Russia and China are 2 very rapidly growing markets for colour gemstones. Consumers are very interested in colour gemstones, particularly in China where they believe it could bring good health and good luck.
These 2 wealthy nations have high demand, but custom procedures are strict and complicated. Taxes and VAT are very high like 8% and 17% for China and 20% and 18% for Russia respectively. Major Cities in China with high trade volumes in gemstones are Panyu, Guangzhou, Shenzhen, Shanghai, Beijing and for Russia are Moscow, St. Petersburg, Ekaterinburg, Kostroma.
Vikas Gandhi
www.gemporium.net
