Finance Ministry Relaxes Size & Weight Limits for Imported Diamonds

The Finance Ministry has relaxed the size and weight restrictions for imported diamonds, a move aimed at boosting the gem and jewelry sector. Previously, imported diamonds were subject to stringent size and weight limits, which industry stakeholders argued hindered competitiveness and growth. The relaxation of these norms is expected to facilitate smoother import processes, reduce compliance burdens, and enhance the sector's global competitiveness.This policy change aligns with the government's broader objective of promoting ease of doing business and supporting export-oriented industries. The gem and jewelry sector, a significant contributor to India's exports, is anticipated to benefit from increased operational flexibility and reduced costs, thereby potentially leading to higher export revenues and job creation within the industry.​