Re-exports of pearl and precious stones
was valued at Dh477 million, while 2017 saw the re-export of pearl and precious stones
worth Dh2.5 billion in 2017.
The Dh5 million in question was wired as part of a purchase deal of precious stones
. However, the alleged fraud bid by the owner was foiled after the UAE Central Bank seized the amount, suspecting it to be earned illegally.
The new regulation follows a Royal decree in 2016 amending the Pearl and Precious Stone
Control Law, which was published in the Official Gazette last week.
A fine of between Dhs100,000 and Dhs500,000 will be imposed on any authorised institution found issuing certificates for precious stones
and metals showing incorrect information.
Most of the world's best quality jadeite is mined in Hpakant, a strip of torn earth in Myanmar's insurgency-wracked northern Kachin state bordering China, a country with a voracious demand for the precious stone
He inform that in Khyber Pakhtunkhwa and Fata there were a large numbers of natural resources including precious stone
and its the time that we utilized all these resources.
The alleged conman approached the buyer at a Limassol cafE[umlaut] in February and told him he was a precious stone
26 Kyodo A massive precious stone
that may be the world's biggest blue sapphire has been found in Thailand's Kanchanaburi Province, a jewelry trader said Friday.
Ministry of Commerce and Industry's stall act as a quality controller for quality checking the purity gold, silver, precious stone
jewellery in the range which is acceptable in Oman.
The law directly targets "people involved in forging hallmarks of precious metal and/or certificates of precious stone
jewellery, or in selling, offering, possessing or trading in jewellery with forged hallmarks or certificates."
In a hilarious video, the tiny ant can be seen walking away with the precious stone
right under the jeweller's nose.
The precious stone
testing laboratory will determine the type of treatment for these stones, if any, and issue a certificate bearing the specifications of the precious stone