Legal analysis: retail jewelry and jadeite are not subject to consumption tax, while production is subject to value-added tax at the rate of10%; However, gold and silver and gold-based and silver-based alloy jewelry, as well as gold and silver and gold-based and silver-based alloy inlaid jewelry, including diamonds and diamond jewelry, are subject to consumption tax at the retail level, and the tax rate is 5%.

Legal basis: Article 2 of the Notice of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC) on Relevant Issues Concerning Adjustment of Consumption Tax on Gold and Silver Jewelry has a tax rate of 5%.