HS Code for Jewellery & Precious Metals: Cyprus Tariff Classification Guide
Find the correct HS code for jewellery and precious metals imported into Cyprus. Gold, silver, diamonds, watches & more. Duty rates and CN codes explained.
What is the HS Code for Jewellery & Precious Metals?
Jewellery, precious metals, and gemstones are classified under Chapter 71 of the Harmonized System, while watches and clocks fall under Chapter 91. Chapter 71 covers natural pearls, precious and semi-precious stones, precious metals, and articles of jewellery. Import duty rates for jewellery entering Cyprus are generally 2.5–4%, while precious metals in raw form (gold bars, silver bullion) may be duty-free. Cyprus has a significant jewellery manufacturing industry, and the island is a hub for gold trading in the Eastern Mediterranean. Importing jewellery into Cyprus requires careful attention to valuation — customs authorities scrutinise jewellery declarations closely, and undervaluation is a common area of investigation. All gold jewellery must meet Cyprus hallmarking requirements before it can be sold.
Jewellery is classified under Chapter 71 based on the metal (gold, silver, platinum), the type of article (necklaces, rings, bracelets, earrings), and whether it contains gemstones. Watches are classified under Chapter 91 based on the movement type (mechanical, quartz) and case material.
Duty Rate Overview
Gold jewellery: 2.5%. Silver jewellery: 2.5%. Platinum jewellery: 2.5%. Diamonds (unmounted): 0%. Gold bullion: 0%. Watches: 4.5% + MIN 0.30/MAX 0.80 EUR/piece. VAT at 19% applies to all jewellery and watches.
HS Code Examples for Jewellery & Precious Metals
| Product | HS Code (CN) | Description | Duty Rate | VAT | Verify |
|---|---|---|---|---|---|
| Gold necklace (18ct) | 7113.19.10 | Articles of jewellery of precious metal — of gold | 2.5% | 19% | |
| Diamond ring (gold setting) | 7113.19.10 | Articles of jewellery of precious metal — of gold | 2.5% | 19% | |
| Silver bracelet | 7113.11.00 | Articles of jewellery of precious metal — of silver | 2.5% | 19% | |
| Gold bar (investment) | 7108.12.00 | Gold in non-monetary form — other unwrought forms | 0% Investment gold is VAT-exempt | 0% | |
| Luxury watch (mechanical) | 9101.11.00 | Wrist-watches, with mechanical display only, of precious metal | 4.5% + MIN 0.30/MAX 0.80 EUR/piece Combined ad valorem + specific duty per piece | 19% |
* Duty rates are indicative. Actual rates depend on origin and trade agreements.
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Frequently Asked Questions
What is the import duty on gold jewellery imported to Cyprus?
Gold jewellery is classified under HS 7113.19.10 and attracts a 2.5% import duty rate. VAT at 19% also applies on the CIF value plus duty. Investment gold (gold bars and coins) is exempt from both duty and VAT.
Is investment gold VAT-exempt in Cyprus?
Yes. Investment gold (gold bars, gold coins of specified purity) is exempt from VAT in Cyprus under EU VAT Directive provisions. However, gold jewellery is subject to VAT at 19%.
What are the hallmarking requirements for gold jewellery in Cyprus?
All gold, silver, and platinum jewellery sold in Cyprus must be hallmarked by the Cyprus Assay Office. Imported jewellery must be submitted for hallmarking before it can be offered for sale. The hallmark indicates the metal purity and the assay office's mark.
What is the HS code for diamonds?
Unmounted diamonds are classified under HS 7102.31.00 (industrial diamonds) or 7102.39.00 (non-industrial diamonds). Unmounted diamonds attract 0% import duty. Mounted diamonds (in jewellery settings) are classified with the jewellery article.
What documents are needed to import jewellery to Cyprus?
You will need a commercial invoice (with detailed description of each piece, metal purity, and gemstone details), packing list, bill of lading or airway bill, and a certificate of origin if claiming preferential duty rates. High-value jewellery may require an independent valuation certificate.
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Important Disclaimer
The duty rates, HS codes, and tariff information on this page are provided for general guidance only and are based on the EU Common Customs Tariff (TARIC) as at the date of publication. Actual rates applicable to your shipment may differ depending on the country of origin, applicable EU trade agreements (preferential rates), anti-dumping or countervailing measures, tariff suspensions, tariff-rate quotas, and any subsequent amendments to EU legislation. Rates are subject to change without notice. This information does not constitute professional customs or legal advice. P. Panagi & Sons Ltd accepts no liability for errors, omissions, or reliance on this information. Always verify current rates using the official Cyprus Customs Tariff Browser or contact a licensed customs broker before making commercial decisions.
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