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Diamond Imprest Authorization (DIA) Scheme

  • 22 Jan 2025

On 22nd January 2025, the Government of India launched the Diamond Imprest Authorization (DIA) Scheme to boost the competitiveness of India’s diamond industry by enabling duty-free import of natural cut and polished diamonds.

Key Points

  • Objective: Enhance value addition in diamond exports and sustain India’s leadership in the global diamond value chain.
  • Launch Date: The scheme will take effect from April 1, 2025.
  • Export Obligation: Requires 10% value addition on imported diamonds.
  • Eligibility: Exporters with:
    • Two Star Export House status or higher.
    • Annual exports of at least $15 million.
  • Global Alignment: Supports beneficiation policies of diamond-mining nations (e.g., Botswana, Namibia, Angola).
  • Current Challenges: India’s diamond exports have seen a decline, with December 2024 exports falling by 10.29% to $1,967.98 million due to economic uncertainty and shifting consumer preferences.
  • Government’s Response: The scheme aims to rejuvenate the sector, providing MSME exporters a level-playing field.