Domestic jewelers will be able to purchase precious metals at a 2% discount from the London fixing.

Елена Краснова Exclusive
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- The Cabinet of Ministers has approved the Procedure for the implementation of precious metals to domestic jewelry manufacturers.

According to the new resolution, domestic jewelry manufacturers will be able to purchase precious metals at a 2% discount from the London Bullion Market Association (LBMA) fixing price.

The Ministry of Finance has been tasked with ensuring the allocation of necessary funds for the implementation of precious metals in accordance with the established procedure.

Additionally, it is stipulated that purchasing points and pawnshops dealing with precious metals and stones will be able to sell jewelry and scrap precious metals to the authorized state body responsible for the policy regarding the circulation and accounting of precious metals and stones, with the exception of certain restrictions specified in the document.

Control over the implementation of this resolution will be carried out by the Department of Control over the Execution of Decisions of the President and the Cabinet of Ministers of the Presidential Administration. The resolution will come into force ten days after its official publication.
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