Diamond advise
Discussion
Looking at buying a diamond and having it set separately. If I were to buy something like this:-
http://www.b2cjewels.com/dd-3544684-0.75-carat-Mar...
How do things like duty, vat etc work? Also, is this a good price?
Cheers
Simon
http://www.b2cjewels.com/dd-3544684-0.75-carat-Mar...
How do things like duty, vat etc work? Also, is this a good price?
Cheers
Simon
VAT and duty are payable on the total price (including shipping and insurance. VAT is the standard 20% and duty is dependant on what the goods are.
For loose diamonds the current rate is 0.0%, so only VAT to pay.
Taking the basic price and assuming $50 for insured shipping, that gives a landed price of £2425.54. Bear in mind that's using current exchange rate and a guess on the shipping price.
You may also get a handling charge from the courier (Post Office currently charges £8 iirc) as an admin fee for clearing customs for you.
For loose diamonds the current rate is 0.0%, so only VAT to pay.
Taking the basic price and assuming $50 for insured shipping, that gives a landed price of £2425.54. Bear in mind that's using current exchange rate and a guess on the shipping price.
You may also get a handling charge from the courier (Post Office currently charges £8 iirc) as an admin fee for clearing customs for you.
ecain63 said:
Prices are comparable to uk trade values. As I diamond buyer I can say that with commitment.
Having no idea on what the mark up would be in your trade, would you say I would save money sourcing a stone this way or for a small premium it would be advisable to look for a UK dealer. ecain63 said:
Depends how reliable you want them to be regarding possible issues. Easy to return or alter specs if the dealer is in the uk. Pain in the bum if you have a problem and you have to send a stone back to America. I can give you a price Monday if you want?
That would be great, thanks.ecain63 said:
We found that exact diamond in the register. My advice: buy it. Its priced at buyers market value so there is no profit for anyone other than you. Nearest I could get was 50% higher due to dollar and vat.
Taken your expert advise and ordered it, thanks!Now to start thinking about a mount.
ecain63 said:
ali_kat said:
SlackBladder said:
Now to start thinking about a mount.
Eddie can help with that too SlackBladder said:
ecain63 said:
ali_kat said:
SlackBladder said:
Now to start thinking about a mount.
Eddie can help with that too Gassing Station | Watches | Top of Page | What's New | My Stuff