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When Federal Law “On Precious Metals and Precious Stones” No. 41-FZ was adopted in 1998, it was a progressive decision introducing the private property for precious metals and precious stones. Probably, it was not yet clear at that time which of the...

The Russian sectoral regulatory framework in the mining and circulation of precious metals and precious stones is based on Federal Law No. 41-FZ “On Precious Metals and Precious Stones” that introduces the legal term “precious stones” as follows: “precious...

In recent years, Russian jewellers have maintained a strong position in the domestic gold jewellery market with their own production by volume (in tonnes) at a level of at least 96% of the market. A correct assessment of the real dynamics...

Federal Law No. 41-FZ “On Precious Metals and Precious Stones” was adopted in March 1998 and it has undergone 25 amendments since that time. The last amendment to Law No. 41-FZ was made through Federal Law No. 607-FZ dated December 29, 2022. Thus, the...

The reason for writing this article was the response of consumers to the headline of the news in the public media that the deadlines for the introduction of mandatory jewellery marking in Russia have been extended until 2024. While inside the jewellery...

The Internet resources contain no archive of data on this issue, but the author of this material has recorded the statistics for the last 5,5 years, from May 2017 through October 2022. During this time, the number of SMEs in the jewellery industry operating...

The fact that there is an intention in Russia to replace traditional currencies - the dollar and euro - for gold as an investment tool for the population became clear even when the Tax Code of the Russian Federation was amended to allow the sale of refined...

On February 24, 2022, the jewellery business, like any other business in Russia, was divided into “before” and “after”. Without an actual suspension of the circulation of the main currencies (dollar and euro), the events led to the de facto return...

Last week, Stephen Lussier (pictured), De Beers’ longtime head of marketing, announced he was retiring after 37 years with the company. (He’ll remain a consultant to De Beers and chair of the Natural Diamond Council.) Here, he talks with...

The news that the Russian Ministry of Finance set out to create a marketplace focused on the export of Russian-made jewellery to the global market (https://www.kommersant.ru/amp/5117787 [ https://www.kommersant.ru/amp/5117787 ] ) was widely discussed...