According to this document, the prices for raw materials for local jewelry manufacturers will be set in accordance with international standards, specifically the fixing of the London Bullion Market Association (LBMA), with a 2 percent discount applied.
This initiative was developed in accordance with the Law "On Precious Metals and Precious Stones" and the presidential decree issued on December 5, 2025, to support certain sectors of the economy.
The new procedure not only reduces prices for raw materials but also provides an opportunity for local jewelry companies to obtain precious metals on credit for a period of up to 180 days.
It is important to note that gold purchased at a reduced price cannot be resold; it must be used exclusively for domestic production. The new regulation also organizes the operation of the secondary market: pawnshops and buying points can now officially sell jewelry, precious stones, and scrap to the state.
This measure aims to accumulate the necessary volumes of raw materials for further distribution among domestic manufacturing enterprises. The control over the implementation of this regulation will be carried out by the authorized state body responsible for regulating the precious metals market.
