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Hallmarking of jewellery

  Sep 04, 2021

Hallmarking of jewellery

Q  Why is it in News ? 

A Hallmarking scheme is turning out to be a grand success with more than 1 crore pieces of Jewelry hallmarked in a quick time” with more than 90000 Jewelers registered in a same time period.

Q  What is Hallmark Gold?

A

  1. The process of certifying the purity and fineness of gold is called hallmarking.
  2. Bureau of Indian Standards, the National Standards Body of India, is responsible for hallmarking gold as well as silver jewellery under the BIS Act.
  3. If you see the BIS hallmark on the gold jewellery/gold coin, it means it conforms to a set of standards laid by the BIS. Hallmarking gives consumers assurance regarding the purity of the gold they bought.
  4. That is, if you are buying hallmarked 18K gold jewellery, it will actually mean that 18/24 parts are gold and the rest is alloy.
  5. At present, only 30% of Indian Gold Jewellery is hallmarked.

Here are the four components one must look at the time of buying gold (they are mentioned in the laser engraving of a hallmark seal):

  1. BIS Hallmark: Indicates that its purity is verified in one of its licensed laboratories
  2. Purity in carat and fineness (corresponding to given caratage KT)

Q What is HUID?

Q  What are the new hallmarking rules?

Q What are issues with HUID ?