P.R. Laws tit. 10, § 2201
(a) Buyer.—Shall mean any person regularly engaged in carrying out business transactions, his employee or agent, who acquires precious metals or stones from a salesman by purchase; Provided, That those businessmen established in fixed places are excluded, when the purchase of the precious metal or precious stone is made directly from manufacturers or wholesalers.
(b) Salesman.—Shall mean any person who sells or attempts to sell any precious metal or stone to a buyer.
(c) Precious metal.—Shall mean gold, silver, platinum, sterling silver, rhodium and palladium in any grade of purity of said metals, or any article commonly or commercially known as jewelry.
(d) Precious stone.—Shall mean any gem such as diamond, emerald, ruby or sapphire, or any semiprecious stone including, but not limited to the amethyst, agate, spinel, jasper, onyx, opal, topaz, turquoise, pearl or others.
(e) Person.—Shall mean any juridical or natural person.
History —Sept. 21, 1983, No. 18, p. 401, § 1, eff. 60 days after Sept. 21, 1983.