Nov 8, 2017

Gold Jewellery Hallmark To be Mandatory from 1st January 2018

Gold Jewellery Hallmark To be Mandatory
Gold Jewellery Hallmark To be Mandatory for all gold Jewellery sold in the country from 1st Jan 2018.Central government is planning make the hallmarking regulations compulsory for all gold Jewellery sold in the country from 1st Jan 2018. Hallmarking regulations will be under the Bureau of Indian Standards (BIS) Act 2016 by the Department of Consumer Affairs.

At present buyers of gold don’t know the actual quality / purity of their Jewellery. For that reason, the government will ensure the selling of gold only in categories of 14, 18 and 22 carat after the revision of the standards across the country. Government has informed that most Indian households understand purity of gold in terms of carat.

Hallmark Gold Jewellery Rate
In addition, gold jewellery bears not just the Hallmarking value (such as 916 or 958) but also the value of carat present in gold. As a result, BIS officials are going to place hallmarking regulations in market by January. In the beginning, the hallmarking regulation will be placed in smooth way all over the Indian market, as per the official notification.
The execution department of the scheme is also contacting with the manufacturing companies to ensure strict adherence of the revision of the standards laid down. The hallmarking regulations will absolutely ensure the safety of dwellings.

Gold Jewellery Hallmarking
Department of Consumer Affairs will present BIS to contact with certified private agencies to check whether manufacturing of gold Jewellery are conforming to standards prescribed in their areas where the standards body’s staff is inadequate.

Under the proposed instruction, hallmark will also mention the carat of gold used the Jewellery. The government will ensure hallmarking along with carat count necessary for the ornament sold across the nation.

BIS is the nodal organization of Govt of India to operate the hallmarking scheme. This hallmarking scheme has been changed with international criteria on hallmarking. Norms of hallmarking scheme operates on the basis of trust.

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