Core Insights - The jewelry consumption, particularly gold, silver, and colored gemstones, is thriving, especially during major shopping events like "Double Eleven" [1] - Shantou Haifeng County is a significant hub for gemstone processing, producing over 70% of global crystal products and 30% of national gold and silver jewelry [1][2] - The recent 2025 China Shantou Colored Gemstone Industry Development Conference showcased the county's industrial strength, with 3,126 participating enterprises and a total investment and trade volume of 11.961 billion yuan [1] Industry Overview - The Guangdong Ketang Jewelry Trading Market processes imported crystal raw materials into fashionable jewelry, with an annual processing capacity of 50,000 tons, primarily focusing on over 120 types of colored gemstones [2][4] - Haifeng County has established a complete industrial chain, including raw material sales, production, design, and e-commerce, with over 10,466 market entities in the jewelry sector [4] Cluster Development - The dual-cluster model in Haifeng, with Ketang focusing on gemstone processing and Melong on gold and silver jewelry, enhances industrial competitiveness through collaborative efforts [5][6] - The local government has facilitated this growth by investing in environmental facilities and promoting specialized clusters, leading to a significant increase in production capacity [6] Talent and Employment - Local training programs have successfully integrated over 2,000 rural workers into the jewelry industry, raising average annual incomes to over 45,000 yuan [7] - The jewelry sector employs approximately 92,000 individuals in Haifeng County, with a significant portion of the workforce concentrated in Ketang and Melong [7] Digital Transformation - The establishment of specialized parks and digital platforms has streamlined supply chain management and enhanced market access for local businesses [10][12] - The Ketang Douyin e-commerce live streaming base has achieved daily sales exceeding 5 million yuan, significantly boosting consumer trust and purchase rates [12] Policy and Future Prospects - Haifeng County's jewelry industry has been selected as a pilot for the "Cross-border E-commerce + Industrial Belt" initiative, facilitating international trade and reducing operational costs for small enterprises [14] - The region's unique combination of manufacturing and international trade capabilities positions it favorably for future growth in the competitive jewelry market [14]

国家统计局于今日公布了10月份国民经济数据。10月份国民经济整体运行平稳，呈现出稳中有进的态 势。CPI同比增幅由负转正，代表需求有所回升；而消费增速、固定资产投资增速仍然偏低，后续还需 进一步加大稳经济增长的政策力度，推动经济稳步复苏。 具体来看，10月份我国工业生产持续增长，装备制造业和高技术制造业增势较好。10月份，全国规模以 上工业增加值同比增长4.9%，环比增长0.17%。其中，装备制造业增加值同比增长8%，高技术制造业增 加值增长7.2%，分别快于全部规模以上工业增加值3.1个和2.3个百分点，显示出我国在装备制造业和高 技术制造业方面的发展趋势良好，体现出在高端制造业领域具备一定优势。 在进出口方面，10月份货物进出口总额同比增长0.1%。其中，出口由正转负，同比下降0.8%；进口同 比增长1.4%。在全球贸易局势变化、美国挑起关税战的背景下，出口增速出现回落。不过，目前中美 经过多轮谈判，已在贸易协议上达成一致，这或将有利于我国货物出口在后期企稳回升。但出口结构仍 需进一步优化，提高出口产品的附加值，以在出口增速承压的情况下，仍能实现利润增长，提升我国出 口产品的国际竞争力。 价格方面，10月 ...

Core Insights - The 2025 China Shantou Colored Gemstone Industry Development Conference and the first Shantou International Jewelry Exhibition opened on November 1, 2023, aiming to connect the Shantou jewelry industry with global resources and promote high-end development [1][2] - The event features a "one conference, one exhibition" model, which is a key activity under Guangdong's "cross-border e-commerce + industrial belt" initiative [1] Group 1: Event Structure and Objectives - The event consists of an industry development conference, a themed exhibition, and six supporting activities, designed to fully unleash the development potential of Shantou's colored gemstone and gold and silver jewelry industry [1] - The conference included three main segments: a leadership tour, an opening ceremony, and keynote speeches, aimed at building a global consensus in the industry [1] - Key initiatives announced include the release of the Gemports Index (GPI) to provide data support for industry pricing and trend analysis, and the establishment of the Shantou City Fashion Industry Technology Innovation Center to facilitate technology research and development [1] Group 2: Exhibition Details and Participation - The first Shantou International Jewelry Exhibition runs from November 1 to 3, attracting over 3,000 participating enterprises and featuring eight major themed exhibition areas covering the entire industry chain [2] - The event also attracted over 1,000 professional buyers and investors, showcasing a diverse range of domestic and international jewelry enterprises, research institutions, and well-known live streaming teams [2] - Shantou, recognized as "China's Colored Gemstone Capital" and "China's Jewelry Capital," is presenting itself with a new image through this event, which aims to promote the region's industry towards internationalization, branding, and high-end development [2]

