China Removes Diamond Sector’s Tax Discount

VAT decision could damage natural market and promote local lab-grown polishing.
The Shanghai Diamond Exchange by David Polak image

The Chinese government has stripped the country’s main diamond exchange of its preferential tax treatment.

From November 1, importers of polished diamonds through the Shanghai Diamond Exchange (SDE) will no longer enjoy a heavily reduced rate of…

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China Removes Diamond Sector’s Tax Discount

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