The diamond sector is pressing for a reduction in import duties on rough diamonds sourced from South Africa, Zimbabwe, Russia, and sawn rough from Israel. Currently, a 5 percent duty is imposed on sawn rough and polished diamonds. The Diamond Association successfully advocated for a reduction to 0.25 percent, aligning with government decisions. Sawn rough represents enhanced cutting material derived from raw diamonds.
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Wed, Jan 22, 2025
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