• Silver Lining for High-End Jewelers Amid Escalating Trade War

    8 monthes ago - By WWD

    Every cloud has a silver lining.
    While new Trump administration tariffs on a raft of consumer-facing Chinese imports have raised fears over the retail sector's fortunes, analysts at Cowen and Co. believe that luxury jewelry companies could benefit from a quiet move made by the Chinese government at the beginning of the month.
    As part of a pre-planned reduction in levies on a plethora of consumer goods, Beijing slashed tariffs on gold and silver jewelry from 20 percent to 8 percent and from 35 percent to 10 percent for platinum, precious or semi-precious gemstone jewelry.
    The change, which...
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