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  N e w s

JULY 2, 2001  


Jewellery Industry of Russia Has Incentive to Grow

Possibility to export jewellery and goods with precious metals without any limitations will result in growth of jewellery industry by 2 times, said Deputy Head of Assay Office Boris Borisov. He said that gold and silver export of Russia should not have any taxes and hindrances but 5% of duty. Goods export was previously determined by the President of Russia and due to this it was inactive until now. Over 2000 about 14 t of gold, 28.7 t of pure silver, 95-96 kg of platinum and appr. 250 gr of palladium were used for jewellery manufacturing.
Consequently, now jewellery production is to grow up to 21-24 t of gold, up to 45 t of silver. The proportions are the same for platinum and palladium..

Source: Gazeta.ru
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