How To Buy Your Engagement Ring Tax-Free

How To Buy Your Engagement Ring Tax-Free

If you’re shopping for an engagement ring, and you love to travel, we have excellent news. You could save up to 15% of the price of your ring just by flying overseas!

How Does It Work?

In New Zealand, you’re entitled to buy certain jewellery tax-free, if you’re taking it out of the country. After you buy your ring at The Diamond Shop, we’ll deliver it to the Collection Point at any international terminal in New Zealand, where they’ll hold it until you travel. After passing through Customs, you present some documents prepared by us to the staff at the Collection Point, and they hand over the ring. Easy!

How Much Will I Save?

Sales tax, or GST, is 15% of the purchase price. You can avoid paying this by taking the ring out of the country, which means that on a ring that costs $9,000 with tax, you’ll save $874 even after factoring in the $300 airport handling fee. Just note that because of the airport handling fee, buying tax-free is not as cost effective if your purchase is $3,000 or less.

How Do I Get Started?

Speak to any of our consultants to learn more or arrange a tax-free purchase. We’re available by phone, email, chat, and of course in-store. Many of our customers take advantage of these tax savings, which help pay for their holidays. Can you think of a more romantic way to save money? 💘💰