Compulsory hallmarking method of gold jewellery and artefacts will begin today, Ministry of Consumer Affairs said in a press statement. The mandatory hallmarking of gold jewellery has to be accomplished by January 15, 2021.
Addressing the media Union Minister of Consumer Affairs, Food and Public Distribution Ramvilas Paswan said, “the goal of making hallmarking mandatory for Gold Jewellery and Artefacts is to assure that buyers are not stuck while buying gold adornments and get the purity as listed on the decorations, they are better informed about the pureness of gold which will now be in only 3 cartage that is 14, 18 and 22 and corruption is removed.”
The important steps…
- The compulsory hallmarking of gold jewellery will protect consumers against lower cartage.
- The mandatory hallmarking will also guarantee that consumers don’t get stuck while buying gold ornaments and get the same purity and carat as marked on the ornament.
If jewellery or artefacts made of 14, 18 and 22-carat gold are traded without a BIS hallmark, then the jeweller could attract fine and jailing of one year, PTI quoted Ram Vilas Paswan as stating.
Hallmark on gold jewellery now has four marks: BIS mark, purity in carat, assay centre’s name and jewellers’ classification mark.
Currently, the Bureau of Indian Standards (BIS) is operating a hallmarking system for gold jewellery since April 2000. As on December 31, 2019, there were 892 Assaying and Hallmarking centres reached in 234 district locations across the country, Ministry of Consumer Affairs said in a press statement.