Implementing Regulations of the Law on Precious Metals and Gemstones

Release Date:	1440-02-06
Release Tool:	Ministerial decision
Issuance Instrument Number:	5111
Validity:	Cancelled
Date of last amendment:	1442-10-13
Summary:	By AI A ministerial decision has been issued by the Minister of Commerce and Investment in Saudi Arabia approving the Implementing Regulation of the Law on Precious Metals and Gemstones, which replaces the previous regulation. The decision includes definitions for precious metals (such as gold, silver, and platinum) and gemstones, and establishes standards for quality and purity, in addition to procedures for hallmarking items. The sale or display of unhallmarked items is prohibited, and engaging in t...

Release Date:

1440-02-06

Release Tool:

Ministerial decision

Issuance Instrument Number:

5111

Validity:

Cancelled

Date of last amendment:

1442-10-13

Summary:

By AI

A ministerial decision has been issued by the Minister of Commerce and Investment in Saudi Arabia approving the Implementing Regulation of the Law on Precious Metals and Gemstones, which replaces the previous regulation. The decision includes definitions for precious metals (such as gold, silver, and platinum) and gemstones, and establishes standards for quality and purity, in addition to procedures for hallmarking items. The sale or display of unhallmarked items is prohibited, and engaging in t...