Core Viewpoint - The significant adjustment in the international precious metals market on October 22, with gold prices dropping over 6% and silver prices nearly 9%, is analyzed from multiple perspectives to provide insights for investors [1]. Market Performance - The London spot gold price experienced a daily decline of 6.2%, marking the largest single-day drop of the year. Silver prices fell by 8.7% on the same day. Domestic gold futures also adjusted accordingly, with a noticeable increase in market trading activity [3]. - The adjustment is characterized by a large decline within a normal fluctuation range, a significant increase in trading volume indicating heightened bullish-bearish divergence, and a synchronous adjustment in related stock sectors, suggesting that this price movement is part of a normal market correction [3]. Factors Behind Price Adjustment - The substantial drop in gold and silver prices is attributed to multiple factors: - From a macroeconomic perspective, the latest U.S. employment and inflation data exceeded expectations, reinforcing market anticipation of the Federal Reserve maintaining high interest rates, which pressured precious metal prices as the U.S. dollar strengthened. Historical data shows a negative correlation between the dollar index and gold/silver prices [4]. - From a market structure viewpoint, the previous continuous rise in gold and silver prices led to a buildup of profit-taking positions, creating significant technical correction pressure. The breach of key support levels triggered stop-loss orders in algorithmic trading, exacerbating price volatility [4]. - In terms of capital flow, the recent strong performance of global stock markets has led to a shift of funds from safe-haven assets to riskier assets. Data from the largest gold ETF indicates a trend of continuous reduction in holdings, reflecting a cautious attitude among institutional investors, which directly impacts prices [4]. Impact on Related Sectors - The price adjustment has put pressure on gold mining company stocks, with some gold mining firms experiencing declines greater than the broader market. The gold and silver jewelry retail sector is also affected, as market concerns about price volatility may impact consumer purchasing intentions. However, in the long term, the price correction could stimulate demand for physical gold [5]. - In the futures market, the open interest in gold and silver futures has decreased, indicating that market participants are adjusting their positions. The volatility index in the options market has risen significantly, suggesting that market expectations for price fluctuations are increasing, which requires careful attention from investors [5]. Recommendations for Investors - For long-term investors, a strategy of gradually building positions during market corrections is recommended, focusing on companies with strong fundamentals and sustainable profitability [5]. - Short-term investors are advised to control position sizes and set reasonable stop-loss points, while being cautious not to overly rely on technical analysis [6]. - Ordinary consumers with purchasing needs may consider buying during price corrections, but should clarify their purchasing intentions, especially regarding investment costs [7]. Future Outlook - Long-term factors supporting gold and silver prices remain intact, including the ongoing trend of global central banks purchasing gold, persistent geopolitical risks, and fluctuations in inflation expectations that will continue to influence precious metal prices. Investors are encouraged to adopt a long-term perspective on market volatility [7].

Group 1 - The article discusses the classification and taxation of gold and silver jewelry, platinum jewelry, and diamond products, emphasizing the need for clear separation in accounting for sales of different types of jewelry [2][3] - Retail businesses engaged in gold and silver jewelry sales are identified as taxpayers for consumption tax, including those who engage in consignment processing or consignment sales [3][4] - The timing of tax obligations for gold and silver jewelry sales is specified, with tax due upon receipt of payment or issuance of sales receipts [5][6] Group 2 - The basis for calculating consumption tax for gold and silver jewelry is outlined, with different rules for various business models, such as trade-ins and bundled sales [6][7] - Special circumstances for determining the tax basis for consumption tax are discussed, including the use of similar jewelry sales prices or composition pricing when no similar sales exist [7] - The article provides guidance on the electronic tax filing process, highlighting the automated system for businesses solely engaged in gold and silver jewelry retail [8][10]

Core Viewpoint - The article discusses the consumption tax policies related to gold and silver jewelry, platinum jewelry, and diamonds, highlighting the tax rates, taxable events, and calculation methods for tax obligations [2][3][4]. Tax Rate and Policy Basis - The consumption tax rate for gold and silver jewelry, platinum jewelry, and unmounted diamonds is set at 5% [2]. - The policies are based on several official notifications from the Ministry of Finance and the State Administration of Taxation, including documents from 1994, 2003, and 2013 [2][3][6]. Taxable Events - Tax obligations arise at different times depending on the nature of the sale: - For retail sales of gold and silver jewelry, tax is due at the time of payment receipt or when a sales voucher is obtained [4]. - For gifts, sponsorships, and other non-retail transfers, tax is due at the time of transfer [4]. - For processing and refurbishing, tax is due when the goods are delivered to the entrusted party [4] . Scope of Taxable Jewelry - The consumption tax applies only to gold and silver jewelry, including alloys, and does not include gold-plated or silver-plated items [3][4]. - Businesses that sell both gold/silver and non-gold/silver jewelry must clearly separate their sales for tax purposes; otherwise, a higher tax rate will apply [3] . Calculation of Taxable Amount - The taxable amount for gold and silver jewelry is calculated based on the sales amount excluding VAT [5]. - If jewelry is sold with packaging, the total sales amount must include the packaging, regardless of separate pricing [5]. - For processed jewelry, the tax basis is determined by the sales price of similar jewelry or calculated based on material costs and processing fees [5] . Special Cases - For exchanges (including refurbishing), the tax basis is determined by the actual price received, excluding VAT [5]. - For gifts and sponsorships, the tax basis is determined by the sales price of similar jewelry or calculated based on the cost of materials plus a fixed profit margin [5] .

Tax Policies Related to Flower Industry - Agricultural producers selling flowers are exempt from value-added tax (VAT) [2] - Small-scale taxpayers can enjoy VAT exemption on flower sales if quarterly sales do not exceed 300,000 yuan; otherwise, VAT must be paid [3] - The VAT rate for fresh flowers is 9%, while processed flower products have a VAT rate of 13% [4] Corporate Income Tax Policies - Enterprises engaged in flower cultivation can benefit from a reduced corporate income tax rate [4] - Trading activities related to flowers do not qualify for the tax reduction [4] - Small and micro enterprises meeting specific criteria can have a corporate income tax burden as low as 5% until December 31, 2027 [4]