{"id":17581,"date":"2024-06-05T10:16:44","date_gmt":"2024-06-05T10:16:44","guid":{"rendered":"https:\/\/www.creationbc.com\/?page_id=17581"},"modified":"2024-06-06T05:19:46","modified_gmt":"2024-06-06T05:19:46","slug":"precious-gemstones-law","status":"publish","type":"page","link":"https:\/\/www.creationbc.com\/en-sa\/corporate-laws-and-legislation\/precious-gemstones-law\/","title":{"rendered":"Precious &#038; Gemstones Law"},"content":{"rendered":"<p>[vc_row full_width=&#8221;stretch_row&#8221; content_placement=&#8221;bottom&#8221; css=&#8221;.vc_custom_1709591093076{margin-top: 75px !important;padding-top: 75px !important;padding-bottom: 131px !important;padding-left: 95px !important;background-image: url(https:\/\/www.creationbc.com\/wp-content\/uploads\/2024\/03\/saudi-new-companies-law.jpg?id=15343) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}&#8221; el_class=&#8221;free-zone-header&#8221;][vc_column][vc_custom_heading text=&#8221;PRECIOUS &amp; GEMSTONES LAW&#8221; font_container=&#8221;tag:h1|font_size:40px|text_align:left|color:%23f3d58e&#8221; use_theme_fonts=&#8221;yes&#8221; css_animation=&#8221;fadeInLeft&#8221; css=&#8221;.vc_custom_1717581895683{margin-top: 30px !important;padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;}&#8221;][\/vc_column][\/vc_row][vc_row content_placement=&#8221;middle&#8221; css=&#8221;.vc_custom_1600594414157{padding-top: 70px !important;padding-bottom: 70px !important;}&#8221;][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1600815609935{padding-top: 0px !important;}&#8221; el_class=&#8221;about-us-left&#8221;][vc_custom_heading text=&#8221;PRECIOUS &amp; GEMSTONES LAW&#8221; font_container=&#8221;tag:h2|font_size:32px|text_align:center|color:%230f0d12|line_height:50px&#8221; use_theme_fonts=&#8221;yes&#8221; css_animation=&#8221;fadeInLeft&#8221; css=&#8221;.vc_custom_1717582033248{margin-bottom: 30px !important;}&#8221;][vc_btn title=&#8221;DOWNLOAD PRECIOUS &amp; GEMSTONES LAW&#8221; style=&#8221;3d&#8221; align=&#8221;center&#8221; i_align=&#8221;right&#8221; i_type=&#8221;typicons&#8221; i_icon_typicons=&#8221;typcn typcn-chevron-right&#8221; css_animation=&#8221;fadeInLeft&#8221; add_icon=&#8221;true&#8221; link=&#8221;url:%23download-precious-gemstones-law&#8221;][\/vc_column][vc_column width=&#8221;1\/2&#8243; el_class=&#8221;about-us-right&#8221; css=&#8221;.vc_custom_1600615244962{padding-top: 0px !important;}&#8221;][vc_column_text css_animation=&#8221;fadeInRight&#8221;]<\/p>\n<p style=\"text-align: justify;\">The Precious &amp; Gemstones Law, within the framework of <a href=\"https:\/\/www.creationbc.com\/en-sa\/corporate-laws-and-legislation\/\">Saudi Arabia&#8217;s Corporate Laws &amp; legislations<\/a>, establishes regulations governing the trade, import, export, and possession of precious stones and gems within the Kingdom. It aims to ensure transparency, authenticity, and ethical practices in the precious stones industry, safeguarding the interests of both consumers and businesses.<\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<h2><b>HIGHLIGHTS OF THE PRECIOUS &amp; GEMSTONES LAW IN SAUDI ARABIA<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><strong>Regulation of Trade:<\/strong> The law outlines regulations for the trade, import, and export of precious stones and gems, ensuring compliance with international standards and ethical practices.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><strong>Quality Standards:<\/strong> Specifies quality standards and grading criteria for precious stones and gems traded within Saudi Arabia.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><strong>Licensing Requirements:<\/strong> Mandates licensing for businesses involved in the trade of precious stones and gems, ensuring that only authorized entities engage in such activities.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><strong>Consumer Protection:<\/strong> Provides measures to protect consumers from counterfeit or misrepresented gemstones, enhancing trust and confidence in the market.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><strong>Enforcement and Penalties:<\/strong> Enforces strict penalties for violations of the law, including fines, confiscation of goods, and legal actions against offenders.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><b>ISSUER OF THE PRECIOUS &amp; GEMSTONES LAW IN SAUDI ARABIA<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The Precious &amp; Gemstones Law in Saudi Arabia is issued by the <\/span><a href=\"https:\/\/mc.gov.sa\/en\/Pages\/default.aspx\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Ministry of Commerce<\/span><\/a><span style=\"font-weight: 400;\"> of the Kingdom of Saudi Arabia.