By applying the new Law on Precious Metal Items, used jewelry can now be purchased by any company or entrepreneur, but only if it is registered with the Directorate for Measures and Precious Metals. At the moment, there are only 98 of them on the list.
In Serbia, there are now officially buyers of used items made of precious metals.
Until recently, only producers could buy used gold. In practice, family valuables were bought by exchange offices and even hair salons.
– The new law elaborates the provisions related to the purchase of used items made of precious metals and separates the obligations of producers and purchasers – they explain in the Ministry of Economy.
– The purchaser is a new term and represents a business entity that is registered in Serbia and in the Directorate for Measures and Precious Metals as a purchaser. These can be goldsmiths, pawnshops, but also other economic entities. The purchase of used items or their parts made of precious metals can be performed only by the purchaser from the register of the Directorate, at the purchase point which must be marked with a board or sticker.
The board, ie the sticker, must contain the ordinal number from the register, the business name of the purchaser, the address of the registered office and the identification number, as well as the number of the purchase point with the address.
Producers who have practically dealt only with the purchase will not have the obligation to have the production equipment as well as the sign of the producer, which, the authorities believe, will lead to a reduction in their business costs.
– The law now establishes a different concept which does not imply prescribing conditions for the entities that perform the purchase, but the emphasis is on strengthening the activities of supervision over those entities – they point out in the Ministry of Economy.
– We note that the new law abolishes the term deposit of the manufacturer’s mark, which has been valid for ten years, and the novelty is the possibility of extraordinary fineness testing, which gives every interested person, in case of doubt in the fineness of the case, the right to check the case in the Directorate. The Ministry of Economy supervises the application of laws and other regulations in the field of precious metals.
Goldsmiths note that the new law does not bring them significant changes in business.
– As a producer, I had the right to buy – explains Marko, a goldsmith from Sabac.
– We have to register for the purchase. The fee is a maximum of 3.5 euros. The new rules will allow more buyers. Until now, they could work on behalf of a goldsmith. Now anyone who is registered can.
Examination
* Anyone who doubts the fineness of gold can ask the Directorate for Measures and Precious Metals for an extraordinary test and issue a report on the test performed.
* The costs of the extraordinary examination of the degree of fineness shall be borne by the applicant.
Gold without a stamp
According to the new solution, items made of platinum, gold and palladium weighing up to 0.5 grams and items made of silver weighing up to one gram are not subject to the obligation of marking, testing and stamping.
This measure could reduce the operating costs of manufacturers, importers or agents, Alo reports.
