Jewelry & Precious Metals — Pay Indonesian 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 IDR settlement. Free container tracking.
Get a Quote for Your Next Indonesian 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 £2,320 per £100k Payment
Typical savings for Jewelry & Precious Metals paying Indonesia suppliers
- ❌ 2-3 day settlement
- ❌ Hidden FX margins
- ❌ High correspondent bank fees
- ❌ Manual compliance checks
- ✓ Settles in seconds — 2.3 second average
- ✓ Transparent pricing
- ✓ BI-FAST available
- ✓ 0.14s automated compliance
At £300k-£3M monthly volume, save £27,840/year
What Challenges Do Jewelry & Precious Metals Businesses Face Paying Indonesia?
Industry Pain Points
- High-value shipments requiring insurance
- Gold price volatility compounds FX risk
- Hallmarking requirements
- Conflict mineral compliance
Country-Specific Considerations
- Bank Indonesia FX regulations
- Indonesian Customs documentation
- VAT (11%) on imports
- OJK (Financial Services Authority) oversight
How Do Jewelry & Precious Metals Businesses Typically Pay Indonesian Suppliers?
Fast Settlement: Settles in seconds — 2.3 second average
Use BI-FAST for instant IDR settlement. Bank Indonesia instant payment system, 24/7
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 Indonesia regulations. Bank Indonesia FX regulations handled automatically.
How Jewelry & Precious Metals Businesses Typically Pay Indonesian 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 Indonesia Supplier Types for Jewelry & Precious Metals
Common Indonesia Suppliers
- Palm oil plantations (Sumatra, Kalimantan)
- Textile factories (Java, Bali)
- Coal mines (Kalimantan)
- Coffee exporters (Sumatra, Java)
Payment Tips for Indonesia
- Indonesia = Largest palm oil producer, textile exporter
- BI-FAST enables instant IDR settlement
- Jakarta + Surabaya = Main business hubs
- Island logistics - consider shipping times
Frequently Asked Questions: Jewelry & Precious Metals Payments to Indonesia
How do Jewelry & Precious Metals businesses pay suppliers in Indonesia?
Jewelry & Precious Metals businesses can pay Indonesia suppliers instantly using Unicorn Currencies. We offer a 0.5% FX spread with 2.3-second average settlement using local payment rails like BI-FAST. This is significantly faster and cheaper than traditional SWIFT transfers which take 2-3 days.
What banking details do I need for Indonesia Jewelry & Precious Metals suppliers?
To pay Jewelry & Precious Metals suppliers in Indonesia, you need the recipient's SWIFT + Account (SWIFT/BIC or local bank code and account 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 Indonesia payments?
Jewelry & Precious Metals businesses typically save 82% compared to traditional banks when paying Indonesia suppliers. On a £100k transaction, that's £2,320 in savings. With Unicorn Currencies, you pay just 0.5% FX spread + £5 per payment vs banks charging 2.8% spread + £25 fees.
Is container tracking available for Jewelry & Precious Metals shipments from Indonesia?
Yes, Unicorn Currencies offers FREE container tracking for Jewelry & Precious Metals shipments from Indonesia. 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 Indonesia?
Jewelry & Precious Metals businesses typically convert GBP to IDR when paying Indonesia 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 Indonesia Suppliers 82% Cheaper?
Join Jewelry & Precious Metals businesses saving £2,320 per £100k payment with t+0 (2.3s avg within unicorn network).
Bank of Canada registered PSP | FINTRAC licensed MSB