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The Shenzhen jewelry and jade bonded service (trade) platform was officially upgraded to the Shenzhen international jewelry and jade comprehensive trade platform on Dec. 23 last year, the first and the only of its kind in Shenzhen to have obtained approvals from the government and customs authorities.
Products across all jewelry categories can be displayed on the platform to attract prospective buyers before customs clearances and trading. That means jewelers can see and check goods in advance through the platform, which will greatly improve customs clearance efficiency and save procurement costs.
At the same time, the platform is not only for exhibition and trading but also integrates functions of facilitating jewelry design, processing, manufacturing, testing, evaluation, and related financial services.
The platform has become more popular among jewelry dealers after the country optimized its COVID-19 pandemic prevention and control response protocols late last year.
By the end of February this year, more than 200 enterprises had signed up cooperation contracts with the platform, and the total import-export value of jewelry and jade products through the platform had hit nearly 5 billion yuan ($730 million), covering colored gems, pearls, finished diamonds, inlaid jewelry, coral, jade, and other varieties, contributing nearly 100 million yuan in import tax revenues.
Last year, the value of imported pearl products and colored raw gem materials through the platform accounted for more than 60% and 30%, respectively, of the national total.
The platform aims to integrate almost all transaction links to enhance the stability and competitiveness of the industrial and supply chains of Shenzhen's jewelry and to improve the supervision efficiency.
With the help of the platform, jewelry enterprises can not only receive policy guidance and public services related to the industry’s development but can also enjoy preferential policies, said Shenzhen Customs.