Indonesian jewellers seek continued export duties on gold raw materials

Indonesian jewellery producers urged the government to retain export duties on gold raw materials during talks with Industry Minister M Sarmuji in Jakarta on 28 October 2026. The Asosiasi Produsen Perhiasan Indonesia (APPI) said the policy supported domestic supplies and helped jewellery manufacturers compete in export markets.

APPI deputy chairman Arief Budiman said the duties supported the government’s drive to process minerals into finished products within Indonesia rather than export them in raw form. He also pointed to the development of bullion banks as part of an emerging domestic gold industry.

Industry Ministry official Reni Yanita said the duties were expected to help secure raw materials for local jewellers. Indonesia had been exporting materials that domestic manufacturers then needed to import, she said, adding that more processing within the country could raise net export value.

The talks also covered potential foreign investment in processing precious metals for electronics and automotive uses. Arief identified potassium gold cyanide and bonding wire as possible products, and said Japan’s Tanaka Precious Metals was among the companies APPI would approach for discussions. No investment value had been determined, with policy issues still requiring discussion.

Arief cited Indonesia’s strict controls on potassium cyanide and said APPI was coordinating with the government on regulatory compliance, including waste management. He estimated domestic mine production at around 120 tonnes of gold and expressed confidence that a local precious-metal processing industry could absorb the full amount.