Thursday 29 October 2009

Russian and Chinese Market for Gemstones

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