As the Deputy is aware, my Department undertook a consultation process on this issue seeking the views of interested parties. A total of 6 submissions were received and on the basis of these submissions and having regard to the policy options set out in the consultation document I will introduce a proportionate legislative response. This may include, inter alia, a system of registration, regulatory provisions regarding the purchase of precious metals and stones, powers for An Garda Síochána and penalties for non-compliance.
My Department is engaging with An Garda Síochána at present to obtain their views on how best to implement this recommended course of action. This will be followed by a process of consultation with An Garda Síochána and other relevant Departments/Agencies as appropriate. The Deputy and other interested parties will be afforded the opportunity to contribute to the process in advance of the publication of legislation.