How to collect Chinese diamond tariffs?

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Is there a difference between importing tariffs on naked diamonds and diamond ring? How much can we bring from abroad?

4 thoughts on “How to collect Chinese diamond tariffs?”

  1. Brooke

    After the diamond tax adjustment is adjusted, the import tariff will be reduced from 3%to 0. The consumption tax levied by the import and production links will be transferred to the retail section. The tax rate will be reduced from 10%to 5%. VAT remains unchanged.
    The adjustment of the diamond blank inlet tax was reduced from the overall 33.9%to 17%, and the import tax burden of the non -embedded diamond accessories was reduced from 41.7%to 17%. The actual tax burden of diamond rough and finished drills in the import link decreased by 50%and 60%, respectively.
    , Wu Qing, the China Director of the International Diamond Promotion Agency DTC Diamond Promotion Center, pointed out that after the adjustment of diamond import tariffs, the retail price of diamonds will not only decrease, but will increase, and it is expected to rise at about 5%.
    Extended information: US President Trump said on Thursday that from September 1, the United States will impose a 10%tariff on $ 300 billion in Chinese goods. This means that from the beginning of next month, every piece of goods entering the United States from China must levy import tax except for duty -free goods.
    This list is called "level four" tariffs, including rough diamonds and polished diamonds that enter the United States from China (whether processing), loose "artificial gems or semi -artificial gemstone" (whether it is rough or processed Later), and diamonds that are "suitable for jewelry manufacturing". People expectations are that tariffs on this product list will have an immediate impact on all consumer goods from China.
    The new tariffs are obviously concerned by retailers, but as the diamond industry and retail analyst Edahn Golan commented on Twitter, "2018 from China to the United States in 2018 is only $ 233 million. From the perspective of the industry, there are not many. The diamonds imported from the previous five sources in the United States were $ 22.4 billion. The imports of only from India were close to $ 9 billion. "".
    , he said that loose diamonds are not a real problem. On the contrary, jewelry imports are much more important. Golan wrote: "In 2018, they totaled $ 2.1 billion." "This is the threat facing the industry."
    This said, "At the same time, jewelry imports from China are shrinking, and the past 3 years have declined 17.4%. Decrease is not a matter of Trump or politics, but changes in demand, labor costs, quality and design. This is the solution. "

  2. Amos

    Chinese diamonds collect tariffs (3 %).
    Ilads:
    Ttitudes refer to the taxes levied by the government set up by the government set up by the government when passing through a state customs. On March 7, 1985, the State Council issued the "Regulations on Import and Export and Export of the People's Republic of China". On January 22, 1987, the 19th meeting of the Standing Committee of the Sixth National People's Congress approved the Customs Law of the People's Republic of China, of which 5 was the Tariff. In November 2003, the State Council re -revised and issued the "Regulations on Import and Export Tariffs of the People's Republic of China" in accordance with the Customs Law. As a specific implementation method, the "Administrative Measures for the Taxation of Customs Export and Export of Customs of the People's Republic of China" has been reviewed and approved on December 15, 2004, and will be implemented on March 1, 2005.

  3. Preston

    Naked diamond imports: Unpaid tariffs of 3% industrial tariffs 0% non -industrial use (unpaid or simply saw, split, coarse grind) 3% non -industrial 8% diamond ring import: silver tariff 20% gold tariff 20% platinum tariff 35% other platinum 35% low metal system 35% individuals bring entry diamond tax rate: 10%, but the number is limited.

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