Like gold, diamond is considered not only jewelery but also a very precious means of investment. The demand for hero in India has always been high. On marriage, engagement or family occasions, the diamond has special significance due to its brightness and inflation. At the same time, many people also keep it as investment, but the question arises that how many diamonds can be kept in the house and whether there is any law for it.

How many diamonds can be kept at home?

No limit is fixed for how many diamonds can be kept in homes in India. Which means that you can keep diamonds according to your property. However, it is necessary to have transparency in the purchase and maintenance of high value diamonds. This not only ensures security, but any dispute or legal problem in the future can also be avoided.

Tax and Custom Rules on Diamond Purchase

3 percent GST is applicable in India on the purchase of diamonds. On the other hand, if you are bringing diamonds from abroad, then it is mandatory to declare it in custom. Jewelery duty up to 1 lakh for women and up to 50 thousand rupees for men can be brought free. Custom duty on more value jewelery can be up to 38.5 percent. At the same time, it is very important to keep these voice certificates and insurance documents for the purchase and maintenance of diamonds. It is also necessary to keep diamonds in the house because it is more likely to spoil. In such a situation, you can use the jewelery box to keep the diamond safe and you can save the photo of every diamond in digital form. This can prove to be helpful in the event of theft or loss, apart from this, documents are also prepared during the custom and GST.

What should be kept in mind while buying a diamond

While buying cucumbers, it is necessary to first understand the quality of diamonds. Jewelers assess diamonds on the basis of 4C i.e. cut, color, clarity and carat. Apart from this, it is necessary to have a authentic certificate of diamonds like Gia, IGI or HRD. So that his true identity can be ensured. If you are buying a diamond, it is also necessary to check its setting and construction, because the real diamond is strong and does not break easily.

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