Gold hallmarking

The government on Tuesday announced the phased implementation of mandatory hallmarking of gold jewellery with effect from June 16. In the first phase, gold hallmarking will be available in only in 256 districts and jewellers having annual turnover above Rs 40 lakh will come under its purview. Which are these districts and how to check the hallmarked jewellery? What is hallmarking of gold? The Bureau of Indian Standard (BIS), which operates gold and silver hallmarking scheme in India, defines hallmarking as the “accurate determination and official recording of the proportionate content of precious metal in precious metal articles.” So, it is a “guarantee of purity or fineness” of precious metal articles. Which metals are covered hallmarking in India? The government, through a notification issued on June 14, 2018, notified two categories—gold jewellery and gold artefacts; and silver jewellery and silver artefacts—under the purview of hallmarking. So, hallmarking in India is available for jewellery of only two metals—gold and silver. However, a certain category of jewellery and items will be exempted from the mandatory requirement of hallmarking. According to the Department of Consumer Affairs, “Export and re-import of jewellery as per Trade Policy of Government of India — Jewellery for international exhibitions, jewellery for government-approved B2B domestic exhibitions will be exempted from mandatory Hallmarking.” The Ministry of Consumer Affairs, Food and Public Distribution said that watches, fountain pens and special types of jewellery such as Kundan, Polki and Jadau will be exempted from hallmarking. Why hallmarking has been made mandatory only in 256 districts? The ministry said that “based on extensive consultations with stakeholders,” it has been decided that hallmarking will be initially be starting with 256 districts of the country which have assaying marking centres. However, the ministry has given no date from which the next phase of the mandatory hallmarking will begin in the remaining districts. source: Indian Express

Gold hallmarking


Gold hallmarking

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