jewelry is less profitable than gold cream, according to the general director of the russian jewelers guild associationnd eduard utkin, it is more difficult to evaluate the product should be premium class, preferably with large gems, be considered as an investment and decoration of the economy segment. and it’s not worth it at all, the retail jewelry trade has always used a simplified taxation system. this implied a tax in the form of either six percent of turnover or 15% of profits. and from january 1 of this year , the simplification of all taxation in the jewelry sector is prohibited, everyone is switching to public taxation. this means that the old goods leftovers will be sold subject to 20% vat and another 20% income tax. regarding the growing demand for gold. tumanka, it is not profitable to work with ingots less than a kilogram, says eduard utkin fizi. in the forest, a non-professional investor needs physical gold, but we need it in small weight, there are ingots 100 g 50 g 20 g 5 g but these ingots are not in banks, banks do not buy, they do not order such ingots at the phenaz of factories, bec