HKTDC conducted surveys with 1,507 buyers and exhibitors at the Hong Kong International Jewellery Show 2026 and the Hong Kong International Diamond, Gem & Pearl Show 2026. Respondents were cautious as to their 2026 prospects and expected that it would take one to two years before confidence was fully restored. They also saw stylish fashion jewellery and precious jewellery as the most in-demand product segments, with gold-karat yellow the preferred choice of metal.
The General Administration of Customs ceased applying the value-added tax (VAT) exemption policy for imported platinum on 1 November. VAT exemptions for rough diamond imports and tax rebates on finished diamond imports have also been terminated.
The Polish Competition Authority (UOKiK) announced, earlier this year, a decision imposing a fine of PLN 4.3 million, roughly €1 million, on Scott Sportech Poland. The fine arose from the authority’s finding that the company had unlawfully restricted online sales of bicycles through measures imposed on its authorised dealers. At the same time, in Italy, the national competition authority (AGCM) is pursuing an ongoing investigation into the jewellery company Morellato on similar grounds, specifically concerning limitations placed on distributors regarding online platform sales.
Rising income and growing environmental awareness among consumers in Asia-Pacific generate new business opportunities for product and brand stressing on sustainability. Jeanine Hsu, niin’s company founder and designer, spoke with HKTDC Research on the importance of her brand’s values and designs, and her approach to business in the ASEAN region.
The GBA Standardization Research Center announced on 22 May that nine new items have been added to the list of standards to be adopted throughout the GBA upon consultation and mutual confirmation by the parties concerned in Guangdong, Hong Kong and Macao.
In January 2025, the United Arab Emirates’ Ministry of Finance (MoF) expanded its reverse charge mechanism to include precious metals, stones and jewellery. More specifically, under terms of 2024 Cabinet Decision No.127, VAT-registered businesses are no longer required to charge or collect VAT from other VAT-registered customers for such goods, with buyers now responsible for calculating, declaring and reporting the VAT on their tax returns. The updated regulation applies to such precious metals as gold, silver, palladium and platinum; such precious stones as diamonds (natural and manufactured), pearls, rubies, sapphires and emeralds; and jewellery made from precious metals or stones (though only if the value of the precious metals and / or stones utilised exceeds that of other components).