The mandatory hallmarking of gold jewellery came into effect on Wednesday, June 16, 2021. The initial deadline for the same was January 15, 2021 but it was postponed due to Covid-19.
The mandatory hallmarking order is applicable for jewellers selling to consumers but the end-consumer may sell their ornaments to the jeweller without a hallmark. The jeweller may melt the jewellery and make new jewellery of the grade 14, 18 or 22 carats only as specified in Indian Standard IS 1417:2016 and shall get it hallmarked before reselling it.
Under Hallmarking scheme of the 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 14, 2018.
Hallmarking will enable consumers, jewellery buyers to make the 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 jewellery 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.
Hallmarking certification is done by hallmarking centres (AHCs) accredited by the Bureau of Indian Standards (BIS). A jeweller is required to get a licence from BIS before getting their jewellery hallmarked at BIS-accredited AHCs.
It is to be noted that there has been 25% increase in AHCs in the last five years. The number of AHCs have increased from 454 to 945 in the last five years. At present 940 AHCs are operative out of this 84 AHCs have been setup under govenment subsidy scheme in various districts.
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