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Gemological Science International gets nod to import diamonds for grading

Mumbai-based Gemological Science International (GSI) Pvt Ltd has been allowed to import diamonds for certification, grading and re-export, according to an official notification

The bigger the diamond and the better the quality, the higher is the price. A one-carat stone will cost upwards of Rs 1.5 lakh, a five-carat will set you back by Rs 15 lakh. Source: Adobe Stock

Press Trust of India New Delhi

Mumbai-based Gemological Science International (GSI) Pvt Ltd has been allowed to import diamonds for certification, grading and re-export, according to an official notification.

This will be the sixth agency permitted by the government for the work.

The other agencies include Gemological Institute of America (GIA), Mumbai; Indian Diamond Institute, Surat; and De Beers India Pvt Ltd, Surat.

"GSI Pvt Ltd, Mumbai, Maharashtra is added as an agency to import diamonds for certification, grading and re-export," the Directorate General of Foreign Trade said in a notification.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Feb 08 2023 | 8:29 PM IST

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