India’s new 15-year tax break could unlock global rough diamond trade

Posted on August 6, 2026
By Business News Today
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In brief

India is positioning itself as a premier destination for the global rough diamond market through strategic fiscal incentives. The government's new 15-year tax holiday initiative targets foreign trading companies operating within designated Special Notified Zones, significantly reducing operational costs. This competitive advantage aims to consolidate India's existing dominance in diamond processing while expanding its reach in the upstream trading segment. The measure reflects a broader economic strategy to attract international investment and establish India as a critical nexus in the global diamond supply chain.

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India’s new 15-year tax break could unlock global rough diamond trade

India is closer to becoming a global rough diamond hub. A new tax exemption will attract foreign companies to trade rough diamonds. This measure offers a 15-year income tax holiday for eligible firms. It aims to boost trading activity within India's Special Notified Zones. The government's move is expected to enhance India's diamond industry competitiveness.