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.

International firms attending Professional Beauty GCC 2025 say understanding the Gulf Cooperation Council region’s diversity is essential.

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.

This page lists the contact information of Hong Kong trade associations related to jewellery.

CBP has reclassified certain earrings with cubic zirconia as jewellery of semi-precious stones under HTSUS 7116.20.0500 (3.3 percent duty) rather than as imitation jewellery of plastic under HTSUS 7117.90.7500 (duty-free) and is seeking public input through 26 April on a proposal to reclassify certain optical patch panels.

India has reduced customs duties on jewellery and parts, effective from 2 February 2025. The customs tariff for HSN Code 7113, covering articles of jewellery and parts thereof, has been reduced from 25% to 20%. HSN Code 7113 includes gold, silver and platinum jewellery, as well as other precious metals. The duty on platinum findings has also been reduced from 25% to 5%.

In 2024, Hong Kong exports of fine jewellery dropped by 8%. At the same time, exports of pearls, gemstones and rough diamonds were down 23%, while exports of imitation jewellery rose by 7%.

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).