Gold purity check alert! What hallmarking tells about jewellery quality - Know what is Bureau of Indian Standards Act 2016
Gold Purity: Recently, Union Consumer Affairs Minister Ram Vilas Paswan announced that hallmarking of gold jewellery and artefacts will be mandatory from January 15, 2020.
Gold Buying Purity: Recently, Union Consumer Affairs Minister Ram Vilas Paswan announced that hallmarking of gold jewellery and artefacts will be mandatory from January 15, 2020. Addressing the media, Paswan said that hallmarking of gold jewellery and artefacts is being made mandatory in India for which a notification will be issued by the Department of Consumer Affairs and a period of one year will be given for implementation to ensure that new assaying and hallmarking centres will be set up by private entrepreneurs at locations where demand of gold jewellery and artefacts arises.
Hallmarking of gold jewellery: Registration
Jewellers will also get a year's time for completion of their registration process and retailers also would have a year to clear their existing stocks.
Benefit in villages, small towns for poor people
The minister said that hallmarking will benefit the poor people in villages and small towns who are not able to make out the purity of gold they have been buying.
Bureau of Indian Standards Act 2016: How to check purity - Just check Hallmarking
- The Bureau of Indian Standards Act 2016 has enabling provisions under Section 14 and Section 16 for making hallmarking of gold jewellery and artefacts mandatory by the Central government.
- This will make it compulsory for all the jewellers selling gold jewellery and artefacts to register with the BIS and sell only hallmarked gold jewellery and artefacts, an official statement said.
- The BIS Act 2016 has been implemented with effect from October 12, 2017 and BIS Hallmarking Regulations 2018 notified with effect from June 14, 2018.
- BIS has been running a hallmarking scheme for gold jewellery since April 2000.
- As on October 31, 2019, there were 877 assaying and hallmarking centres spread in 234 district locations across the country and so far 26,019 jewellers have taken BIS registration, as per the statement.
The World Gold Council (WGC) welcomed the move and said that it would benefit both the consumers and traders alike.