In China, jewelry processing needs to pay consumption tax. Relevant consumption tax rate:

(1) The tax rate for gold and silver jewelry is 5%; Only gold, silver and gold-based and silver-based alloy jewelry, as well as gold, silver and gold-based and silver-based alloy inlaid jewelry. Levy consumption tax in the retail sector.

(2) The tax rate for non-gold and silver jewelry is10%; Including all kinds of jewelry and all kinds of jewelry and jade are mined, polished and processed. Consumption tax is levied in production and sales.

According to the Table of Consumption Tax Items and Taxes (Taxes) and Notes on the Scope of Consumption Tax Collection, enterprises that produce and process jewelry and jade should calculate and pay tax increase at the rate of 10% in the production and processing.

The Notice of the Ministry of Finance of People's Republic of China (PRC), State Taxation Administration of The People's Republic of China, on the Tax Policy of Diamonds and Shanghai Diamond Exchange (Caishui [2006 54 38+0] 176) stipulates that the tax payment link of consumption tax on diamonds and diamond ornaments will be moved from the current production link and import link to the retail link; The consumption tax on non-inlaid finished diamonds and diamond ornaments is reduced by 5%.

Measures for the administration of diamond consumption tax with the tax payment moved backward shall be formulated separately by State Taxation Administration of The People's Republic of China. Therefore, when calculating the consumption tax, diamonds and other jewels and jade should be calculated separately.