How to export imitation jewellery

Introduction

• India is a leading exporter of imitation jewellery because of its reasonably priced and colourful designs. These items, which are designed for international markets, are made of materials including gemstones, silver, and brass. Expert craftspeople successfully combine ancient methods with contemporary design elements to create Indian imitation jewellery, which is well-liked by those looking for affordable, distinctive accessories.
• Ladies wear imitation jewellery because it is affordable, diverse, and trendy. It helps them to exhibit their particular style without making a major financial investment. Imitation jewellery have the latest designs and hues, making it simple to complement clothes for any occasion. Furthermore, they offer a guilt-free choice for frequent use and experimentation.

HS Code of Imitation Jewellery

• Chapter No: -71
• HS Code: -71179090

Government benefits in imitation jewellery export

• DBK: -1.30%
• RoDTEP: -0.50% or 2kg (Whichever is low)

Interest equalization scheme pre & post shipment credit scheme

• Scheme for manufacturer: -5%
• Scheme for merchant: -3%

Suppliers of imitation jewellery in India

• Gujarat
• Rajasthan
• Mumbai
• Kolkata

Top 7 countries for export imitation

• USA
• UK
• Nigeria
• Spain
• French
• UAE
• Afghanistan

Documentation in imitation export

One time documentation

• Company Registration
• IEC
• RCMC (Handicraft Council or FIEO)
• GST Certificate
• AD Code

All time Documentation

• Performa Invoice
• Packing List
• Bill of Lading
• LR Lorry Receipt
• Insurance Certificate
• Fumigation Certificate
• BRC Bank Realization Certificate

Another Document

• Testing Report
• Certificate of Non-Hazardous

Packaging in Imitation

• PP Bag
• Plastic Box
• Thermocol Box
• Air Bubble
• Wooden Box

Process in imitation export

• Take price from supplier
• Take price from CHA
• Buyer gives an order
• Give price to buyer
• Sign & Stamp of Performa Invoice
• Take payment advance as per contract
• Ask to buyer for pending payment
• Send set of documentation 

Finding Buyer in Imitation jewelry export

• Find a person who is selling imitation jewelry on E-commerce platforms in another country. He will be become your regular buyer. He will give you regular order of imitation jewelryb.

Find Buyer Online

• Website/Blog
• Social Media
• E-Mail Marketing
• B2B Website
• Countries Wise Directories
• Country wise Yellow Pages
• Find Buyer from Agent
• Paid Data

Offline Buyer Find

• Export Promotion Bodies
• Chamber of Commerce
• Third Party Agencies
• Market Research Companies
• Industry Resource and Personal
• Exhibition and Trade Fair
• Open Office in abroad
• Trade Delegation
• Personal visit in target market
• Friends and Relatives

Trade Data of Imitation Export

Product Knowledge is an important factor

• Learn about designs & types of Imitation Jewellery. There is a widely variety is available like bangles, Bracelets, Jumkha, Earrings, Rings, Tika, Chain etc.
• Buyer will tell you which types of designs & finishing he want.     

Insides of Imitation Jewellery

• Imitation jewellery is a best product, because it is a low budget product.
• Transportation of imitation jewellery is an easy.
• Buyer will give you small quantity order, but it have a high profit margin.
• It is difficult to get a full container order, but carton will possible or LCL (Less than container load)

Investment in Imitation

• Imitation jewellery requires 10000 to 1 lakhs rupees investment.

Profit margin in Imitation Export

• Profit margin in imitation export is 40% to 50%.
• It can be dependent on country, where you are export

Payment Terms in Imitation Export

• 100% Advance
• 30% Advance & 70% Before Delivery
• 30% Advance & 70% Copy of BL
• 30% Advance & 70% Document against payment
• 30% Advance & 70 Document against accept
• 30% Advance & 70 Letter of Credit
• 100% Document against payment DP
• 100% Document against acceptance 30 days DA
• 100% Letter of credit