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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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