Oman: Unlicensed Sale of Precious Stones, Metals on Social Media Prohibited

Oman: Unlicensed Sale of Precious Stones, Metals on Social Media Prohibited

The Ministry of Commerce, Industry and Investment Promotion (MoCIIP), warns that selling precious metals and stones through social media without a license is a violation of the Precious Metals Control Law. The MoCIIP said that it had noticed people selling precious metals and precious stones through various social networking platforms without obtaining a prior license from them.

The Ministry stated that this is a violation of the Precious Metals Control Law issued by Royal Decree No. (109/2000) and its executive regulations issued by Ministerial Resolution No. (123/2003). In addition, it was noted that the Ministry will take legal measures against anyone who violates this.

The Ministry of Commerce called on consumers to purchase precious metals and gemstones from licensed stores on social media and to ensure the presence of the government stamp, in addition to obtaining an official invoice upon purchase.

Penalties according to the Royal Decree No. (109/2000):

Article (14)

Without prejudice to the provisions of Article (193) of the Omani Penal Code, whoever stamps or numbers precious metals or items with forged stamping or numbering marks shall be punished by imprisonment for a period not exceeding three months and a fine not exceeding OMR 500, or by either of these two penalties for