Diamond India

What Diamond India does

Diamond India Limited (DIL) is a Mumbai-headquartered trade body and Government of India–notified Nominated Agency for the import and supply of precious metals to the Indian gems and jewellery industry. Incorporated in 2002 and operational since 2007, DIL was formed by 58 members of the gems and jewellery trade with the active support of the Gems and Jewellery Export Promotion Council (GJEPC). In 2009 it became the only private-sector body notified by the Ministry of Commerce for precious-metals import and supply, a regulatory designation that underpins its entire business model. The company serves domestic jewellers, jewellery exporters, and — as its primary stated focus — small and new exporters, supplying gold, silver, platinum, silver alloys, and rough diamonds through a portfolio of domestic and export-oriented government schemes.

DIL's product portfolio spans core supplies (rough diamonds sourced directly from overseas miners, and precious metals authorized through its Nominated Agency status) and a structured suite of schemes: domestic outright purchase of gold, silver, and platinum; TRQ/CEPA-based concessional-duty imports under the India-UAE trade agreement; export schemes for duty-free gold and silver; metal loans against bank guarantees; and post-export replenishment facilities. Onboarding is facilitated through an online KYC portal (kyc.diamondindia.net), complemented by a pan-India network of 18 physical centres co-located with GJEPC offices in several cities. The company's core technology is therefore primarily regulatory-scheme execution and digital customer onboarding rather than proprietary software.

DIL earns revenue primarily through transaction fees on the supply of precious metals to jewellers and exporters, with all distribution conducted within India. Its go-to-market combines direct enterprise sales via the 18-centre field network with self-serve onboarding through the KYC portal. Recognition includes five consecutive years (2019–2022) as Best Nominated Agency at the India International Gold Convention. Ownership is structured collaboratively among its 58 trade-member constituents rather than private shareholders, and the entity has not raised external venture or private equity funding.

Name

Diamond India

Legal name

Diamond India Limited

Website

https://diamondindia.net

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

Diamond India Limited is a Government of India–notified Nominated Agency that imports and supplies gold, silver, platinum, silver alloys, and rough diamonds to domestic jewellers and jewellery exporters across 18 Indian cities.

Ownership category

akta.pro rank

Product category

Gems and Jewellery Trade Services

NAICS

Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers (42394)

SIC

Wholesale-Jewelry, Watches, Precious Stones & Metals (5094), Wholesale-Metals & Minerals (No Petroleum) (5050)

akta.pro primary industry

Rough Diamond Trading & Brokerage (CRAKAJAC)

akta.pro secondary industry

Fine Jewelry Wholesale & Trading (CRAKAAAL)

Keywords

• Precious metals supply
• Rough diamond sourcing
• Gems jewellery trade
• Nominated agency import
• Duty-free gold exports

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices15 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D

Revenue model

1. Precious Metals Supply: Supply of imported precious metals (gold, silver, platinum, silver alloys) to domestic jewellers and jewellery exporters under various government schemes.
2. Rough Diamonds Supply: Sourcing and supply of rough diamonds directly from overseas miners for supply to local manufacturers.
3. Export Scheme Services: Services under export schemes including duty-free gold/silver purchase for jewellery exports, metal loans, and replenishment facilities.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Diamond India Limited is a government-nominated trade body that imports and supplies precious metals (gold, silver, platinum, silver alloys) and rough diamonds to domestic jewellers and jewellery exporters across India. Operating 18 centres nationwide, the company enables duty-free import under various GOI schemes (including India-UAE CEPA), provides outright purchases for domestic use, metal loans, and post-export replenishment facilities to support jewellery manufacturing and exports.

Product overview

Diamond India Limited operates as a Government-Nominated Agency for import and supply of precious metals, offering a portfolio of products and services to the gems and jewellery industry. The core offerings include Rough Diamonds (sourced directly from overseas miners) and Precious Metals (gold, silver, platinum, silver alloys). These are distributed through two main scheme categories: Domestic Schemes (outright purchase of gold, silver, platinum, and silver alloys, plus TRQ and CEPA import facilities) and Export Schemes (duty-free gold/silver purchase, metal loans, and replenishment facilities for exporters). The company also provides an Online KYC Portal for customer onboarding. The portfolio is unified around the company's role as the only private-sector body notified by the Ministry of Commerce for precious metals import.

