Duty on polished diamonds was raised to 7.5% in September 2018. This includes duty on diamonds exported and then reimported. “The duty shou...

The council has urged to reduce the import duty on gold, silver and platinum from 12.5 per cent to 4 per cent.

The industry is also seeking to waive off the bank commission or reduce it to 0.20 per cent, to boost digital transactions in the industry.

Vimadalal said ALROSA has plans to launch its own brand of diamonds for the Indian market to be launched in 2019 or 2020.

The govt has yet to come up with a tax structure to enable diamond traders to directly purchase rough diamonds from the SNZ at Mumbai’s Bha...

India handles a major chunk of global diamond trade and 70 per cent by value and 80 per cent by volume of global trade is contributed by In...

The winding up of HDCPL is not likely to affect supply of rough diamonds to Indian diamantaires as Indian diamond industry has grown in the...

Although 90 per cent of the global diamonds are polished in India, they go back to countries like Belgium as there are no trading facilitie...

The special notified zone (SNZ) in Mumbai, which was launched yesterday, would boost diamond trade in the country, Commerce and Industry Mi...

Rio Tinto, De Beers and Alrosa are among the major mining companies that have decided to participate in the Indian Diamond Trading Centre.

Diamond traders had been lobbying with Prime Minister Narendra Modi to cut the middlemen in the trade by setting up an SNZ.

Government said display of rough diamonds in the Special Notified Zone will not be taxable from April 2015 onwards in a bid to attract glob...

The government will soon set up a special notified zone (SNZ) to facilitate imports and trading of rough diamonds which will boost the gems...

Diamond traders will be able to directly bid and buy from the miners, enabling them to do away with middlemen and save on transaction cost.

The government is expected to announce special notified zones (SNZ) for diamond miners in the union budget next month, officials said.

Russia, facing global sanctions over Ukraine, has the opportunity to help India emerge as a key diamond-trading hub and an alternative to E...

New Zealand posted a surprise trade deficit in March, only the second time the trade balance for the month went into the red during the las...