Lab-GrownAug 12, 2022
Report: State Bank of India to Begin Lending to Lab-Grown Producers The loans will go mostly to the import of machinery rather than working capital, according to a recent article from The Economic Times.
Policies & IssuesAug 28, 2020
Goods Originating in Hong Kong Must Now Be Labeled ‘China’
The requirement that products made in Hong Kong be marked with China as their country of origin will be enforced beginning Sept. 25.
Washington, D.C.—U.S. Customs and Border Protection is now requiring goods produced in Hong Kong to be marked as originating from China.
The agency published a federal register notice on Aug. 11 outlining changes to how it considers country-of-origin for goods from Hong Kong as a result of a recent Executive Order that eliminated its special status under U.S. law.
Now, all goods produced in Hong Kong can no longer be marked to indicate “Hong Kong” as their origin (“HK”), but instead must be marked “China” (“CN”).
The new rule only applies to goods originating in Hong Kong, not goods that pass through “without substantial transformation,” the Jewelers Vigilance Committee said in an alert sent out to its members.
The change was applicable as of July, but CBP said it’s allowing a transition period for importers to implement the new markings.
As such, the new rule will not be enforced until Sept. 25.
JVC noted the new marking requirement doesn’t subject goods made in Hong Kong to the increased Section 301 tariffs on certain goods originating from China imposed last year.
JVC Senior Counsel Sara Yood also told National Jeweler that though duty rates and other restrictions that apply to China will apply to merchandise originating in and shipped from Hong Kong to the U.S.—directly or indirectly—the change ultimately should have little effect on U.S. jewelry importers, since the duty rates from Hong Kong and China are the same.
Those with questions on the change can contact Yood at sara@jvclegal.org.
More on Policies & Issues
The Latest
FinancialsAug 12, 2022
Brilliant Earth’s Fine Jewelry a Hit in Q2The company is also continuing its retail expansion.
AuctionsAug 12, 2022
2 Rolexes Paul Newman Gave to Stuntman Stan Barrett Head to Auction The sale also will include a third Rolex, with all three watches tied to Barrett’s 1979 attempt to break the world record for land speed.
Brought to you by
The American Mined™ Collection: Ethical Sourcing That MattersRio Grande provides a pathway to responsibly sourced gemstones.
CollectionsAug 12, 2022
Piece of the Week: İTÄ Jewelry’s ‘Danza’ RingIt mixes diamond shapes and colors.
Weekly QuizAug 11, 2022
This Week’s QuizTest your knowledge of the latest jewelry news with this quick test.
AuctionsAug 11, 2022
Sotheby’s Is Preparing its First Art Jewelry Auction This Fall“Art as Jewelry as Art” features works from artists like Salvador Dalí, Alexander Calder, and Max Ernst.
Brought to you by
Knowledge and Skills for Today’s Hot TopicsFrom laboratory-grown diamonds to design to country-of-origin, GIA's Alumni Collective™ has a seminar to suite your needs.
IndependentsAug 11, 2022
Martin Katz Is Moving to a PenthouseThe jeweler is relocating his Beverly Hills store after 20 years and has begun developing a lifestyle brand.
MajorsAug 11, 2022
Brilliant Earth Opens First Missouri Showroom in St. LouisIt’s the company’s seventh showroom opening this year.
Events & AwardsAug 11, 2022
HRD Antwerp Is Bringing Back Its Jewelry Design Competition The Belgian organization is calling for entries from all over the world, with an eye on attracting emerging talent.
ColumnistsAug 10, 2022
On Data: What We Know About Jewelry Sales So Far This YearSherry Smith digs into year-to-date data on lab-grown vs. natural diamonds, the performance of colored gemstone jewelry, and more.
EditorsAug 10, 2022
Take a Tour Through Buccellati’s Vintage Jewelry CollectionAssociate Editor Lenore Fedow leads readers through the Italian jeweler’s works from the 1940s to the 2000s.
CrimeAug 10, 2022
Smash-and-Grab NY Thieves Flee with $2M in JewelsThe NYPD is still searching for the four suspects who robbed Rocco’s Jewelry in the Bronx.
Events & AwardsAug 10, 2022
JA New York Returns with New Designer GalleryThe jewelry trade show is taking place Aug. 14-16 at the Javits Center in New York City.
MajorsAug 10, 2022
GIA Is Now a Sponsor of AGS Young TitleholdersThe sponsorship will help fund programs and initiatives in the upcoming year.
MajorsAug 09, 2022
Signet to Buy Blue Nile in $360M DealThe jewelry giant said the acquisition will allow it to tap into a pool of customers who are younger, more affluent and ethnically diverse.
TechnologyAug 09, 2022
Tiffany & Co.’s CryptoPunk Pendant NFTs Are Sold OutThere were only 250 made available, selling for more than $50,000.
CollectionsAug 09, 2022
Cora Sheibani Shows a Magic Garden of Jewelry at Sotheby’sThe British-based Swiss designer’s “Pottering Around” collection is for sale at Sotheby’s East Hampton starting this week.
SourcingAug 09, 2022
Diamond Price List Introduces ‘Insights’ Platform It provides real-time diamond market analytics.
SourcingAug 09, 2022
Grandview Klein to Donate Dialysis Machines to Namibian ClinicThe diamond firm will give the donation at a ceremony in Namibia this month during a trip for select retail jeweler partners.
CrimeAug 08, 2022
Nehal Modi Sentenced to 3-9 Years in Grand Larceny CaseHe was convicted last month after falsely claiming he had a deal with Costco in order to obtain millions in diamonds from LLD Diamonds USA.
TrendsAug 08, 2022
Amanda’s Style File: Spicy SpinelsTough, vibrant, and full of personality, spinel is a perfect birthstone for August babies, Amanda Gizzi says.
IndependentsAug 08, 2022
Gemist, NDC to Offer Custom Pieces by BIPOC DesignersDorian Webb, one of the designers in the Emerging Designers Diamond Initiative, will be the first to work with Gemist.
MajorsAug 08, 2022
Here’s How to Support Jewelers for Children this JFC DayThe charity will hold its fifth annual fundraising day on Sept. 24.
SourcingAug 05, 2022
Rare Earth Mining Co.’s Bill Heher Dies at 72The passionate gem lover helped bring more than 300 different varieties of stones to the gem trade.
TrendsAug 05, 2022
Piece of the Week: Storrow Jewelry’s ‘Emblem Rosa’ CharmThe brand has attracted attention for its colorful, vintage-inspired pieces.
