How to get a $1,000 smart ring from China: How to make a $200,000 ring
The U.S. Department of State has issued new guidelines for Chinese-made smart rings, which will allow American buyers to shop for the $1 million smart ring that a Chinese entrepreneur has been working on.
In an announcement on Tuesday, the department said the new guidance will help Americans navigate the complexities of China’s complex and confusing ring buying and sales laws.
The guidance will allow Chinese consumers to choose from a range of options to purchase a ring that can be produced by the Chinese government or the Chinese military, including locally produced or made by American firms.
It will also help the government to identify any issues that could pose a risk to the consumer, such as the price or quality of the ring.
The government also will help the public better understand the requirements for a smart ring.
“The guidance, which we expect to be in the United States sometime this summer, will provide a guide to the complexities associated with the purchase of a smart Ring from the Chinese market,” said Anne E. Thomas, the acting assistant secretary for international economic affairs.
The Department of Commerce has a number of regulations that govern the ring buying process, including how much a buyer must pay, what the ring should look like and how it should be used.
The rules, however, do not apply to the smart ring market, where many Chinese manufacturers have been producing their own products.
China has long struggled to make affordable products, but with China’s currency devaluation and economic woes, there are concerns about the quality of products being sold in the country.
China’s government has also stepped up efforts to crack down on counterfeit products.
In March, the state-run China Daily newspaper said it had arrested two men in China for trying to manufacture counterfeit rings.
China’s state-owned Global Times newspaper also published a report in May that said it seized nearly 1.5 billion counterfeit watches and other jewelry from Hong Kong, Singapore, Macau and Taiwan in 2017.
The United States has not issued any new guidance on smart rings.