This is a notable content mentioned in Circular 17/2014/TT-NHNN issued by the State Bank on August 1, 2014, stipulating the classification, packaging, and delivery of precious metals and gemstones.
Precious metals and gemstones are categorized into the following groups: Type, Classification, or Quality Classification. These categories are specifically regulated in Circular 17/2014/TT-NHNN as follows:
Type: Gold, silver, platinum, diamond, ruby, emerald, sapphire, pearl, and other precious metals and gemstones as prescribed by law.
Classification:
- Gold is classified as follows:
- Jewelry and fine arts gold are gold products with a gold content of 8 karats (equivalent to 33.33%) or higher, processed and crafted for jewelry and fine arts decoration purposes.- Gold bars are gold that is stamped into bars, marked with letters, numbers indicating weight, quality, and the hallmark of enterprises and credit institutions permitted by the State Bank to produce or gold bars produced by the State Bank during specific periods.- Gold materials are gold in the form of blocks, ingots, grains, bars, and other forms.
- Other precious metals are classified as follows:
- Jewelry and fine arts precious metals are precious metal products that have been processed and crafted for jewelry and fine arts decoration purposes.- Raw precious metals are precious metals in the form of blocks, ingots, grains, bars, and other forms.
Quality Classification: The types or classifications above are further subdivided by quality.
- Precious metals: Classified by the content of the precious metal as over 75%, from 30% to 75%, and under 30%.- Gemstones: Divided into Type I, Type II, Type III, and Type IV.
For details, refer to Circular 17/2014/TT-NHNN effective from September 15, 2014.
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