DiamondBuzz
EFTA deal will see diamond tariffs gradually reduce to zero over the next decade
Tariffs on Indian diamonds are currently between 2.5 per cent and 5.0 per cent. The new agreement will see a phased reduction over 10 years to zero.
India has signed a trade agreement with four of its smaller European trading partners that will see diamond tariffs gradually reduce to zero over the next decade.The deal with Switzerland, Iceland, Liechtenstein and Norway, all non-EU members belonging to the European Free Trade Association (EFTA), aims to generate $100bn in investment across all sectors over the next 15 years.
In terms of diamonds, Switzerland is by far the most significant importer from India. The others currently trade negligible diamond volumes with India.
The Trade and Economic Partnership Agreement (TEPA) was agreed in March, after 16 years of negotiations, but has only just been ratified by all four member countries.
On Saturday (19 July) India’s commerce and industry minister Piyush Goyal officially announced that the agreement will come into effect from 1 October.
Piyush Goyal said: “The agreement is one of India’s most comprehensive trade pacts, expected to significantly deepen economic ties by unlocking substantial foreign direct investment and boosting trade across multiple sectors.”The pact targets $50bn in Foreign Direct Investment (FDI) over the first 10 years, followed by another $50bn in the subsequent five years, aiming to generate one million direct jobs in India.”
DiamondBuzz
Celebrating Perfectly Imperfect Friendships With Natural Diamonds – De Beers
A Thoughtfully Curated Natural Diamond Bracelet Collection Celebrating Friendships That Thrive Through Individuality, Connection, and Timeless Bonds
The best friendships aren’t built on being the same, they’re built on celebrating what makes each of you different. One is the planner, the other the spontaneous one. One speaks in long voice notes, the other replies with memes. Yet somehow, it always works. It’s these beautifully imperfect bonds that deserve to be celebrated.
The Bestie Bracelet Collection honours these unique friendships through natural diamonds that symbolise strength and enduring connection. Thoughtfully designed as complementary pieces, each bracelet reflects the bond between besties who may not always match but always belong together.
Because real friendships deserve natural diamonds.
The Complementary Link Set
They say opposites attract and best friends prove it every day. One bracelet pairs bold, sculptural links with delicate chain details, while the other mirrors the story in its own distinctive way. A brilliant natural diamond sits at the heart of each design, reminding you that despite your differences, you’re connected by something timeless. Made to be worn apart but always thought of together, these bracelets celebrate friendships that are balanced, complementary and beautifully authentic.
The Aligning Rhythms Set
Some friendships simply fit. Designed as two complementary bracelets that align when brought together, this set celebrates the idea that the best relationships aren’t about being identical; they’re about bringing out the best in each other. Set with natural diamonds, no two exactly alike, the bracelets reflect the unique qualities each friend brings to the relationship. Individually elegant and even more meaningful together, they are a timeless celebration of a bond that feels effortlessly complete.
The Diamond Cipher
Every friendship has a language only the two of friends understand. Inspired by Morse Code, this bracelet uses alternating baguette and round unique diamonds to create a hidden message, subtle enough to go unnoticed, meaningful enough to last forever. Just like the bond it celebrates, every natural diamond is one of a kind, shaped by nature over billions of years, making them as timeless as the friendship they represent. Minimal design yet rich in sentiment, it’s made for the friend who knows exactly what you’re thinking with just one look.
The Eternal Circle
Some bonds never need words. Designed as two complementary bracelets, each carries one half of a timeless circle, one adorned with pavé-set natural diamonds, the other centered around a single bezel-set diamond. Distinct on their own, complete in meaning together, they celebrate a friendship that’s constant, effortless and enduring. Like real diamonds, whose extraordinary journey spans billions of years, some connections are made to last a lifetime and beyond.
Because no matter the distance, true friendships always come full circle & are truly valuable.
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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.