2019 US Virgin Islands Code
Title 27 - Professions and Occupations
Chapter 9 - Licensing of Businesses and Occupations
Subchapter II - Traders in Gold, Silver and Other Valuable Items
§ 309. Definitions

(a) As used in this subchapter, the term “trader” shall mean any person, corporation, partnership or other business entity in the Virgin Islands which acquires from a consumer through purchase, in exchange for money, trade, barter or other valuable consideration, precious metals, precious stones or watches, except that those established merchants in fixed locations are excluded when the purchase of precious metals or stones or watches is made directly or indirectly from manufacturers or wholesalers.

(b) The term “consumer” shall mean any person who sells or tries to sell a precious metal, stone or watch to a trader.

(c) The term “precious metal” shall mean gold, silver, platinum, silverware, silver-plated items, sterling silver, and coins, in whatever degree, carat or purity of said metals or in whatever article common or commercially known as jewelry.

(d) The term “precious stone” shall mean any gem, including, but not limited to, diamonds, emeralds, rubies, sapphires or any semi-precious stone including, but not limited to, amethyst, opal, topaz, turquoise, pearls, or similar items.