INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of January 9, 2024 No. 6659-U

About procedure for acceptance, accounting, storage and issue of gemstones (the processed natural diamonds) in credit institutions

This Instruction based on item 4 of part three of article 5 of the Federal law "About Banks and Banking Activity" (in edition of the Federal Law of February 3, 1996 No. 17-FZ), paragraph one of Item 5 of article 10 of the Federal Law of March 26, 1998 No. 41-FZ "About precious metals and gemstones" establishes procedure for acceptance, accounting, storage and issue of gemstones (the processed natural diamonds) in credit institutions in the territory of the Russian Federation.

1. The credit institution, branch of credit institution (further - branch), internal structural division of credit institution (branch) (further - VSP) perform acceptance, accounting, storage and issue of gemstones in the form of the processed natural diamonds conforming to requirements of Section 6 of the national standard of the Russian Federation of GOST P 70856-2023 "Diamonds. Classification. Requirements to sorting and certification" <1> (further respectively - gemstones, the national standard).

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<1> No. 687 of St is approved by the order of Rosstandart of August 17, 2023 (M., Federal State Budgetary Institution Institute of Standardization, 2023) also is enacted since June 1, 2024.

The credit institution (branch, VSP) performs acceptance, issue of gemstones to legal entities (including to other credit institutions (branches, VSP), individual entrepreneurs, physical persons (further in case of joint mentioning - clients).

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