Jewelry Industry Not Growing becauseTax : http://www.tokohindonesia.com/lintas-berita/artikel/968422/industri-perhiasan-tak-tumbuh-karena-pajak/7August 2015
Ministry of Maritime Affairs and Fisheries stated, by wearing VAT-BM towards jewelry, the main reason why businesses are not growing in the jewelry industry in the country. Because, when the perpetrators jewelry maker in the country, is taxed ranges from 40-70 percent.
"Because pearls are also grouped luxury goods after molding so jewelry," said Director of Product Development non-consumption of the Directorate General of Processing and Marketing (DG P2HP) of Fisheries Ministry of Marine Affairs and Fisheries Maman Hermawan when found in Kebon Sirih, Jakarta, Friday (7/8 / 2015).
IKM RI will Supply Jewelry for Swiss Watch Industry: http://bisnis.liputan6.com/read/3024405/ikm-ri-bakal-pasok-perhiasan-untuk-industri-jam-tangan-swiss/16 July 2017
The Ministry of Industry initiated business cooperation between the domestic jewelry industry and Swiss watch companies. This move is expected to further expand the market access of local products to the global region thus increasing the country's foreign exchange from export. This is one result of a bilateral meeting between the Minister of Industry Airlanga Hartarto and Swiss Minister of Economy, Education and Research Johann N. Schneider-Ammann.
Minister of Industry explained, domestic jewelry industry has been able to compete in the international market with design and products of superior quality. This can be seen from the export value of Indonesian jewelry products to the world in the period of 2011-2016, showing an increasing trend of 16.85 percent with export value in 2011 amounting to US $ 2.59 billion to US $ 5.34 billion in 2016.
Therefore, Airlangga said that it will soon facilitate the strengthening of economic cooperation between both parties, because it will have a positive impact for the development of small and medium industries (IKM) in the country. Because the jewelry industry is dominated by the IKM sector scattered in various centers of artisans in Indonesia.
Jewelry, Watch and Clock Manufacturing in Indonesia
Indonesia Industry Report and Market Research
November 20, 2023
Industry Code : C3901
Forecast to : 2027
Definition
Jewelry, Watch and Clock Manufacturing in Indonesia This class consists of establishments mainly engaged in the manufacturing of all kinds of watches and clocks and their components. It also includes firms engaged in the cutting, polishing, and refining of precious stones or jewels.
Activities
The primary activities of firms in this industry are:
The Jewelry, Watch and Clock Manufacturing industry in Indonesia research report contain trend analysis, statistics, market size information, industry growth rates as well as major competitors.
Major market segments are identified and also those forces affecting demand and supply within this industry. Performance analysis includes emerging industry trends as well as recent results and performance of each key company. Drawing on the depth of information DIS also provides 5 year forecasts for this industry.
The comprehensive study also examines details such as the barriers to entry, operating cost structure, technology & systems and domestic & international markets. Tables and statistics include: Industry revenue, exports, imports, wages and number of companies in the industry, Industry growth and geographic regional data.
