Upon arrival in Australia, you may be required to declare your goods and pay import duties. Diamonds only carry a 10% GST (Goods and Service Tax) while on jewelry carry 10% GST (Goods and Service Tax) plus a 5% import duty.
Yes, diamonds are much cheaper in Dubai compared to any other country across the world. The main reason for this is the government doesn't impose any tax here for selling these items. So, customers don't need to pay taxes on buying diamonds. And it makes the diamond price much cheaper in Dubai.
Regardless of the value of your imported diamonds, you will need to enter your shipment on a formal entry. Each Kimberley Process Certificate has its own unique eight-digit number that should be included on CBP Form 7501. Your import of rough diamonds needs to be placed in a container that is resistant to tampering.
Importing jewellery into Australia FAQs:
– You will need to pay 10% GST, as with purchases made within Australia. – If you are importing a diamond ring, you will need to pay 5% import duty. If you are just importing a diamond, you will not need to pay this.
Goods valued at more than AUD1000 require an import declaration. Goods valued at, or below, AUD1000 require a self-assessed clearance (SAC) declaration. See: Declarations for imported goods. Passengers or crew (of a ship or aircraft) need to accurately complete their Incoming Passenger Card.
General goods include gifts/souvenirs, electronic equipment, leather goods, jewellery, watches, perfume and sporting goods brought in from overseas or purchased in Australia on a duty/tax free basis on arrival. General goods don't include alcohol and cigarettes.
Use Carry On Baggage
If you're flying, we recommend carrying all precious diamond jewelry in the cabin bag. Avoid storing expensive pieces in luggage bags for they are more susceptible to getting lost.
If you're traveling out of the country, you do not need to declare your ring if you purchased it in the U.S. To avoid your personal item being questioned, the U.S. Customs and Borders Protection says a dated copy of a jewelry appraisal, jewelry insurance policy or receipt can be used to prove ownership of the jewelry.
NO, airport scanners cannot detect diamonds or other types of gemstones you may be wearing or carrying.
Dubai is deemed as one of the cheapest places to buy diamonds and rightly so. There's a reason that it is regarded as one of the world's top three diamond trading centers—the other two being India and Belgium.
DUBAI GOLD IS PURE
The purity and quality of jewellery is something you won't have to worry about when buying gold in Dubai. All merchandise sold by jewellers is regulated by the government which ensures the authenticity of any gold item sold in Dubai.
Russia. Russia is said to have the world's largest and richest diamond reserves. By volume, they are the greatest producer and exporter of rough diamonds in the world.
In most cases, it's perfectly OK to wear your fine jewelry through the checkpoint station instead of removing it, according to the U.S. Transportation Security Administration (TSA). Your fine jewelry should NEVER be packed into your checked luggage.
If you are aged 18 years or over, you can bring up to AUD900 worth of general goods into Australia duty free. If you are under 18 years of age the limit is AUD450. If you are a crew member, the limit is AUD450.
Most fine jewelry and small pieces will go through airport security without a problem. Anything that's bulky or made of metal can trigger a wand-down, though, so make sure to remove those pieces and place them in your carry-on before going through security.
Most of the time you'll be asked to clear your pockets of any objects as you go through airport security....so hiding the ring there temporarily is not the best idea. Having the ring tucked away in your bag won't set off any alarms, but there's always the chance your bag can get searched.
Jewellery will only set off metal detectors if it's made from magnetic metals. This means that you don't need to remove good-quality rings, necklaces, bracelets and piercings if they're made from silver, gold or platinum.
In most cases, it's okay to wear jewelry when passing through airport security, as most jewelry won't set off any metal detectors due to the materials they're made of. Larger jewelry items might set off the metal detector, so it's recommended to remove them before going through security to avoid any delays or hassles.
It is sometimes said that diamonds don't show up on X-ray images. That's not true, as diamond smugglers can be caught in X-ray checks. However, it is true that, in the early days of X-rays, diamond rings could be distinguished from synthetic or 'paste' stones used in costume jewellery using X-rays.
Can a Metal Detector be Useful for Finding Diamonds & Gemstones? This leads to an important point: metal detectors will not detect non metal items such as gemstones, diamonds and pearls. What a metal detector can do is lead you to indicator minerals, which are used by prospectors.
Diamond, of low atomic number, is particularly transparent to x-rays.
Bring goods in under carnets
You will need a carnet for temporary duty/tax-free entry of goods such as commercial samples, jewellery, goods for international exhibitions, equipment for sporting events, professional television and film equipment. There are different types of carnets.
"There are no restrictions on how much gold you can bring in and there are no restrictions on the amount you can take out, either as bars or jewellery," he said. However, there are regulations.
Do not bring fresh fruit and vegetables, meat, poultry, pork, eggs, dairy products, live plants or seeds. These products could introduce serious pests and diseases into Australia, devastating our valuable agriculture and tourism industries and our unique environment.