Government pushes back mandatory physical labeling of jewelry
By a government decree, the deadlines for the introduction of mandatory labeling of jewelry made of precious stones and metals have been postponed: for jewelry made in Russia or imported from the countries of the Eurasian Economic Union – from March 1, 2023 to March 1, 2024; for jewelry imported from other countries, as well as for products declared as balances – from March 1, 2024 to September 1, 2024, reported Ministry of Finance.
The postponement proposal was put forward by business and supported Ministry of Finance.
Recall that an experiment on marking certain types of precious metals, stones and products made from them with control signs passed in Russia in 2018. Mandatory marking of jewelry labels was planned to be introduced from January 1, 2019.
Signed in June 2020 law, providing for the creation of a state integrated information system in the field of control over the circulation of precious metals, precious stones and products from them (GIIS DMDC) at all stages of this circulation. According to decree Government dated February 26, 2021 No. 270, voluntary registration in the system began on March 1, 2021. From March 1, 2022, jewelry made of precious metals and precious stones must have an identification tag.
The Ministry of Finance proposed to make the physical marking of “jewelry” (we are talking about applying a special barcode to the metal part of the jewelry next to the stamp) in the GIIS DMDC mandatory from the beginning of 2021, so that from July 1, only marked jewelry would be allowed to circulate. However, in February 2021, the start of mandatory barcode labeling of jewelry was delayed by two years, until March 2023. Now the deadline has been pushed back.