Sberbank customers will now be able to buy diamonds directly from the bank’s offices. In this respect reports Sber press service.
Early buyers have reportedly already purchased the jewels to make into jewelery for themselves. Additionally, diamonds are seen as a promising investment area, similar to gold investment. It is noted that pricing for gemstones is more complex than for gold because the size, shape, color and quality of each unique stone are taken into account.
“Recently, a bill was submitted to the State Duma on the permanent abolition of VAT when individuals purchase diamonds from banks. The Ministry of Finance of the Russian Federation supported this initiative. I am sure that the abolition of value added tax will increase our customers’ interest in this product,” said Sergei Shirokov, director of Sberbank Borrowing and Savings department.
The other day, the Central Bank announced the deadline taking Income from gold investment.
It was previously known in Russia augmented Trading volume on the stock exchange.