19 Jun 2019
DiamondWorld Directory
Home |
News
Home
China to Cut Import Tariffs on Diamonds and Jewellery from July 1
A total of 18 tax items involving jewellery categories are included in the tariff reduction, with an average tariff rate drop of 68 per cent.
By: Diamond World News Service
|
Jun 11 2018 10:56AM
|
Reference: 16429  

DecreaseIncrease

China will reportedly cut import tariffs on nearly 1,500 consumer products as from July 1, including gold jewelry set with diamonds, as well as precious stones, in a bid to boost imports as part of efforts to open up its economy.

A total of 18 tax items involving jewellery categories are included in the tariff reduction, with an average tariff rate drop of 68 per cent. The import tariff rate for gold and silver jewellery products, including those set with diamonds, will be reduced from 20 per cent to 8 per cent; the rate for gemstones or semi-precious stones products, along with natural or cultured pearl products will be reduced from 35 per cent to 10 per cent; and the rate for platinum and other precious metal products will also drop from 35 per cent to 10 per cent. The average tariff rate of all 1,449 products imported from most favoured nations will be reduced by more than half, to 6.9 per cent from 15.7 per cent, the finance ministry said in a statement on its website.

Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
Advertisement
HouseAd_Trade Fair
Search News by City
Advertisement
Kosher 23460
Advertisement
Kosher 23460
Recent Issue
2019
AVAILABLE NOW...!
Advertisement
Kosher 23460
News in Pictures
Videos
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
Spotted: Who Wore What (August 2018)
Pictures: 4
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 14017
GJEPC Chairman Interview
Views: 12899
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 19773
Promo for IJ Awards 2012 at NDTV Profit
Views: 32375
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 35518
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 10453
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 33817
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 31901
Advertisement
KGK_Antwepr
Advertisement
Big Sub-IJ/DW
Member of:
Supporter of: