Article (1) Definitions
In application of the Provisions of this Resolution, the following words and phrases shall have the meanings assigned to them, unless the context indicates otherwise:
UAE: Means the United Arab Emirates;
ESMA: Emirates Authority for Standardisation and Metrology
Competent Authority: Local Authority competent to apply provisions of this Resolution.
Committee: Committee of controlling the trade in precious stones and metals.
Stamping: Tagging the precious metal to indicate its type and its legal carat or purity rank.
Official Stamp: The stamp approved in State by the Authority.
Foreign Stamp: The foreign stamp recognised by the Authority.
Registered Agency: The government, local or foreign agency registered with the Authority.
Approved Agency: The agency fulfilling the requirements of the National Accreditation System in accordance with Law of Setting up of Emirates Specifications and Standards Authority.
Stamping Agency: The agency approved or registered with the Authority for tagging the precious metals with the official stamp
The Agency Granting the Certifications: The agency approved or registered with the Authority to grant certifications in the field of precious metal and stones
Precious Metals: Gold, silver and platinum and its set, they shall be either in the form of processed or non-processed items.
Precious Stones: The natural gemstones, organic or inorganic, manufactured gemstones and Semi-precious stones specified in Annex No. (2) attached to this Resolution.
Processed Items: Each piece manufactured in whole or in part from a precious metal that the purity rank therein is not less than the rank specified in this Resolution. It shall also include the bullions, medals and currencies globally circulated, the ones that no longer have a legal tender or the ones that have a historical value.
Non-Processed Items: The non-manufactured precious metal bullions.
Low-Carat Items or Low-Purity Items: Each piece of a precious metal that the purity rank therein is less than the rank specified in this Resolution.
Inlaid items: Each piece of a precious metal or other inlaid with precious metal or stones.
Coated Items: Each piece of a precious or non-precious metal coated with a precious metal.
Legal Carats: The numbers indicating the percentage of the pure precious metal in the processed and non-processed items. They shall also mean the number of portions or fractions in the weight of the pure precious metal per each mill from the weight of these items which are specified in this Law.
Fraction: One portion per mill (1/1000).
Carat: A measurement unit to weight the precious stones; one carat shall be equal to 200 milligrams (1/5 gram).
Certificate: The document issued by the approved or registered agency, which contains the identification data of the precious stones, jewellery items or metals and for the resolutions issued to apply provisions of this Resolution.
Label: The card labelled, affixed or attached to the precious stones, a jewellery item or the precious artefacts metals that are difficult to be stamped, which contain the identification data of these stones and metals according to the international approved standards.
Product: The precious stones and metals, processed and non-processed, that are circulated.
Provider: The party responsible for issuing the product in the sale outlets using all means, including the electronic means. Such party shall be subject to provisions of this Resolution and shall include the manufacturer, liquidator, seller, importer, agent, collector, sub-distributor or the commercial or legal representative.
Issuance: Any operation made on the product targeting its sale, rent, presentation or provision to the consumer or the possession of the product in order to conduct any operation therefrom, in return for payment or free of charge.
The Law: Federal Law No. 11 of 2015 Controlling the trade in and stamping of precious stones and metals.
Translated in cooperation with