Differentiator

Problem solved

Functional benefit

Products and services

• Rough Diamonds Supply Sourcing of rough diamonds directly from overseas miners for supply to local diamond manufacturers, enabled by the company's unique corporate structure and large investment corpus.
• Precious Metals Supply Import and supply of precious metals including gold, silver, platinum, and silver alloys for domestic jewellers and jewellery exporters, authorised through the company's Nominated Agency status.
• Domestic Purchase Schemes (Gold, Silver, Platinum) Outright purchase facility for gold, silver, and platinum against 100% payment for domestic use by jewellers, enabling immediate supply for domestic jewellery production without duty-free export obligations.
• Silver Alloys Import Scheme Import facility for silver alloys where the company imports for customers as necessary, with option to suggest preferred overseas suppliers for empanelment.
• TRQ License Import Scheme (India-UAE CEPA) Import and supply of gold at concessional rate of duty under India-UAE CEPA against Tariff Rate Quota (TRQ) licenses issued to jewellery exporters.
• CEPA Silver Import Scheme Import and supply of silver at concessional rate of duty under the India-UAE CEPA framework for jewellery exporters.
• Export Gold and Silver Purchase Schemes Purchase of duty-free gold and silver for jewellery exports against 100% payment, with 90-day export timeline, 270-day realisation period, and proof of export required for duty exemption.
• Metal Loan of Gold Duty-free gold on loan basis for jewellery exports against Bank Guarantee or Cash Margin security, with 90-day export and 180-day realisation requirement.
• Gold Replenishment after Export Post-export delivery of duty-free gold as replenishment of domestic gold used in jewellery, available on booking basis or Notional Rate Certificate (NRC) basis.
• Gold Replenishment against Exhibition Sale Duty-free gold facility against jewellery sold in exhibitions abroad, available within 120 days of exhibition close against certified export documents.
• Online KYC Portal Digital onboarding platform at kyc.diamondindia.net enabling customers to complete Know Your Customer registration online through a multi-step process, including basic information, application form, and agreement submission, to access DIL's import and supply services.

Quantifiable outcome

• Best nominated agency consecutively for five years at India International Gold Convention

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• GJEPC (Gems and Jewellery Export Promotion Council)coreStrategic or Co-development PartnerDIL was formed with the active support of GJEPC. GJEPC is the governing council that facilitated the creation of DIL as a nominated agency for precious metals import. DIL offices are co-located with GJEPC in several cities including Delhi, Jaipur, and Surat.
• Ministry of Commerce, Government of IndiacoreOthersDIL is the only body in the private sector notified by the Ministry of Commerce, Govt of India, as a nominated agency for import and supply of precious metals. This regulatory designation enables DIL to import and supply gold, silver, platinum, and silver alloys.

Scale indicators5 records

Recent moves15 records

Expansion highlights5 records

Direct peers

• Rosy Blue: One of the world's largest diamond manufacturing and trading companies with deep Indian presence. Comparable as a diamond and precious materials trade intermediary serving jewellery manufacturers and exporters.
• Hari Krishna Exports: One of India's largest diamond manufacturers and exporters, headquartered in Surat—the world's diamond cutting hub. Comparable as a customer and counterparty in the rough diamond/precious metals supply chain that DIL serves.
• Dimexon Diamonds: Global diamond cutter and supplier with Indian manufacturing operations. Comparable as a participant in the rough diamond trading and jewellery supply ecosystem that DIL intermediates.
• State Trading Corporation of India (STC): Government of India undertaking that serves as a nominated agency for metals and mineral imports. Direct regulatory peer to DIL in the precious metals distribution channel.
• MMTC Limited: Indian government-owned nominated agency for precious metals import and trade. Most direct functional peer to DIL—competes in the same nominated agency space for precious metals supply to Indian jewellers.
• KGK Group: Vertically integrated diamond and coloured gemstone mining, manufacturing, and trading company with significant Indian operations. Highly comparable to DIL as a precious materials wholesaler/trader serving the jewellery industry.

Broad incumbents

• Titan Company: India's largest branded jewellery retailer (Tanishq, Mia, CaratLane). A downstream player in the value chain and a major consumer of precious metals that DIL supplies indirectly via the trade ecosystem.

Others

• De Beers Group: World's leading diamond mining and marketing company. Upstream supplier of rough diamonds, comparable as a counterparty in DIL's rough diamond sourcing activities rather than as a direct competitor.
• Jewelers Mutual (GJEPC affiliated): Not a peer company but the GJEPC is the apex industry body that helped form DIL and co-locates with it in multiple cities. Strategic ecosystem partner governing the trade DIL serves.
• Rio Tinto Diamonds: Major upstream rough diamond miner and supplier. Relevant as DIL sources rough diamonds from overseas miners—often major mining groups like Rio Tinto and De Beers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/DiamondIndiaLtd
• Facebookfacebook.com/DiamondIndiaLimited
• LinkedInlinkedin.com/company/diamond-india-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Diamond India