Business
Hallmarking of gold jewellery now mandatory
NEW DELHI: The government on Wednesday rolled out mandatory hallmarking of gold jewellery to ensure that consumers get assured quality.
The beginning of mandatory hallmarking was made in 256 districts. For the time being, small jewellers with annual turnover of under Rs 40 lakh have been exempted from the requirement. Currently, only 30% of gold jewellery in India is hallmarked.
The scheme is being implemented by the Bureau of Indian Standards (BIS) to ensure that consumers do not face quality issues. The districts covered in the first phase will have BIS-recognised assaying and hallmarking centres for gold jewellery and artefacts that will certify if a product is 14, 18 or 22 carats. Carat measures the purity of gold.
The beginning of mandatory hallmarking was made in 256 districts. For the time being, small jewellers with annual turnover of under Rs 40 lakh have been exempted from the requirement. Currently, only 30% of gold jewellery in India is hallmarked.
The scheme is being implemented by the Bureau of Indian Standards (BIS) to ensure that consumers do not face quality issues. The districts covered in the first phase will have BIS-recognised assaying and hallmarking centres for gold jewellery and artefacts that will certify if a product is 14, 18 or 22 carats. Carat measures the purity of gold.
