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Export HS Code 7103 (Precious Stones (other Than Diamonds) And Semi-precious Ston...) to Italy

HS Code Details

Code7103
DescriptionPrecious Stones (other Than Diamonds) And Semi-precious Stones, Whether Or Not Worked Or Graded But Not Strung, Mounted Or Set; Ungraded Precious Stones (other Than Diamonds) And Semi-precious Stones, Temporarily Strung For Convenience Of Transport
Chapter71
SectionXIV โ€” Precious Stones & Metals
Duty RateRefer to tariff schedule

๐Ÿ‡ฎ๐Ÿ‡น Italy

CapitalRome
CurrencyEuro
RegionSouthern Europe
India Export Rank#16
Trade AgreementNone

Indiaโ€“Italy Trade Data for HS 7103

India exported $38.67M worth of precious stones (other than diamonds) and semi-precious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport (HS 7103) to Italy in 2024. This represents a 54.5% increase from 2023.

India also imported $1.05M of this product category from Italy in 2024.

Export Trend (USD)

2023
$25.03M
2024
$38.67M

Exporting Precious Stones (other Than Diamonds) And Semi-precious Ston... to Italy

Exporting precious stones (other than diamonds) and semi-precious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport (HS Code 7103) from India to Italy requires attention to documentation, packaging standards, and customs regulations. Indian exporters should ensure compliance with both DGFT export regulations and Italy's import requirements.

Key considerations include proper classification under HS 7103, accurate valuation, and meeting any product-specific standards or certifications required by Italy. Payment terms commonly used include Letter of Credit (L/C), Documents against Payment (D/P), and advance payment.

Sea freight from India to Italy typically takes 18โ€“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 Precious Stones (other Than Diamonds) And Semi-precious Ston...

Export Precious Stones (other Than Diamonds) And Semi-precious Ston... to Italy with XIMPEX

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