Import duty on rough diamonds cut to zero

 Other measures announced in the new Exim policy include reduction in the value-addition norms for export of plain jewellery from 10 per cent to 7 per cent. Exports of all mechanised unstudded jewellery have also been permitted at a value addition of 3 per cent only.

 In addition to the four metros, personal carriage of jewellery has been extended to the Hyderabad and Jaipur airports as well.

 Speaking to Business Standard, Sanjay Kothari, chairman of the Gems and Jewellery Export Promotion Council said,