Jewelry & Precious Metals — Pay Canadian Suppliers Faster, Cheaper
Import jewelry, gemstones, precious metals, and luxury accessories. And your bank makes it worse — 3-day settlements, 2-4% hidden FX spreads, and zero visibility into what your payments actually cost.
We built payment infrastructure for jewelry & precious metals businesses. 0.5% spreads. Same-day CAD settlement. Free container tracking.
Get a Quote for Your Next Canadian PaymentJewelry & Precious Metals margins are too thin to donate 2-4% to your bank on every supplier payment.
Before we show you a single number, know this: we are regulated, audited, and transparent. Our pricing is published. Our client funds are segregated. These aren't marketing claims — they're regulatory requirements we meet daily.
These aren't marketing claims — they're regulatory requirements we meet daily.
Save £2,025 per £100k Payment
Typical savings for Jewelry & Precious Metals paying Canada suppliers
- ❌ 2-3 day settlement
- ❌ Hidden FX margins
- ❌ High correspondent bank fees
- ❌ Manual compliance checks
- ✓ Settles in seconds — 2.3 second average
- ✓ Transparent pricing
- ✓ Interac e-Transfer for Business available
- ✓ 0.14s automated compliance
At £300k-£3M monthly volume, save £24,300/year
What Challenges Do Jewelry & Precious Metals Businesses Face Paying Canada?
Industry Pain Points
- High-value shipments requiring insurance
- Gold price volatility compounds FX risk
- Hallmarking requirements
- Conflict mineral compliance
Country-Specific Considerations
- Bank of Canada and FINTRAC oversight
- GST/HST (5-15% depending on province) documentation
- Business Number (BN) required for tax purposes
- PIPEDA compliance for data privacy
How Do Jewelry & Precious Metals Businesses Typically Pay Canadian Suppliers?
Fast Settlement: Settles in seconds — 2.3 second average
Use Interac e-Transfer for Business for instant CAD settlement. Instant business payments up to CAD $25,000, email-based
Real-Time FX Exposure Tracking
Upload supplier invoices as PDFs. Our AI OCR extracts amounts and currencies. See exactly what waiting costs you in real-time. Lock rates for 15 seconds when you see a good rate.
0.14s Compliance Screening
Automated compliance checks for Canada regulations. Bank of Canada and FINTRAC oversight handled automatically.
How Jewelry & Precious Metals Businesses Typically Pay Canadian Suppliers
If you're importing in this sector, you're likely dealing with a mix of payment terms. Here's how they work — and why speed matters.
⏱ Payment Timing
T/T advance for gold content. Net 30 for established suppliers. Consignment arrangements for high-value pieces.
📄 Invoice Terms
T/T advance (gold), Net 30 (established), consignment (trusted partners). LC for large diamond purchases.
Seasonal: Q4 peak, Valentine's (Feb), wedding season. Stock buildup 2-3 months ahead. High working capital requirements.
📊 FX Risk Profile
EXTREME: Double exposure (gold price + FX). INR for manufacturing, THB for gems, USD for diamonds. Hedge both commodity and currency.
Long-term relationships for quality consistency. India (manufacturing), Belgium/Israel (diamonds), Thailand (gems). Trust essential for consignment.
Common Documentation for Jewelry & Precious Metals
- Kimberley Process Certificate
- Hallmarking Certificate
- GIA/IGI Grading Report
- Insurance Certificate
- Valuation Report
Popular Canada Supplier Types for Jewelry & Precious Metals
Common Canada Suppliers
- Resource extraction equipment (Calgary, Edmonton)
- Auto parts manufacturers (Toronto, Windsor)
- Agricultural suppliers (Winnipeg, Regina)
- Aerospace components (Montreal, Winnipeg)
Payment Tips for Canada
- Canada = Natural resources leader, manufacturing hub (auto, aerospace)
- Interac e-Transfer fastest for payments under CAD $25k
- Strong US trade ties - many suppliers serve both markets
- Provincial tax variations - HST rates differ by region
Frequently Asked Questions: Jewelry & Precious Metals Payments to Canada
How do Jewelry & Precious Metals businesses pay suppliers in Canada?
Jewelry & Precious Metals businesses can pay Canada suppliers instantly using Unicorn Currencies. We offer a 0.5% FX spread with 2.3-second average settlement using local payment rails like Interac e-Transfer for Business. This is significantly faster and cheaper than traditional SWIFT transfers which take 2-3 days.
What banking details do I need for Canada Jewelry & Precious Metals suppliers?
To pay Jewelry & Precious Metals suppliers in Canada, you need the recipient's Institution + Transit (9-digit transit number and 3-digit institution number), account number, and beneficiary name. Our platform validates these details automatically to ensure successful payment delivery.
How much can Jewelry & Precious Metals businesses save on Canada payments?
Jewelry & Precious Metals businesses typically save 80% compared to traditional banks when paying Canada suppliers. On a £100k transaction, that's £2,025 in savings. With Unicorn Currencies, you pay just 0.5% FX spread + £5 per payment vs banks charging 2.5% spread + £30 fees.
Is container tracking available for Jewelry & Precious Metals shipments from Canada?
Yes, Unicorn Currencies offers FREE container tracking for Jewelry & Precious Metals shipments from Canada. You receive real-time visibility into your cargo, including demurrage alerts to help avoid costly port storage fees. This feature is included at no extra cost with your payment account.
What currencies do Jewelry & Precious Metals businesses typically use with Canada?
Jewelry & Precious Metals businesses typically convert GBP to CAD when paying Canada suppliers. Unicorn Currencies provides live exchange rates with a transparent 0.5% spread, and you can lock rates for 15 seconds when you see a favorable rate. Our AI-powered invoice OCR can automatically extract amounts and currencies from supplier invoices.
Ready to Pay Canada Suppliers 80% Cheaper?
Join Jewelry & Precious Metals businesses saving £2,025 per £100k payment with t+0 (2.3s avg within unicorn network).
Bank of Canada registered PSP | FINTRAC licensed MSB