Hallmarking of Gold Jewellery
Source : PIB
GS III : Government policies and interventions for development in various sectors and issues arising out of their design and implementation
Why in News ?
The government on Monday extended its deadline for mandatory hallmarking of gold jewellery to June 15 from its previous deadline of June 1.
Key Facts
- A committee was formed to ensure proper coordination and resolve the implementation issues.
- Quality control order for mandatory hallmarking of Gold Jewellery/artefacts were issued by the Government on 15th Jan 2020.
- There has been 25% increase in A&H centers in the last five years.
- Assaying and Hallmarking Centres qualified to act as Collection and Purity Testing Centre (CPTC) for handling gold.
What is Hallmarking scheme ?
- Gold hallmarking is a purity certification of the precious metal and is voluntary in nature at present.
- The Hallmarking of jewellery/artefacts is required to enhance the credibility of gold Jewellry and Customer satisfaction.
- 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 w.e.f. 14.06.2018.
- 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.
- According to World Gold Council,India has around 4 lakh jewellers, out of this only 35879 have been BIS certified.
- This step will also help to develop India as a leading gold market center in the World.
How purity is checked ?
- There are three procedure to understand the fineness of a Gold Jewellery
- Touch Stone method
- X- Ray fluorescence or laser testing
- Fire Assay or Cupellation method
- There are Hallmarking & assaying centres all major cities of India to check the purity.
Bureau of Indian Standards
- BIS is the National Standard Body of India established under the BIS Act 2016
- Established for the harmonious development of the activities of standardization, marking and quality certification of goods
- It benefits to the national economy in a number of ways
- Providing safe reliable quality goods
- Minimizing health hazards to consumers
- Promoting exports and imports substitute
- Control over proliferation of varieties etc. through standardization, certification and testing.
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