Guide to legitimate/legal tax invoices for South African VAT-vendor Jewellers
All South African clients and suppliers who are VAT vendors please note that the South African Revenue Service is currently clamping down on businesses issuing illegitimate or illegal invoices. Don’t get into trouble due to an innocent mistake – make sure that your invoices comply with the SARS stipulations set out below:
Men’s jewellery trends in 2023 for your Father’s Day range
It’s Father’s Day on Sunday, 18 June 2023, and the world is a very different place from the first celebration on June 19, 1910 (though the day wasn’t officially set as a nationally observed occasion until 1972). Even in the 70’s, a typical present might have been something hyper-‘manly’, like a hip flask or a pocket knife perhaps, but today’s society demands more nuance, and bling for the gents is increasingly a desired gifting option.
Meet the Cape Precious Metals Directors: Malcolm Jenner
Malcolm joined CPM soon after finishing high school in 1995. Back then the entire company consisted of only four staff members, all sharing a desk in a tiny office in Cape Town. Over the years he has worn many caps as the company grew, and completely understands the business. He has been in Finance, Internal Sales, Administration, Marketing and also served as Branch Manager before taking on the Regional Management position, which involved travelling between KwaZulu-Natal and Gauteng for more than 5 years.
Obtain your Tax Clearance Status so you can do business with CPM
Attention all Cape Precious Metals suppliers who don’t know how to request a Tax Clearance Status (TCS), follow the below steps to get yourself sorted. This is crucial for SARS compliance and necessary to do business with CPM.
AI in jewellery design – what can it do for you?
Artificial Intelligence (AI) has dominated the headlines recently, causing quite a stir. It has been powering tech solutions that rapidly transform industries, and the jewellery sector should be no exception. But while current AI tools can generate concepts quickly, they still require considered human expertise to turn those ideas into commercially practical pieces. Let’s delve into the current applications of machine learning within the jewellery industry, as well as where it might be headed:
CPM refines precious metal waste for jewellers across Southern Africa – Floor Sweeps, Carpets & Sludge
As part of our comprehensive overview of all of the different kinds of refining that jewellers can make money back from, let’s delve into the categories of floor sweeps, carpets, and the (little-known) sludge. Read on for descriptions of these, as well as best practices in collecting, storing and submitting your refining to maximise your payout:
Jewellers please urgently note changes to the FIC Act
National Treasury has recently amended the Financial Intelligence Centre Act, with effect from 19 December 2022. The short of it is that suppliers of high-value goods (of R100,000 or above) who receive payment in any form, are now Accountable Institutions under the FICA legislation. This includes any type of business where a single item valued at R100 000 or more (whether new or second-hand) is sold to a customer.
Know the facts around diamond fluorescence
There are a number of misconceptions around diamond fluorescence, which we address below. Ultimately, any gem should be viewed in a variety of lighting environments in order to choose the right one for each individual’s taste. It is said that beauty is in the eye of the beholder, and diamonds are no exception.
CPM refines precious metal waste for jewellers across Southern Africa – Polishings & Bench Sweeps
As part of our comprehensive overview of all of the different kinds of refining that jewellers can make money back from, let’s delve into the categories of polishings and bench sweeps. Read on for descriptions of these, as well as best practices in collecting, storing and submitting your refining to maximise your payout:
How to apply for a license with the Regulator
As some of you may be aware, a high court judgement in 2021 in favour of a local manufacturing jeweller set aside certain clauses of the Mining Charter. Unfortunately, now in March 2023, the DMRE has still to this date not published any notices outlining which clauses have been amended. As such, South African manufacturing jewellers remain obliged to comply with the below simplified list of license application requirements, which the Jewellery Council requested from the South African Diamonds and Precious Metals Regulator: