📋 Tender Overview
The State Duma adopted in the first reading a bill that provides for a voluntary procedure for branding jewelry and other products made of precious metals and precious stones, marked with identification means and intended for export outside the Eurasian Economic Union (EAEU). The bill was developed in accordance with the instructions of the President and initiated by the Government of the Russian Federation.
The bill provides for a voluntary procedure for branding with the state hallmark jewelry and other products made of gold, platinum and platinum group metals of domestic production (hereinafter referred to as jewelry) intended for export to countries that are not members of the EEC, provided that a two-dimensional bar code is applied to them in in accordance with the procedure for the functioning of the state integrated information system in the field of control over the circulation of precious metals, precious stones and products made from them at all stages of this circulation. The bill also gives the Federal Assay Office the authority to apply a two-dimensional bar code to jewelry and other items made of precious metals.
As Nikita Chaplin (United Russia), a member of the State Duma Committee on Budget and Taxes, explained, by the end of 2023, the production of precious metals in Russia reached 3 thousand tons, which is 10.3% more than a year earlier. "In February 2023, relative to the same period last year, gold production in the country as a whole increased by 6.9%, but these are all figures according to official data. Every year, the illegal turnover of jewelry in Russia amounts to about 50 billion rubles, and some of the jewelry, indeed, it is illegally sold in other countries. Marking will improve control over the circulation of precious metals and stones, as well as increase the confidence and attractiveness of domestic jewelry products for foreign markets. The need to apply a two-dimensional bar code to such products is an important point in the light of the development of modern technologies and. control systems," he noted.
The state integrated information system in the field of control over the circulation of precious metals and stones at all stages of their circulation will help improve the efficiency of control and transparency of this industry, Chaplin said. “Such a system will also help prevent counterfeit goods, which can damage not only the economy, but also the reputation of the domestic manufacturer. The Assay Office will be able to guarantee the authenticity and quality of domestic jewelry products, as well as monitor their compliance with established requirements,” the deputy concluded.
If adopted, the document will come into force on September 1, 2024.
