30% of Indian gold jewellery hallmarked: Implementation of Hallmarking extended till June 15

As a shopper of gold, one will probably be assured of the authenticity of the jewelry, whether it is hallmarked.

Patrons of gold jewelry of confirmed high quality and purity should wait a little bit longer. The date of implementation of Hallmarking of Gold Jewelry has been prolonged to June 15, 2021. Earlier it was anticipated to be carried out from June 1, 2021, as the federal government had set the date to make the promoting of hallmarked gold obligatory.

Hallmarking will allow jewelry patrons to make the best selection and save them from any pointless confusion whereas shopping for gold. At current, solely 30% of Indian Gold Jewelry is hallmarked.

As a shopper of gold, one will probably be assured of the authenticity of the jewelry, whether it is hallmarked. So, if you’re shopping for 18-carat gold which is hallmarked, it should truly imply that 18/24 components are gold and the remaining is alloy. It is necessary that as a buyer you purchase Hallmark licensed Gold solely.

Beneath Hallmarking scheme of Bureau of Indian Requirements, Jewellers are registered for promoting hallmarked jewelry and recognised testing and Hallmarking centres. In keeping with World Gold Council, India has round 4 lakh jewellers, out of this solely 35879 have been BIS licensed.

The Hallmarking of jewelry or artefacts is required to boost the credibility of gold Jewellry and Buyer satisfaction via third celebration assurance for the marked purity/fineness of gold, shopper safety.

BIS Hallmark will probably be for 3 classes – 14 carat (14K585), 18(18K750) carat and 22 (22K916) carat with A&H centre’s identification mark/quantity and jewellers identification mark/quantity.

To establish hallmarked gold, one wants to take a look at least for these 4 hallmark indicators or symbols:

1. BIS Mark

2. Purity in carat and Fineness (anyone)

a) 22K916 – Equal to 22 Carat
b) 18K750 – Equal to 18 Carat
c) 14K585 – Equal to 14 Carat

3. Identification Mark or Variety of the Hallmarking Centre’s

4. Identification Mark or variety of the Jeweller’s

Bureau of Indian Requirements (BIS) is authorised to hold out the hallmarking of gold jewelry and any jewelry can apply for license and the registration quantity earlier than getting their jewelry hallmarked from them.