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>WHO IS SUBJECT TO THE PRECIOUS &amp; GEMSTONES LAW IN SAUDI ARABIA<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><strong>Importers and Exporters:<\/strong> Entities engaged in the import and export of precious stones and gems into and from Saudi Arabia.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><strong>Wholesalers and Retailers:<\/strong> Businesses involved in the wholesale and retail trade of precious stones and gems within the Kingdom.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><strong>Manufacturers and Processors:<\/strong> Entities engaged in the manufacturing and processing of jewellery and other products containing precious stones and gems.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><strong>Individuals:<\/strong> Individuals possessing or trading precious stones and gems within Saudi Arabia are also subject to the provisions of the law.<\/span><\/li>\n<\/ul>\n<p>[\/vc_column_text][vc_empty_space el_class=&#8221;no-mobile&#8221;][\/vc_column][\/vc_row][vc_row el_id=&#8221;download-precious-gemstones-law&#8221;][vc_column][vc_row_inner][vc_column_inner width=&#8221;1\/2&#8243;][vc_custom_heading text=&#8221;DOWNLOAD PRECIOUS &amp; GEMSTONES LAW&#8221; font_container=&#8221;tag:h3|font_size:15px|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243;][vc_custom_heading text=&#8221;DOWNLOAD PRECIOUS &amp; GEMSTONES LAW&#8221; font_container=&#8221;tag:h3|font_size:15px|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][\/vc_column_inner][\/vc_row_inner][vc_row_inner css=&#8221;.vc_custom_1706220877476{margin-top: -35px !important;margin-bottom: -35px !important;}&#8221;][vc_column_inner width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<p style=\"text-align: center;\">ENGLISH<\/p>\n<p>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<p style=\"text-align: center;\">ARABIC<\/p>\n<p>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner css=&#8221;.vc_custom_1706220325719{margin-right: 150px !important;margin-left: 150px !important;}&#8221;][vc_column_inner width=&#8221;1\/3&#8243;]\n<div class=\"wpcf7 no-js\" id=\"wpcf7-f17651-o1\" lang=\"ae\" dir=\"ltr\" data-wpcf7-id=\"17651\">\n<div class=\"screen-reader-response\"><p role=\"status\" aria-live=\"polite\" aria-atomic=\"true\"><\/p> <ul><\/ul><\/div>\n<form action=\"\/en-sa\/wp-json\/wp\/v2\/pages\/17581#wpcf7-f17651-o1\" method=\"post\" 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href=\"\/en-sa\/corporate-laws-and-legislation\/anti-money-laundering-law\/\">Anti-Money Laundering Law (AML)<\/a>.<\/li>\n<li><a href=\"https:\/\/www.creationbc.com\/en-sa\/corporate-laws-and-legislation\/implementing-regulations-of-the-companies-law\/\"><span style=\"font-weight: 400;\">Implementing Regulations of the Companies Law<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li><a href=\"https:\/\/www.creationbc.com\/en-sa\/corporate-laws-and-legislation\/the-law-of-trade-names\/\"><span style=\"font-weight: 400;\">The Law of Trade Names<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.creationbc.com\/en-sa\/corporate-laws-and-legislation\/executive-regulations-of-trade-names-law\/\"><span style=\"font-weight: 400;\">Executive Regulations of the Trade Names Law<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li><a href=\"https:\/\/www.creationbc.com\/en-sa\/corporate-laws-and-legislation\/law-of-commercial-agencies\/\"><span style=\"font-weight: 400;\">The Law of Commercial Agencies<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li><a href=\"https:\/\/www.creationbc.com\/en-sa\/corporate-laws-and-legislation\/implementing-regulations-of-the-law-of-commercial-agencies\/\"><span style=\"font-weight: 400;\">Implementing Regulations of the Law of Commercial Agencies<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li><a href=\"https:\/\/www.creationbc.com\/en-sa\/corporate-laws-and-legislation\/new-companies-law\/\">New Companies Law.<\/a><\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/3&#8243;][vc_column_text]<\/p>\n<ul>\n<li><a href=\"https:\/\/www.creationbc.com\/en-sa\/corporate-laws-and-legislation\/commercial-papers-law\/\"><span style=\"font-weight: 400;\">Commercial Papers Law.<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.creationbc.com\/en-sa\/corporate-laws-and-legislation\/bankruptcy-law\/\"><span style=\"font-weight: 400;\">Bankruptcy Law<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.creationbc.com\/en-sa\/corporate-laws-and-legislation\/implementing-regulations-of-the-bankruptcy-law\/\"><span style=\"font-weight: 400;\">Implementing Regulations of the Bankruptcy Law<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.creationbc.com\/en-sa\/corporate-laws-and-legislation\/franchise-law\/\"><span style=\"font-weight: 400;\">Franchise Law<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.creationbc.com\/en-sa\/corporate-laws-and-legislation\/implementing-regulations-of-the-franchise-law\/\"><span style=\"font-weight: 400;\">Implementing Regulations of the Franchise Law<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li><a href=\"https:\/\/www.creationbc.com\/en-sa\/corporate-laws-and-legislation\/the-law-on-the-authorities-of-the-ministry-of-commerce\/\"><span style=\"font-weight: 400;\">The Law on the Authorities of the Ministry of Commerce<\/span><\/a>.