Hallmarking of Gold Jewellery
25/05/2021

Tags:

Context:

  • Hallmarking of Gold Jewellery is set to begin from 15thJune 2021.In view of Covid, Government accepted the request of stakeholders to give jewellers some more time to get prepared for implementation and resolve issues. Earlier it was expected to be implemented from 1stJune 2021.

About:

  • A committee was formed under Pramod Tewari DG (BIS)to ensure proper coordination and resolve the implementation issues.
  • Under Hallmarking scheme of Bureau of Indian Standards, Jewellers are registered for selling hallmarked jewellery and recognise testing and Hallmarking centres. BIS (Hallmarking) Regulations were implemented with effect from June 2018.
  • Earlier, Quality control order for mandatory hallmarking of Gold Jewellery/artefacts were issued by the Government in Jan 2020, but the last date was extended to June 2021 to clear old stock of non-hallmarked jewellery.

Significance:

  • Hallmarking will enable Consumers/Jewellery buyers to make a right choice and save them from any unnecessary confusion while buying gold. At present, only 30% of Indian Gold Jewellery is hallmarked. 
  • The Hallmarking of jewellery/artefacts is required to enhance the credibility of gold Jewellry and Customer satisfaction through third party assurance for the marked purity/fineness of gold, consumer protection.
  • This step will also help to develop India as a leading gold market center in the World.
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