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 a new procedure for the sale of precious metals for domestic jewelers.

This decision is the result of the implementation of the law "On Precious Metals and Precious Stones," as well as the Presidential decree dated December 5, 2025, No. 350, concerning the support of certain sectors of the economy.

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

The Ministry of Finance has been tasked with organizing the allocation of necessary financial resources for the sale of precious metals in accordance with the approved procedure.

This regulation also allows purchasing points and pawnshops dealing with precious metals and stones to sell jewelry, as well as scrap precious metals and stones, to the authorized state body responsible for the policy on the circulation and accounting of precious metals and stones, taking into account certain restrictions specified in the document.

Control over the implementation of the regulation is assigned to the Department for Monitoring the Implementation of the Decisions of the President and the Cabinet of Ministers of the Presidential Administration. This document comes into force ten days after its official publication.
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