<\/li>\n<li><a href=\"https:\/\/www.creationbc.com\/en-sa\/corporate-laws-and-legislation\/commercial-books-law\/\">Commercial Books Law.<\/a><\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/3&#8243;][vc_column_text]<\/p>\n<ul>\n<li><a href=\"https:\/\/www.creationbc.com\/en-sa\/corporate-laws-and-legislation\/the-law-of-commercial-register\/\"><span style=\"font-weight: 400;\">The Law of Commercial Register.<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.creationbc.com\/en-sa\/corporate-laws-and-legislation\/implementing-regulations-of-the-commercial-register-law\/#download-implementing-regulations-of-the-commercial-register-law\"><span style=\"font-weight: 400;\">Implementing Regulations of the Commercial Register Law<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.creationbc.com\/en-sa\/corporate-laws-and-legislation\/chambers-of-commerce-law\/\"><span style=\"font-weight: 400;\">Chambers of Commerce Law<\/span><\/a>.<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.creationbc.com\/en-sa\/corporate-laws-and-legislation\/implementing-regulations-of-the-chambers-of-commerce-law\/\"><span style=\"font-weight: 400;\">The Implementing Regulations of the Chambers of Commerce Law.<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.creationbc.com\/en-sa\/corporate-laws-and-legislation\/the-law-of-commercial-data\/\"><span style=\"font-weight: 400;\">The Law of Commercial Data.<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.creationbc.com\/en-sa\/corporate-laws-and-legislation\/implementing-regulations-of-the-commercial-data-law\/\"><span style=\"font-weight: 400;\">The Implementing Regulations of the Commercial Data Law<\/span><\/a>.<\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_empty_space el_class=&#8221;no-mobile&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<p>&nbsp;<\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row full_width=&#8221;stretch_row&#8221; content_placement=&#8221;bottom&#8221; css=&#8221;.vc_custom_1709591093076{margin-top: 75px !important;padding-top: 75px !important;padding-bottom: 131px !important;padding-left: 95px !important;background-image: url(https:\/\/www.creationbc.com\/wp-content\/uploads\/2024\/03\/saudi-new-companies-law.jpg?id=15343) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}&#8221; el_class=&#8221;free-zone-header&#8221;][vc_column][vc_custom_heading text=&#8221;PRECIOUS &amp; GEMSTONES LAW&#8221; font_container=&#8221;tag:h1|font_size:40px|text_align:left|color:%23f3d58e&#8221; use_theme_fonts=&#8221;yes&#8221; css_animation=&#8221;fadeInLeft&#8221; css=&#8221;.vc_custom_1717581895683{margin-top: 30px !important;padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;}&#8221;][\/vc_column][\/vc_row][vc_row content_placement=&#8221;middle&#8221; css=&#8221;.vc_custom_1600594414157{padding-top: 70px !important;padding-bottom: 70px !important;}&#8221;][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1600815609935{padding-top: 0px !important;}&#8221; el_class=&#8221;about-us-left&#8221;][vc_custom_heading text=&#8221;PRECIOUS &amp; GEMSTONES LAW&#8221; font_container=&#8221;tag:h2|font_size:32px|text_align:center|color:%230f0d12|line_height:50px&#8221; [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":15131,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-17581","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.creationbc.com\/en-sa\/wp-json\/wp\/v2\/pages\/17581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.creationbc.com\/en-sa\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.creationbc.com\/en-sa\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.creationbc.com\/en-sa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.creationbc.com\/en-sa\/wp-json\/wp\/v2\/comments?post=17581"}],"version-history":[{"count":10,"href":"https:\/\/www.creationbc.com\/en-sa\/wp-json\/wp\/v2\/pages\/17581\/revisions"}],"predecessor-version":[{"id":17656,"href":"https:\/\/www.creationbc.com\/en-sa\/wp-json\/wp\/v2\/pages\/17581\/revisions\/17656"}],"up":[{"embeddable":true,"href":"https:\/\/www.creationbc.com\/en-sa\/wp-json\/wp\/v2\/pages\/15131"}],"wp:attachment":[{"href":"https:\/\/www.creationbc.com\/en-sa\/wp-json\/wp\/v2\/media?parent=17581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}