India has introduced a tax exemption for diamond imports under the newly notified Diamond Import Authorisation (DIA) scheme, marking a pivotal move aimed at strengthening the country’s gem and jewellery sector. The exemption is expected to enhance the industry’s competitiveness, support exporters, and ease the cost burden on manufacturers who rely heavily on imported rough diamonds. By modernising import norms and simplifying compliance requirements, the government aims to bolster India’s position as a global diamond-cutting and polishing hub.