Law on Precious Metal Articles
The Law on Precious Metal Articles was published in the "Official Gazette of RS", No. 47/21 of May 10, 2021. This Law shall enter into force on May 18, 2021, except of Article 25 of this Law, which shall apply on the day of accession of the Republic of Serbia to the European Union.
The new law harmonizes with the Law on Inspection Supervision and the Law on General Administrative Procedure and improves the system of control of precious metal items. Additionally, the purchase of used items made of precious metals is elaborated and the term purchaser is introduced, who will purchase used items made of precious metals at the designated purchase point and on that occasion issue a purchase certificate.
The law specifies the provisions relating to supervision in the field of precious metals. Namely, the Directorate of Measures and Precious Metals retains the authority to supervise precious metal objects and producers of these objects, and market inspectors will supervise the turnover of objects and purchasers of objects, in accordance with this and the law governing trade records and market surveillance. The proposed improvements of legal solutions contribute to more efficient control and improvement of supervision over the trade of precious metal items.
The law abolished the possibility of authorizing bodies for examination and stamping of cases, considering that since 2011, when that possibility was introduced, there were no interested business entities in performing these tasks. The term deposit of the trademark of manufacturers, importers and agents, which has been valid for 10 years so far, has also been abolished, which facilitates the business of these economic entities.
Consumers, ie buyers of precious metal items, are provided with an extraordinary examination of the fineness of precious metal items in DMDM, which represents additional protection when purchasing these items.
The new legal solutions provide high quality items made of precious metals on the market, as well as fair market competition in order to protect the interests of both consumers and manufacturers, importers, or representatives of items made of precious metals.
On the day this law enters into force, the Law on Control of Precious Metal Objects ("Official Gazette of RS", No. 36/11 and 15/16), the Rulebook on the manner of performing control and the degree of fineness of gold semi-finished products for dental prosthetic objects ("Official Gazette of the FRY", No. 8/95), Rulebook on conditions and manner of authorizing economic entities and other legal entities to perform testing and stamping of precious metals, as well as testing of precious metals and their alloys "Official Gazette of RS", No. 116/13) and the Rulebook on the Form and Content of the Official Identity Card of a Person Authorized to Supervise Precious Metal Objects (“Official Gazette of the RS”, No. 35/13) shall cease to apply.
Retrieved from: https://tehnis.privreda.gov.rs/sr/vesti/zakonodavne-novine/888/zakon-o-predmetima-od-dragocenih-metala.html