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Export HS Code 71031012 (Precious stones: Ruby and Sapphire) to United Kingdom

HS Code Details

Code71031012
DescriptionPrecious stones: Ruby and Sapphire
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 7103

India exported $12.57M worth of precious stones: ruby and sapphire (HS 7103) to United Kingdom in 2024. This represents a 129.2% increase from 2023.

India also imported $647.4K of this product category from United Kingdom in 2024.

Export Trend (USD)

2023
$5.49M
2024
$12.57M

Exporting Precious stones: Ruby and Sapphire to United Kingdom

Exporting precious stones: ruby and sapphire (HS Code 71031012) 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 71031012, 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 Precious stones: Ruby and Sapphire

Export Precious stones: Ruby and Sapphire to United Kingdom with XIMPEX

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