India exports a variety of jewellery types and metals, including fine and fashion jewellery. This includes jewellery made of gold and silver. This guide will help you learn how to export diamonds and jewellery from India, including the necessary paperwork.
About 14% of India’s total merchandise exports is due to the jewellery industry. India’s jewellery export is one of the world’s largest. India has a global market reach when we talk about jewellery. Due to its rich heritage and history, Indian jewellery has been a classic trend for centuries globally. And the trend continues. The country exports multiple types of ethnic jewellery made of gold, silver, copper, etc.
The demand for Indian jewellery has increased now, mostly after the paradigm shift of the global market due to digitalisation. Exporters and sellers in India should expect a boost in business due to rising demand for their wares from overseas buyers. Also, exporting and importing across boundaries has become easier due to the advancement of e-commerce. The Gems and Jewellery Export Promotion Council (GJEPC) was established to assist with the jewellery exporting business. They came up with various marketing and advertising initiatives.
Laws and Regulations Governing Jewellery Export From India
One must follow all the laws and procedures related to exporting goods. The laws are stringent for jewellery export. Below is a rundown of all the registrations and licences you’ll need to get started in the EXIM sector of the economy. From company registration to obtaining the right codes and documents, an exporter must be mindful. To govern these rules, GJPEC was formed.
Gems and Jewellery Export Promotion Council
The Government of India established the Gems and export of jewellery from india Promotion Council (GJEPC). It was done in collaboration with the Ministry of Commerce and Industry. This body of authority is solely responsible for boosting the export of Indian jewellery in the global market.
Required Paperwork for Shipping Jewelry Out of India
The following are the forms that need to be filled out to export jewellery from India:
- Permanent Account Number (PAN)
- Number of Authorized Dealers (AD code)
- The number for Identifying Goods and Services for Tax Purposes (GSTIN)
- DGFT Importer-Exporter Code (IEC)
- A Business Identification Number (BIN) is issued by Customs using the Permanent Account Number.
- GJEPC’s Registration and Membership Certificate (RCMC)
- Proof of Origin Certificate
- Formal Proof of Insurance
In addition to the paperwork above, you may also need to secure a few additional documents, depending on the manner of transport and the importing country.
What steps should be taken to begin shipping jewellery abroad from India?
India’s most important markets for jewellery exports are the United States, the United Kingdom, Japan, and other European countries. Jewellery of all shapes, sizes, and materials can be exported from India using Amazon’s Global Selling e-commerce exports programme, which is quick and simple. A vendor from India named Shreya Vora used Amazon to expand sales of her jewellery beyond the borders of her home country. In 2015, she became an Amazon global seller. She registered her brand, Aheli, with Amazon USA. A massive international audience got captivated by the brand’s bright and stunning Indian ethnic accessories. They quickly flocked to the brand. With rising sales, notably during Amazon’s worldwide events like the Black Friday sale, Aheli observed an increasing Year-on-Year growth.
“We have been achieving a robust 50% Y-o-Y growth over the last three years and have quickly become a top-selling Indian jewellery brand on Amazon.” – Shreya Vora, Founder at Aheli.
Anyone in India can sign up for Amazon Global Selling and begin exporting immediately.
The following are the steps necessary to export jewellery from India:
Start by establishing an export business account with Amazon Global Selling. To sell on Amazon India, you need not be an established seller on the platform. Seller Central’s online signup process only takes about 15 minutes to complete. The following items are required for registration:
- Authentication Requirements:
- Photo Identification (Aadhar, driving licence or passport)
- Documentation of a legitimate business location (Bank statement)
- Money Orders (international transactions enabled)
Exhibit your wares by listing them.
List your products on Amazon after you sign up to sell internationally. If you want to attract buyers from all over the world, your product listings must have appealing photos and descriptions written in a language they can understand. If you want assistance, you may contact some alternative service providers.
Delivery, Shipment and Payments
You can use your delivery staff or Amazon’s Fulfillment Service whenever a consumer places an order (FBA). As part of FBA, Amazon handles all packaging, transport, returns, and customer service. If you sell an item on Amazon, the proceeds will be paid to you in the denomination of your choice as soon as a client makes a purchase.
Q1. What are the regulations regarding the export of gold jewellery?
A1. You may use Amazon Global Selling to export jewellery from India easily. In only 15 minutes, you can be registered to export gold jewellery to any of the 200+ countries and territories we serve, including the United States, the United Kingdom, Australia, the United Arab Emirates, and more.
Q2. A jewellery export license: how do I get one?
IEC, PAN, GSTIN, and an AD code are just some documentation you may need to begin exporting jewellery from India. Other requirements vary by country and shipping method.