ITC-HS Code

71023910

Diamonds, Polished (Non-Industrial)

Diamonds non-industrial, polished or otherwise worked but not mounted or set

Chapter 71 — Natural or Cultured Pearls, Precious Stones, Metals

GST Rate

0.25%

Domestic supply

BCD (Import)

Basic Customs Duty

Export Policy

Free

No licence needed

Import Policy

Restricted

Licence required

🇦🇪

UAE

India-UAE CEPA; Dubai is world's diamond hub

import duty

🇺🇸

USA

MFN duty-free; Kimberley Process cert required

import duty

🇭🇰

Hong Kong

Free port; major trading centre

import duty

* Duty rates are indicative. Always verify with destination country customs before contracting.

Surat processes ~90% of world's rough diamonds — India dominates polishing globally
Kimberley Process Certification Scheme (KPCS) certificate mandatory for all diamond exports
GIA, IGI, HRD grading reports required by most wholesale buyers
SDB (Special Diamond Bond) or replenishment scheme available for rough diamond imports

Get licences required, export incentives (RoDTEP, Drawback), and detailed trade data for HSN 71023910.

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