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Digital Transformation of Precious Metals and Stones Turnover

Author

Listed:
  • Olga V. Umgaeva

    (Financial Research Institute, Moscow, Russian Federation)

  • Ludmila N. Ivanova

    (Financial Research Institute, Moscow, Russian Federation)

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.

Suggested Citation

  • Olga V. Umgaeva & Ludmila N. Ivanova, 2025. "Digital Transformation of Precious Metals and Stones Turnover," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 6, pages 130-140, December.
    • Handle: RePEc:fru:finjrn:250608:p:130-140
    DOI: 10.31107/2075-1990-2025-6-130-140
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    Keywords

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    JEL classification:

    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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