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Industry News
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
June 10, 2018
Industry Code : C3901
Forecast to : 2022

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:
- Watches.
- Clocks.
- Clock Cases.
- Clock Frames.
- Watch Belts.
- Carnelian.
- Stone Accessories.
- Gold Accessories.
- Silver Accessories.
- Imitation Accessories.
- Silver Dinner Sets.
- Table Accessories.
PT. Dataindo Inti SwakarsaTelp : (62 - 21) 719 3832
3rd Floor, Gapura Raya BuildingTelp : (62 - 21) 719 3834
Jl. Bangka Raya No. 4, Pela Mampang Email : info@disb2b.com
Jakarta 12720, Indonesia
Chapter Headings US $ Select All
Industry Outlook 60.50
Key Statistics 60.50
Market Characteristics 36.30
Segmentation 36.30
Industry Conditions 60.50
Industry Performance 60.50
Key Competitors 60.50
Key Factors 27.50
News
Watches industry in Indonesia Following Will Singapore 0.39
Menoreh Mountains's Wooden Watches is Worldwide 0.39
Indonesia Jewellery Export Increases 0.39
Itamaraya Gold appointed a new public accountant 0.39
Trust Singapore Dominates 94.61 Percent of Itamaraya 0.39
Gold Consumption Predicted to Increase 0.39
SIJF's Sales Amounts to Rp.24.6 Billion 0.39
Chinese New Year's Decorations Brighten Up Chinatown 0.39
Kotagede's Craftsmen to Improve Condition 0.39
Bali Silver Jewelry Export Rises 0.39
World Market for Indonesian Jewelry Only 0.5 percent 0.39

Report Content

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.


KEY STATISTICS 2004 2005 2006 2007 2008
Industry Revenue 107,942 104,367 131,689 158,085 169,151 Rp.Billion
Industry Gross Product 7,016 6,784 8,560 10,276 10,995 Rp.Billion
Number of Establishments 110 120 130 130 130 Units
Employment 109,600 101,200 85, 81,000 85,400 Units
Exports 2,856 3,457 6,481 6,521 7,820 Rp.Billion
Imports 10,926 10,899 25,482 30,419 35,880 Rp.Billion
Total Wages 1,425 1,316 1,114 1,010 1,109 Rp.Billion
Domestic Demand 116,012 111,809 150,690 181,983 197,211 Rp.Billion
The data above is sample data only

COST STRUCTURE % OF SALES COST STRUCTURE % OF SALES
Cost of Goods Sold 67.13 Gross Profit 32.87
Operating Expense 21.5 Profit (Loss) Before Tax 11.36
Administration 1.58 Depreciation 0.56
Electricity 0.66 Freight 1.99
Fuel, Parking, Toll & Retribution 1.62 Interest 3.09
Land and Building Rental 2.74 Marketing 2.69
Repairs and Maintenance 0.54 Service Fee 0.7
Staff Welfare Allowance 1.38 Other Expenses 0.92
Stationery & Inventory 0.48 Telephone 0.8
Utensils and Equipment 1.24 Wages and Salaries 0.5
The data above is sample data only

ESTABLISHMENTS IN (%) ESTABLISHMENTS IN (%)
Central Java 13.4 DKI Jakarta 6.5
East Java 22.4 North Sumatra 17.9
Papua 2.0 Bali 3.0
South Sulawesi 6.0 West Java 28.8
The data above is sample data only
TOTAL PRICE (US$)(RP)
Price 500.006.250.000
Payment Method
Credit Card
Bank Transfer in US$
Bank Transfer in RP
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Table of Contents
About this Report
Outlook
Key Statistics
Segmentation
Market Characteristics
Industry Conditions
Key Factors
Key Competitors
Industry Performance