Digital Transformation of Precious Metals and Stones Turnover

Olga V. Umgaeva () and Ludmila N. Ivanova ()
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Olga V. Umgaeva: Financial Research Institute, Moscow, Russian Federation
Ludmila N. Ivanova: Financial Research Institute, Moscow, Russian Federation

Finansovyj žhurnal — Financial Journal, 2025, issue 6, 130-140

Abstract: The development and implementation of the state integrated information system encompassing a wide range of participants of the precious metals and stones market, as well as the bodies that regulate it, makes the topic of digital transformation in this research area relevant and widely discussed in the professional community. The article provides an expert assessment of the mechanism of implementation of the state integrated information system in the sphere of control over the turnover of precious stones, precious metals, and precious metal products. The necessity of further improvement of the information system for tracking the circulation of precious products due to the constant change of external and internal factors and the emergence of new problems is shown. The typology of goals, objectives and results outlined in this paper makes it possible to determine the directions of improving the mechanism that ensures transparency, legality of transactions, combating money laundering and terrorism financing, protection of consumer rights, increasing the competitiveness and economic sustainability of enterprises operating in the sector.

Keywords: precious metals; precious stones; information system; labeling; digitalization of turnover (search for similar items in EconPapers)
JEL-codes: L51 M15 O38 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:fru:finjrn:250608:p:130-140

DOI: 10.31107/2075-1990-2025-6-130-140

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