Investment Magazine/Exclusive
The Yemeni Standards, Metrology, and Quality Control Authority announced the release of an informational guide detailing the registered jewelry workshops and the approved hallmarking codes for precious metals. This initiative marks a significant step toward enhancing transparency and trust within the precious metals sector.
The guide sheds light on the legal aspects of regulating the jewelry profession, outlining the conditions and procedures for obtaining licenses, along with the obligations required of individuals involved in the buying and selling of precious metals. It also includes a comprehensive list of registered workshops and labs, providing investors and business owners an opportunity to collaborate with reliable and certified entities.
In the framework of combating money laundering and terrorist financing, the guide offers detailed instructions for professionals in the precious metals sector, as well as official guidelines and procedures to ensure compliance with international standards.
The Executive Director General of the Authority, Sam Al-Bashiri, emphasized that the guide aims to support the local industry in crafting gold and precious metals while preserving its reputation both locally and internationally. He highlighted that this initiative opens avenues for registered workshops to compete in global markets. Furthermore, the guide seeks to foster a safe and stable investment environment by organizing the sector and providing accurate data for investors about trusted workshops.
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