this world. The Diamond Importers In India have crossed more than USD 20-million since the past five years. This is because, the Indian diamond workers are popular for rough diamond cutting and polishing works since the ancient times.  The rough diamond import procedure India is not very much restrictive and this makes the gems and jewellery industry in India as the most profitable and happening business in terms of trade and value.

The import procedure of diamonds in India is as per the diamond standard and rule of the land. The diamond import license India is easy to get from its trade ministry by small and medium companies. The import duty on rough diamond in India is comparatively lesser than other nations involved in diamond trading. The diamond wholesalers in India take advantage of this diamond import policies. The import duty on polished diamonds in India is cheaper for other nations.

If you look at the top diamond importing countries, the diamond importers in India are the only one to trade in huge volume of rough diamonds. India is the largest trading partner of diamonds from European Union, Middle East countries and from Africa. The importing diamonds from Africa is the cheap and the best for Indian based diamond dealers.

The diamond wholesalers in India are the best place to buy the cheapest loose diamonds. However, the diamond dealers for export and import are rivet in the western region of India. Nearly, the 10% of diamond imports are avail to the Indian based diamond jewellers. The rest of the 90% is for job works and they mostly go out to the respective nations as polished diamonds and cut diamonds.

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