Q. How much duty will I have to pay on my jewellery?
Loose gems are basically a duty free item anywhere in the world. The rationale behind this is that someone is going to get a job back in your home country setting up the gemstone into a piece of jewellery. Each country usually has an 'import duty free threshold" for example:
In the United States:
* Up to $1,600 in goods will be duty-free under your personal exemption if the merchandise is from an IP.
* Up to $800 in goods will be duty-free if it is from a CBI or Andean country.
* Any additional amount, up to $1,000, in goods will be dutiable at a flat rate (3%).
Into the European Union:
* Up to a value of €430 for air and sea travellers
* Up to value of €300 for other travellers
* The value on an individual item may not be split up.
The value of personal luggage (i.e. suitcases) and medicinal products for the personal needs of the traveller do not count.
Member States may reduce the above limits to € 150 for travellers under 15 years.
For the United Kingdom:
If you buy goods online from outside the EU for delivery to the UK, you'll have to pay:
* Customs Duty (if over £120 value) and
* Import VAT (if over £18) on top of the purchase price (including duties),
* though Customs Duty is waived if the amount of the calculated duty payable is £7 or less.
Q. Are Loose Gemstones Duty Free?
In many countries, properly declared shipments are subject to customs charges and tax. Import tax or duty is the buyer's responsibility. However, every country has different rules on import duty and tax. For example, in the USA there is no duty or tax on loose gemstones. Australia allows tax-free imports of packages valued under $1,000 AUD. There is a much more lenient process when gems are imported "loose". This is likely because the gem will require a local jewellery to make the setting (therefore bringing a job to a local)
* The import of loose gemstones are Tax-free and duty-free.
All imports are subject to local GST/VAT regardless of shipping method.
Most EU countries impose local VAT on shipments with a value below 150 Euros and shipments with a value above 150 Euros are subject to to customs duty and VAT. Shipments with a value of 22 Euros or less are tax and duty-free. However, orders imported by economy shipping are not usually subject to tax or duty.
Registered mail delivered by Royal Mail is not usually subject to customs tax. Express shipping is subject to VAT plus an administration fee charged by the courier. UK taxes and administration fees are the responsibility of the importer.
Tax-free and duty-free.
Tax-free and duty-free for orders up to $400 SGP in value.
Tax-free and duty-free for orders up to $400 NZD in value.
Tax-free and duty-free for orders up to $250 US in value.
Countries for which economy shipping is recommended:
We recommend economy shipping to the following countries due to strict customs procedures: Belgium, Brazil, China, France, Germany, Greece, India, Indonesia, Russia and Turkey.
Economy and Express Shipping Procedures
In general, for most countries, orders that are sent by regular economy shipping do not usually incur tax or duty. This is because most regular post airmail is not checked by customs. However, for express courier shipments, import taxes are often collected upon delivery at a local VAT/GST rate. For some countries, an import duty rate may apply. The major issue is abiding by the regulations and always making sure that your parcel is insured adequately in case the item goes missing.