I am heading back to Manila on August 13 to see my girl for 2 weeks. I would like to bring her the engagement ring I bought her here in the USA.
My question is do I have to declare it when I go through customs? It is not a fancy expensive ring but I did pay about $500 US at a friend of mine's jewelry shop for a pretty little .56 carat marquise-cut diamond solitaire white gold ring. If I did not know my friend it would have cost more than double that anywhere else.
If I have to pay some ridiculous customs duty on it, I will just give it to her when she arrives on the K1. Otherwise, if I can get it through customs without declaring or just pay a minimal duty fee, I will bring it on this trip. What happens if I don't declare it but customs finds it?
Anyone have any advice/experience on this issue? I would really like to give the ring to her on my trip. We will be having an engagement party in her home province with her family.
Thanks,
Swisskid