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LAW OF THE REPUBLIC OF UZBEKISTAN

of August 23, 2021 No. ZRU-710

About precious metals and gemstones

Accepted by Legislative house on April 27, 2021

Approved by the Senate on May 29, 2021

Chapter 1. General provisions

Article 1. Purpose and scope of this Law

The purpose of this Law is regulation of the relations in the sphere of turnover of precious metals and gemstones.

Operation of this Law does not extend to the transactions made between the physical persons who are not individual entrepreneurs with the jewelry and other products from precious metals and gemstones belonging to physical persons on the right of private property.

Article 2. Legislation on precious metals and gemstones

The legislation on precious metals and gemstones consists of this Law and other acts of the legislation.

If the international treaty of the Republic of Uzbekistan establishes other rules, than those which are stipulated by the legislation the Republic of Uzbekistan about precious metals and gemstones then are applied rules of the international treaty.

Article 3. Basic concepts

In this Law the following basic concepts are applied:

test - quantity of weight units of chemically net precious metal in one thousand weight units of alloy of precious metal;

approbation - determination or confirmation of test of jewelry and other products from precious metals by the established methods;

the affinaging companies - the subjects of entrepreneurship (except for individual entrepreneurs and family companies) performing on the basis of the license activities for refining of precious metals and (or) for extraction of precious metals from the extracted ores, concentrates and semi-products and also from scrap and waste of precious metals;

nugget - the natural formation (grain, particle) of precious metal having the mass of more 0,3 of gram, allocated from mineral raw material of precious metal;

producers of jewelry - the legal entities and individual entrepreneurs performing activities for production of jewelry and other products from precious metals and gemstones;

standard ingots - the ingots of the affined precious metals conforming to requirements of regulating documents of the Republic of Uzbekistan in the field of technical regulation, to requirements of the London association of the market of precious metals (The London market of palladium and platinum) or requirements of the commodity and raw exchanges;

scrap and waste of precious metals - the products which lost the consumer and (or) functional properties, including their components, unrecoverable scrap, and also remaining balance of raw materials, the materials, semifinished products and products containing precious metals formed in production process and uses;

The state fund of precious metals and gemstones of the Republic of Uzbekistan - the fund intended for ensuring financial, production, scientific, welfare and other needs of the Republic of Uzbekistan;

measuring ingots - the ingots of the affined precious metals conforming to requirements of regulating documents of the Republic of Uzbekistan in the field of technical regulation or the state - producer of ingots;

jewelry and other products from precious metals and gemstones - the tests used as jewelry, household items and religious purpose of product, made of precious metals and their alloys and having are not lower than the minimum tests established by this Law, including made using different types of decorative processing, with inserts from gemstones and other materials or without them, or the products made of materials of natural or artificial origin with use of different types of decorative processing with inserts from gemstones. Bank notes from precious metals, standard and measuring ingots, and also the state awards, distinctions and sports awards made of precious metals and gemstones do not belong to jewelry and other products from precious metals and gemstones;

refining of precious metals - the process of purification of the extracted precious metals of impurity and the accompanying components using methods of their physical and chemical processing directed to bringing precious metals to the quality corresponding to regulating documents of the Republic of Uzbekistan in the field of technical regulation or to international standards on the affined precious metals;

the analysis of precious metals - determination of the chemical composition of precious metal and alloy of precious metals of which the product, including by application of the methods providing its destruction is made;

precious metals - gold, silver, platinum and metals of platinum group (palladium, iridium, rhodium, ruthenium and osmium) in any kind and condition, including in native and affined, and also in raw materials, alloys, semifinished products, industrial products, chemical compounds, jewelry and other products from precious metals, bank notes from precious metals, scrap and production wastes and consumption;

gemstones - natural diamonds, rubies, emeralds, sapphires, alexandrite, natural pearls in the crude (natural) and processed type. Unique amber educations are equated to gemstones;

production of precious metals - extraction of precious metals from the extracted ores, concentrates, other semi-products, scrap and waste of precious metals, and also refining of precious metals;

conversion (processing) of scrap and waste of precious metals - extraction of precious metal from the products of technical appointment fulfilled or taken out of service, and also from the scrap and waste containing precious metals with use of the mechanical, chemical and metallurgical processes directed to finishing them to the quality conforming to requirements of regulating documents of the Republic of Uzbekistan in the field of technical regulation or to international standards on the affined precious metals;

precious metals mining - complex of the works connected with extraction of precious metals from radical (ore), loose fields and technogenic mineral educations with receipt of the concentrates and other semi-products containing precious metals;

prospecting precious metals mining and gemstones - production on the basis of entrepreneurial risk of precious metals and gemstones on subsurface areas, including on the sites of placer gold which are not in the quantitative and high-quality relation objects of industrial development;

industrial production of precious metals and gemstones - precious metals mining and gemstones on the subsurface areas containing minerals which in the quantitative and high-quality relation are objects of industrial development;

recovery of gemstones - extraction of gemstones from the instruments fulfilled or taken out of service and other products of technical appointment, and also from the waste containing gemstones with the subsequent bringing by their (cleaning) to the quality conforming to requirements of regulating documents of the Republic of Uzbekistan in the field of technical regulation or to international standards;

waste of gemstones - the waste containing the gemstones formed when processing and using gemstones in any kind and condition;

production of gemstones - complex of the works connected with extraction of gemstones from radical (ore) and loose fields and also sorting, primary classification and primary assessment of gemstones;

sorting and primary classification of gemstones - the finishing part of process of enrichment allowing based on the approved collections of standard samples and qualifiers to emit gemstones from the extracted mineral raw material, and also to divide them into the separate grades corresponding to the grades accepted in the world market;

primary assessment of gemstones - the finishing part of engineering procedure of enrichment providing assessment of gemstones based on price lists of the prices of gemstones;

branding of jewelry and other products from precious metals and gemstones - process of drawing on jewelry and other products from precious metals and gemstones of print of the state assay brand or sign of test of the established sample based on results of approbation and (or) the analysis.

Article 4. Sphere of turnover of precious metals and gemstones

The sphere of turnover of precious metals and gemstones includes geological studying and investigation of the subsurface areas containing precious metals and gemstones, their production, production, and also making of complex of transactions with precious metals and gemstones. With precious metals and gemstones treat transactions:

realization of precious metals and gemstones - the actions which are expressed in transition of the property right and other property rights to precious metals and gemstones, products (products) from them, and also scrap and waste of precious metals and waste of gemstones, including their use as pledge;

use of precious metals and gemstones in the production, scientific and welfare purposes;

change of physical condition or content of precious metals and gemstones in any substances and materials in case of production, production (refining), the subsequent conversion (processing) and use of precious metals and gemstones;

procurement of scrap and waste of precious metals and waste of gemstones;

transportation of precious metals and gemstones, products (products) from them;

movement of precious metals and gemstones, products (products) from them to storage locations, funds and store rooms, and also storage and exhibiting of precious metals and gemstones;

import to the territory of the Republic of Uzbekistan and export from its territory of precious metals and gemstones, products (products) from them, and also the scrap, waste and raw materials containing precious metals and gemstones.

Chapter 2. State regulation in the sphere of turnover of precious metals and gemstones

Article 5. Implementation of state regulation in the sphere of turnover of precious metals and gemstones

State regulation in the sphere of turnover of precious metals and gemstones is performed by means of:

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