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Export HS Code 71023910 (Other: Diamond, cut or otherwise worked but not mounted or s...) to United Kingdom

HS Code Details

Code71023910
DescriptionOther: Diamond, cut or otherwise worked but not mounted or set
Chapter71
SectionXIV β€” Precious Stones & Metals
Duty RateRefer to tariff schedule

πŸ‡¬πŸ‡§ United Kingdom

CapitalLondon
CurrencyPound Sterling
RegionNorthern Europe
India Export Rank#7
Trade AgreementNone

India–United Kingdom Trade Data for HS 7102

India exported $335.08M worth of other: diamond, cut or otherwise worked but not mounted or set (HS 7102) to United Kingdom in 2024. This represents a 0.4% increase from 2023.

India also imported $3.48M of this product category from United Kingdom in 2024.

Export Trend (USD)

2023
$333.79M
2024
$335.08M

Exporting Other: Diamond, cut or otherwise worked but not mounted or s... to United Kingdom

Exporting other: diamond, cut or otherwise worked but not mounted or set (HS Code 71023910) from India to United Kingdom requires attention to documentation, packaging standards, and customs regulations. Indian exporters should ensure compliance with both DGFT export regulations and United Kingdom's import requirements.

Key considerations include proper classification under HS 71023910, accurate valuation, and meeting any product-specific standards or certifications required by United Kingdom. Payment terms commonly used include Letter of Credit (L/C), Documents against Payment (D/P), and advance payment.

Sea freight from India to United Kingdom typically takes 18–25 days via the Suez Canal route. Major European ports include Rotterdam, Hamburg, and Antwerp. Air freight is available for urgent or high-value shipments.

Documentation Required

Commercial Invoice

Detailed invoice with buyer/seller details, product description, quantity, price, and Incoterms.

Packing List

Itemized list of contents, weights, dimensions, and package markings for each shipment unit.

Bill of Lading / Airway Bill

Transport document issued by the carrier confirming receipt of goods for shipment.

Certificate of Origin

Certifies that goods originate from India. Required for preferential tariff treatment under trade agreements.

Shipping Bill

Filed with Indian Customs for export clearance. Generated through ICEGATE.

Letter of Credit / Bank Documents

Payment guarantee instrument. Commonly used for first-time trade partners.

Insurance Certificate

Proof of marine/cargo insurance covering the shipment against loss or damage.

Kimberley Process Certificate

Required for rough diamond exports certifying conflict-free origin.

Related HS Codes in Chapter 71

Other Export Destinations for Other: Diamond, cut or otherwise worked but not mounted or s...

Export Other: Diamond, cut or otherwise worked but not mounted or s... to United Kingdom with XIMPEX

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