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Duty-Free Jewelry in the Cayman Islands: How Much Can You Really Save?
Discover how much you can save buying duty-free diamonds and jewelry in the Cayman Islands. No VAT, no import duties, no sales tax —
The Cayman Islands is one of a small number of jurisdictions in the world with zero import duty, zero VAT, and zero sales tax on luxury goods including jewellery, diamonds, and watches. This means that when you purchase a diamond ring at IDC Cayman, you pay for the ring — nothing more.
United States: Sales tax on jewellery varies by state, averaging approximately 6.5%. On a $10,000 ring, that is $650 in tax.
United Kingdom: VAT on jewellery is 20%. On a £5,000 ring, that is £1,000 in tax alone.
European Union: VAT rates on jewellery range from 19% to 25%. A €10,000 ring in Paris (20% VAT) includes €2,000 in tax.
Canada: HST/GST on jewellery averages 12–15% depending on province.
On a $50,000 diamond engagement ring: a UK buyer saves $10,000 buying at IDC Cayman in Grand Cayman compared to purchasing at home. Even a US buyer saves $3,500.
US citizens are entitled to a duty-free exemption of $800 per person when returning from a Caribbean country. For significant jewellery purchases, the tax savings still substantially exceed any applicable import duty above this threshold.
IDC Cayman’s pricing is transparent, competitive, and benchmarked against international fine jewellery markets. You pay genuine market value for each piece — and then pay no tax on top of it. Combined with our direct sourcing relationships and GIA-certified quality assurance, IDC Cayman offers the best value proposition for fine diamond jewellery in the entire Caribbean region.
Visit us in George Town or browse our collection at idccayman.com. +1 (345) 928-0303