Experts mentioned this ruling will cut back the GST payable on resale of second-hand jewelry. Currently, the trade usually expenses GST at three per cent rate on the gross sale worth acquired from the purchaser. From minimal, subtle jewellery to Billy Porter-style maximalist accessorising, the recent years in style have seen it all. At first glance, the components unsettling the economic outlook for 2023 — rising inflation, looming recession and the struggle in Ukraine — look like harbingers of doom for the high-end jewellery enterprise. A goldsmith works on a bracelet at Bulgari’s jewelry manufacturing unit in Valenza, Italy.
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