Supply and Demand in the System of State Regulation of Jewelry Turnover

Спрос и предложение в системе государственного регулирования оборота ювелирных изделий

Ludmila N. Ivanova and Olga V. Umgaeva
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Ludmila N. Ivanova: NIFI of the Ministry of Finance of Russia
Olga V. Umgaeva: NIFI of the Ministry of Finance of Russia

Russian Economic Development, 2023, issue 9, 14-20

Abstract: Jewelry made of precious stones and metals, by their economic characteristics, belong to luxury goods, goods with excessive consumer properties. The jewelry market, in this regard, is highly competitive and requires state support of a domestic manufacturer. In turn, the state, in view of the use of raw materials subject to special accounting for the manufacture of jewelry, legislatively regulates the turnover of jewelry. Despite the unity of opinions on the need for state regulation, the business operating in the field of production and sale of jewelry products and the state structures controlling it differ in assessing the degree of control and participation of the state in this process. The application of the laws of economic theory, in particular the laws of supply and demand, in relation to the jewelry market, allowed us to justify the adopted and current legislative decisions and suggest directions for their further improvement. The article was prepared as part of the research work of the state task of the Financial Research Institute under Ministry of Finance of Russia.

Keywords: state regulation; demand; supply; jewelry; simplified taxation system; jewelry artists; business interests; state objectives (search for similar items in EconPapers)
JEL-codes: B12 D11 D51 G18 L38 L51 M21 (search for similar items in EconPapers)
Date: 2023
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