Mumbai Market Has Eye on Hong Kong Show - There are many overseas and domestic buyers in the market and there is a clear demand for goods, but transactions have been slowed considerably due to the differences in asking and offering prices. The 5-7% increase in the price of rough diamonds at the February De Beers Diamond Trading Company (DTC) sight is the main factor in sellers’ insistence on higher polished prices.
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GJEPC: Jewellery Import Duty Hike To Strengthen Indian Manufacturing

The government recently increased the customs duty on categories of diamond such as semi-processed, half-cut or broken, and cut and polished coloured gemstone to 7.5%, from 5% earlier, and increased import duty on jewellery articles from 15% to 20% in a move to narrow thecurrent account deficit (CAD).