Article 20. Manufacture of Jewelry and Other Products from Precious Metals and Precious Stones

The activity of manufacturing jewelry and other products from precious metals and precious stones shall be carried out on the basis of a notification procedure provided for by legislation.

Jewelry manufacturers shall have the right to purchase precious metals and precious stones, including those mined by artisanal mining, jewelry and other products made of precious metals and precious stones, jewelry scrap, precious metal discs for dental products, as well as their scrap, for manufacturing from them of jewelry and other products made of precious metals and precious stones.

If a jewelry manufacturer has a license to carry out activities related to the circulation of precursors, a license to carry out activities in the refining of precious metals shall not be required.

Manufacturers of jewelry shall have the right to realize to other manufacturers of jewelry semi-finished products of jewelry items made by themselves from precious metals. In this case, the value of realization of semi-finished products shall be determined independently by manufacturers of jewelry in an amount not less than the price of the morning fixing of the London Bullion Market Association and the exchange rate of the Central Bank of the Republic of Uzbekistan on the date of settlement.