💎 Strengthening India’s Sparkle in the Global Diamond Trade

India to Launch Duty-Free Diamond Imprest Authorization (DIA) Scheme on April 1, 2025

India is set to implement the Diamond Imprest Authorization (DIA) Scheme starting April 1, 2025, marking a significant move to support its diamond exporters—especially MSMEs—and align with evolving global beneficiation policies.

💠 What is the DIA Scheme?

The DIA Scheme allows duty-free import of natural cut and polished diamonds under ¼ carat, specifically to:

• Boost value addition in domestic diamond processing
• Enhance competitiveness of Indian exporters
• Stimulate exports and job creation within the sector

✅ Key Features

• Eligibility: Exporters with Two Star Export House status and annual exports ≥ USD 15 million
• Value Addition: Diamonds must be re-exported after adding at least 10% value
• Import Relief: Exemption from Basic Customs Duty, Integrated Tax, and other applicable levies

🎯 Target Beneficiaries

The scheme is designed to support Indian diamond exporters, especially micro, small, and medium enterprises (MSMEs) that often face challenges in competing with larger players in the global diamond market.

🌍 Global Context: Keeping Pace with Beneficiation Trends

• Beneficiation policies in countries like Botswana and Namibia mandate local diamond processing
• The DIA Scheme aligns India with such policies to retain diamond-related economic value within the country
• It helps prevent capital flight and maintains India’s role as a global diamond hub

📉 Addressing Industry Challenges

India’s diamond industry has faced:

• Falling exports
• Declining employment in processing units
• Rising competition from diamond-mining nations building their own cutting centres

The DIA Scheme is positioned as a lifeline to rejuvenate this vital sector.

💼 Economic and Employment Boost

By supporting domestic manufacturing, the DIA Scheme is expected to:

• Generate thousands of skilled jobs in polishing and cutting
• Reinforce India’s leadership in the global diamond supply chain
• Enhance export volumes and quality-driven competitiveness

With the DIA Scheme, India is not just importing diamonds—it’s exporting excellence. 💎