Decree-Law 98/2015 was published on 18 August 2015. The law sets out the new legal framework for jewellery and assayers and repeals Decree-Laws 391/79, of 20 Septembe, 57/98, of 16 March and 171/99, of 19 May. The new legal framework regulates the sector of trade in articles with precious metals and the provision of services by Assayer’s Offices, as well as the professional activities of technical supervisor of assaying-casting precious metals and appraiser of articles with precious metals and gemstone materials.
Despite its importance, due to its complementarity with the two laws discussed above, it will merely be noted that the new legal framework for jewellery and assayers extensively regulates various issues, namely the rules on the placing on the market and selling of articles with precious metals, the legal purities of precious metals and assayer ’s marks, economic agents and their commercial activities, the technical requirements of precious metals and the import and export of articles with precious metals.
It must also be noted that economic agents in whose premises articles with used precious metals are displayed, bought and sold must adopt the mandatory security systems set out in the law, which must be implemented within 180 days from the publication of the new legal framework, including a video surveillance system for effective control of entries into and departures from such premises.
In addition, the new legal framework requires the existence of civil liability insurance for the technical supervisor of assaying-casting precious metals and appraiser of articles with precious metals and gemstone materials, with a mandatory minimum insured amount of €100,000.00, without prejudice to the ordinance to be published within 90 days from the date of publication of this decree-law which shall establish the minimum requirements of the insurance.