As part of our comprehensive overview of all of the different kinds of refining that jewellers can make money back from, let’s delve into the categories of floor sweeps, carpets, and the (little-known) sludge.
Read on for descriptions of these, as well as best practices in collecting, storing and submitting your refining to maximise your payout:
National Treasury has recently amended the Financial Intelligence Centre Act, with effect from 19 December 2022. The short of it is that suppliers of high-value goods (of R100,000 or above) who receive payment in any form, are now Accountable Institutions under the FICA legislation. This includes any type of business where a single item valued at R100 000 or more (whether new or second-hand) is sold to a customer.
Continue reading Jewellers please urgently note changes to the FIC Act
There are a number of misconceptions around diamond fluorescence, which we address below. Ultimately, any gem should be viewed in a variety of lighting environments in order to choose the right one for each individual’s taste. It is said that beauty is in the eye of the beholder, and diamonds are no exception.
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