A Method imposed by The Ministry of industry to Increase the Opportunities of Jewelry Industry

Jewelry Industry is considered to be able to contribute positively to the national economy. Companies based on Small and Medium Industries (IKM) tend to succeed in maintaining its exports level, although the world’s economy are not stable.

 

Data from 2015, mentioning that the number of jewelry industrial and accessories in the country reach up to 36636 companies, with a production value amounting IDR 10.45 trillion. The jewelry industry provide employment about 43348 people and generate foreign exchange via export amounted to USD 3.31 billion.

 

Until now, jewelry export destination has dominated by Singapore, Hong Kong, US, Japanese, Arabic, etc. It is predicted that the export destinations will be growing and bigger.

  

Then, as a step to improve the competitiveness with the global product, the Ministry of Industry has been doing and prepare for a new method.     

 

 

Precious Stones and Jewelry Industry Growing Up

 

 

According to General Director of Small and Medium Industry, Gati Wibawaningsih, the Ministry of Industry has conducted various programs and strategic policies, such as establishing certification agency in charge of providing the Indonesian jewelry certificate that recognized by the international community.

 

In addition, the Ministry of Industry has provided a training and mentoring by expert designers in the centers as well as directly in the company, as well as provide assistance in machinery and equipment, especially in the Technical Services Unit (UPT) which can be used by IKM at the center of jewelry industry.

 

"We also facilitate the promotion and marketing activities through exhibitions at home and abroad, the establishment of market centers jewelry and precious stones in potential areas, and increasing the skills of human resources through education and training of production that is focused on engineering the size and shape of a homogeneous, manufacture piece facet, carving precious stones and other skills by using modern technology, " she explained.

 

Gati added, to improve the business climate associated with the regulation of the fiscal (VAT and income tax) in order to support the competitiveness of jewelry products, required a review of the imposition of a VAT of 10 percent and the imposition of income tax on the sales of jewelry products and restrictions on exports of precious stones with imposition export tax (PE) in the effort to secure the supply of raw materials in the country.

 

 

How Are You Cosmetic Industry Now?

 

 

Gati’s hope that various government programs and policies can be supported in synergy by all stakeholders, through a variety of creative and productive activities that can generate high added value of jewelry products.