The Ministry of Commerce has presented the draft Implementing Regulations of the Precious Metals and Gemstones Law for public and stakeholder consultation through the “Public Consultation Platform” under the National Competitiveness Center until the 4th of September 2025.
The Ministry clarified that the draft regulations aim at consistency with the amendments of the provisions of the Precious Metals and Gemstones Law, through specifying the regulatory provisions for the activities of trade and industry of precious metals and gemstones, their works, plated, clad, and inlaid items, and the controls for supervising them, according to best practices.
The provisions of the Implementing Regulations of the Precious Metals and Gemstones Law confirmed that it is not permissible to engage in the industry of precious metals and gemstones except after obtaining the industrial license from the Ministry of Industry and Mineral Resources, pursuant to the Unified Industrial Organization Law of the Gulf Cooperation Council (GCC) States and its implementing regulations, and any subsequent amendments thereto, and according to the conditions and procedures specified by the Ministry.
They also confirmed that it is not permissible to engage in the activity of selling precious metals and gemstones, or to change the location of practicing the activity, or to cease practicing it, except after notifying the Ministry of Commerce. They also permitted the sale of precious metals and gemstones through the electronic shop and through self-service machines.
It is required for engaging in the activity of repairing, cleaning, welding, plating, or polishing works of precious metals that the activity be included within the commercial registration of the establishment.
The regulations stipulated the prohibition of selling, offering for sale, or possessing with the intent of sale any manufactured items by any means unless several conditions are fulfilled, the most prominent of which is that they are stamped with the Kingdom’s mark, or stamped with a registered trademark.
Foreign stamps indicating the standard of imported precious metal works are accepted, provided that they are stamped with their actual fineness that corresponds to one of the statutory standards, with the exception of antique works not less than one hundred years old.
The regulations emphasized the prohibition of advertising precious metals and gemstones by any means unless the advertisement contains precise details according to the nature of the work, its weight, its type, and its purity standards.
The Ministry of Commerce called on interested parties to express their opinions and comments regarding the provisions of the Implementing Regulations of the Precious Metals and Gemstones Law through the link [
Click Here].