Home Economy Important decisions taken by Ministry of Commerce regarding diamond and jewellery industry

Important decisions taken by Ministry of Commerce regarding diamond and jewellery industry

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An important decision has been taken by the government for people associated with the diamond industry. An important decision has been taken by the Ministry of Commerce to provide business opportunities abroad to those involved in the diamond industry. The Ministry of Commerce has decided that diamond traders will now be able to export jewellery and diamonds through courier. Earlier diamond traders had to export small diamonds and jewellery from cargo, but now traders will be able to export diamonds and jewellery with the help of international courier service.

This decision of the Ministry of Commerce will directly encourage small entrepreneurs and e-commerce. This decision of the Ministry of Commerce will benefit jewellers in the coming days as jewellers get jewellery orders through e-commerce. Jewellers have to pay custom duty when they export this order from cargo and this increases the price of the item. But now that the international courier service has been allowed to export some worth of jewellery and small diamonds, e-commerce will benefit in the coming days as well as increase in government exports.

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