1. Any person who wishes to sell his/her old (second hand) jewellery must call on the business premises of a jeweller and bring the following documents, together with his/her jewellery:

• Proof of identity (NIC/Passport/Driving Licence/Bus Pass)
• Proof of address (Utility bills e.g. CEB, CWA, Telecom; Bank statement) of not more than 3 months

2. The person has to fill in 2 originals of a declaration of ownership form, obtained from the jeweller, wherein he/she declares that the jewellery belongs to him/her and he/she has obtained it through lawful means.

3. The jeweller will:

• make 2 copies of the proof of identity and the proof of address;
• take 2 pictures of each jewellery being sold to him, and authenticate the pictures.

4. The jeweller shall then attach the copies of proofs of identity and address and pictures of jewellery, to both of the ownership declaration forms.

5. The person has to call at the Assay Office or a Police Station in his/her locality together with the documents, for certifying his/her name and address.

6.  For certifying his/her name and address, the person has to pay a prescribed fee based on the mass of the jewellery:

•   Rs 100 for jewellery of mass less or equal to 5 g; and
•   Rs 300 for jewellery of mass greater than 5 g.

7. After certifying the name and address, one copy of the documents will be retained at the Assay Office/Police Station and the person then returns to the jeweller with the other set of documents to proceed with the transaction to sell his/her old jewellery.

8. The jeweller will collect the documents and issue a receipt to the person.

9. The person is guaranteed to obtain a minimum of 70% of the price of gold based on the gold content in his/her jewellery.

10. Where the total purchasing price of the jewellery exceeds Rs10,000, the jeweller shall pay the person by means of a crossed cheque.

11. The jeweller shall hold the second hand jewellery for a period of 20 days.