So Who's Bought An Engagement Ring From James Allen/BlueNile? Did You Pay Duty?
Last edited 15/11/2019 - 15:52
I think has been already discussed on other forums but there doesn't seem to be consensus as there are conflicting sources online…
Who here, has bought a >$1000 diamond engagement ring + setting from US-based online stores James Allen/BlueNile? And if so, did you pay 5% duty on top of 10% GST?
From my understanding there is a free trade agreement with the US with loose diamonds (i.e. not in setting) on the list. https://ftaportal.dfat.gov.au/AUS/USA/search/diamond/7102?ex...
However, I can't find any reference to what happens once the diamond mounted in the setting.
According to multiple sources, it seems that purchases over $1000 will incur 5% duty for diamond rings and yet, there are conflicting accounts where people have bought rings without paying 5% duty?
Any help for a confused brother would be much appreciated!
2Yes, paid 10% GST + 5% duty on diamond/gem+setting
0Yes, paid 10% GST + 5% duty on LOOSE diamond/gem
3No, only paid 10% on diamond/gem+setting
1No, only paid 10% on LOOSE diamond/gem