BISHKEK, Kyrgyzstan, March 18. The Cabinet of
Ministers of Kyrgyzstan has approved the procedure for the sale of
precious metals to domestic jewelry manufacturers, Trend reports via the press
service of the Cabinet of Ministers.
The corresponding resolution was signed by the Chairman of the
Cabinet of Ministers and the Head of the Presidential
Administration of Kyrgyzstan, Adylbek Kasymaliev.
This decision was made to bring Kyrgyzstan’s legislation
regulating operations involving precious metals and gemstones in
line with the Law of the Kyrgyz Republic "On Precious Metals and
Precious Stones" and the Presidential Decree "On Measures to
Support Certain Sectors of the Economy."
Additionally, the resolution grants jewelry manufacturers the
right to purchase precious metals and gemstones acquired by the
Cabinet of Ministers through a priority purchase scheme, thereby
ensuring a steady supply of raw materials for the country’s jewelry
production, in accordance with procedures established by the
Cabinet.
The resolution further stipulates that the sale of precious
metals to domestic jewelry manufacturers will be conducted at a 2
percent discount from the London Bullion Market fixing price.
Collection points and pawnshops involved in the handling of
precious metals and gemstones are authorized to sell jewelry and
other products, as well as scrap precious metals and gemstones, to
the designated state body responsible for managing state policy
regarding the circulation and accounting of such materials.
However, the sale of finished jewelry items remains excluded from
this provision.
