DUSHANBE, June 12, Asia-Plus – A 5% excise tax has affected prices of jewelries produced by Tajik-Russian Joint Venture Almaz-Asia.
The Almaz-Asia director general Abdujalil Saidov said, “It has become difficult to realize our products inside the country not to mention abroad.” According to him, their products are currently realized at the rate of $19-$20 per gram, which is nearly $2-$3 higher than the rate of products imported from Turkey and other countries.
Saidov noted that his enterprise monthly processes up to 1.5 kilograms of gold, while its target has been determined at 5 kilograms of gold per month.
In connection with the arising problems, the enterprise has appealed to the government asking for exemption from the excise duty that may probably help them tackle the production problems.
The joint venture Almaz-Holding was established on March 1, 2007 by a group of Tajik entrepreneurs in cooperation with Russia’s Almaz Holding. The sides assume equal ownership interest in the company – 50% each. The enterprise produces jewelries mainly from the local gold.
Almaz-Holding Company is one of the largest jewelry companies throughout Russia. The Company unites leading plants and highly-qualified experts. This allows to offer a large variety of jewelry to a wide range of consumers and please real experts of jewelry with outstanding specimens of author’s works.
Founded in 1993, it started as a firm specializing in the wholesale trade of jewellery. Shortly thereafter, the company’s management realized the need of its own production facilities and started moving in that direction. Over the years Almaz-Holding became a highly-developed commercial organization with a structure that includes well-known jewelry factories such as Krasnoselsky Uvelirprom, and a wide range of wholesale and retail networks.
The basis and most precious gems of Almaz is the Krasnoselsky Orlovsky, one of the biggest in Russia with an 85-year history. It creates a variety of highly artistic products made from silver and platinum with insets of precious and gem stones as well as table suits and different kinds of dishes from silver and cupronickel.
