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Two large T.V. Shopping Networks of the U.S.A. had joined hands to run a Spanish language network for the U.S.A., other Latin American countries and Spain. Since Spanish speaking people number about 540 million in various countries, this home T.v. Shopping Service had been helpful in pushing gems and jewellery sales as well.

Flourishing Tourist Trade: With its beautiful islands, Spain is a popular tourist resort. Besides large jewellery sales to inland buyers, Spain commands substantial sales to tourists, which contribute handsomely to national revenue.For promotion of gems and jewellery, Spain holds the annual famous international fair. Wholesale turquoise Jewellery

Tariffs on Imports: All imports are licensed and some are reserved for official trading. Diamonds enjoy duty-free entry, but colored gemstones attract 5% customs duty and 2% compensation tax (tax in lieu of internal excise).
Imitation jewellery and articles containing lesser colored or synthetic stones are subjected to stiffer import levies. Wholesale gemstone Jewellery

Imports-Exports: Cut and polished diamonds are imported mainly from Belgium.For Spanish jewellery, the USA and France are important buyers. The European Union countries and the rest of Europe absorb about 80% of Spanish exports.

Trade With India: Spain imports precious goods from many countries including India.The inflow from India mainly includes polished diamonds and colored gemstones. Lately Indian gems-studded jewellery has also been added to the imports list.