In accordance with Presidential Decree No. PP–207 dated June 26, 2025, a new procedure has been approved for the sale of precious metals by prospectors and refining enterprises through exchange trading organized by the Uzbek Commodity Exchange (UZEX).

This procedure aims to transform the sector into one of the key drivers of the national industry and to support activities related to the production and sale of jewelry made from precious metals and gemstones.

According to the document, business entities engaged in the extraction of precious metals through artisanal methods, as well as refining enterprises, are granted the right to sell precious metals via exchange trading.

Exchange trading will be conducted in the form of ascending-price auctions. To participate, both sellers and buyers must deposit collateral funds of up to 10% into their personal accounts.

In addition, prospectors and refining enterprises are required to possess the relevant licenses and laboratory certificates issued by authorized institutions.

The introduction of this new procedure is aimed at developing domestic jewelry production, increasing its competitiveness in domestic and foreign markets, and meeting the growing consumer demand for high-quality jewelry products.

The full text of the procedure is available in the documents section on the official website of UZEX JSC.

 

Source: DEPARTMENT OF MASS COMMUNICATIONS AND FOREIGN ECONOMIC ACTIVITY