Article 3. Basic Concepts

The following basic concepts shall be used in this Law:

fineness means the number of weight units of chemically pure precious metal in one thousand weight units of precious metal alloy;

assaying means determination or confirmation of a fineness of jewelry and other products made of precious metals by established methods;

refining enterprises mean business entities (with the exception of individual entrepreneurs and family enterprises) carrying out activities on the basis of a license for refining precious metals and (or) extracting precious metals from mined ores, concentrates and semi-products, as well as from scrap and waste of precious metals;

nugget means a natural formation (grain, particle) of a precious metal, having a mass of more than 0.3 grams, withdrawn from the mineral raw materials of the precious metal;

jewelry manufacturers mean legal entities and individual entrepreneurs engaged in the production of jewelry and other products from precious metals and precious stones;

standard bars means bars of refined precious metals that meet the requirements of the regulatory documents of the Republic of Uzbekistan in the field of technical regulation, the requirements of the London Precious Metals Market Association (London Palladium and Platinum Market) or the requirements of commodity exchanges;

scrap and waste of precious metals mean products that have lost their consumer and (or) functional properties, including their components, irreparable defects, as well as residues of raw materials, materials, semi-finished products and products containing precious metals formed in the process of production and use;

State Fund of Precious Metals and Precious Stones of the Republic of Uzbekistan mean a fund designed to provide financial, industrial, scientific, socio-cultural and other needs of the Republic of Uzbekistan;

measured bars mean bars of refined precious metals that meet the requirements of regulatory documents of the Republic of Uzbekistan in the field of technical regulation or the state that produces bars;

jewelry and other products made of precious metals and precious stones mean used as jewelry, household items and religious items, made of precious metals and their alloys and having fineness not lower than the minimum fineness established by this Law, including those made using various types of decorative processing, with or without inserts of precious stones and other materials, or products made from materials of natural or artificial origin using various types of decorative processing, with inserts of precious stones. Banknotes made of precious metals, standard and measured bars, as well as state awards, insignia and sports awards made of precious metals and precious stones shall not apply to jewelry and other products made of precious metals and precious stones;