Indian Government restricts imports of silver jewellery with cheap diamonds till June 30

The  Government of India, on March 17,  imposed import curbs on silver jewellery studded with cheap diamonds till June 30 this year, according to a notification.

“The import policy of items…is revised from free to restricted for the period up to June 30, 2026, with immediate effect,” the Directorate General of Foreign Trade said.

The move is aimed at curbing imports of silver from Asean countries, according to an industry expert.

New import restrictions are now in effect for silver jewellery featuring inexpensive diamonds, with the government limiting these imports until June 30, 2026. This policy revision, moving from free to restricted, aims to curb silver imports from ASEAN nations. The Directorate General of Foreign Trade announced the immediate implementation of these curbs.