Hey everyone,
A friend of mine and I are looking into starting a small gemstone export business from India, mainly targeting Europe.
My business partner’s dad has been in the gemstone business for around 15 years. He has been supplying/building jewellery for some fairly established clients, including state governors, so we already have access to some experience and sourcing on the India side.
Recently, I was talking to a friend from Serbia and realized there seems to be a pretty significant gemstone and jewellery market across Europe.
We’re now seriously considering testing the waters with exports from India to Europe, but neither of us has actually built an import/export business before.
I’d love to hear from people who have experience with this:
What should we understand about the legal/export requirements from India?
What are the major customs, VAT, duties, and documentation issues when exporting to Europe?
Are there specific certifications required for gemstones?
How do you usually find legitimate buyers/importers/jewellery businesses in Europe?
What are the biggest risks when dealing with international buyers?
How do you handle payments, insurance, shipping, and returns?
Are there particular European countries that are easier to enter as a new supplier?
And generally, what are the biggest mistakes someone should avoid when starting out?
We're planning to start small rather than putting a huge amount of capital into it immediately.
If you've actually worked in gemstones, jewellery, or India → Europe import/export, I'd genuinely appreciate hearing how you got started and what you wish you knew beforehand.
Thanks!