Is gold hallmark mandatory in India?

Hallmarking has become mandatory for gold jewellery from June 16, 2021, and new symbols for hallmarked gold jewellery have been introduced. However, as per the Bureau of Indian Standards (BIS), certain types of gold jewellery are exempted from mandatory hallmarking orders.

Is hallmark compulsory for gold?

Nodal agency Bureau of Indian Standards (BIS) has successfully implemented the mandatory gold hallmarking in 256 districts of the country with effect from 23 June 2021, wherein more than 3 lakh gold articles are being hallmarked with Hallmark Unique Identification (HUID) every day, it added.

Is hallmarking mandatory in India?

Hallmarking, a quality certification, has been made mandatory with effect from June 23, 2021 for 14, 18, and 22 carat gold jewellery and artifacts in 256 districts of the country, where there is at least one Assaying and Hallmarking Centre (AHC).

Can gold be sold without hallmark?

Old jewellery bought by the consumers without any hallmarking previously, can be sold to the jeweller without any hallmark. Further, they have an option to get it hallmarked as it is or after melting and making new jewellery.

What if my gold is not hallmarked?

Even if the gold jewellery does not have a hallmark, jewellers can continue to buy it back from customers. If the jeweller thinks it's feasible, old jewellery can be hallmarked as is.

Hallmarking of gold jewellery now mandatory: What this means for you

Is it illegal to sell jewellery without a hallmark?

It is against the law in the course of a trade or business to sell or describe precious metal articles in the UK that are un-hallmarked and above the weight exemptions.

What is new rule for gold in India?

The union government came up with new rules that have obliged the jewellery sellers to sell gold with hallmark. But for now, jewellers can continue to buy old gold jewellery back even without a hallmark from the consumers. The 20, 23 and 24 carat gold will also be hallmarked.

Can I hallmark my own jewellery?

can i hallmark my jewellery myself? No. Some people opt to stamp their jewellery with a stamp e.g. 925 for silver, for themselves but this is not a legal hallmark and is not sufficient for items over the weights above. The process of hallmarking is about having an independent verified check of your work.

Why is hallmark important?

Hallmark on gold jewellery lends credibility to the purity of gold. It tells you the percentage of purity, among other things. The percentage of purity is important as the price that you pay hinges on it. Also, hallmarked jewellery is much easier to sell since the buyer is assured of the quality.

Should all gold jewellery be hallmarked?

All items being sold as gold, silver, platinum or palladium in the UK must be hallmarked to confirm that they meet the legal standard.

Is hallmarking a legal requirement?

It is not possible to detect by sight or by touch the gold, silver, platinum or palladium content of an item. It is therefore a legal requirement to hallmark all articles consisting of silver, palladium, gold or platinum (subject to certain exemptions) if they are to be described as such.

Is HUID compulsory?

According to the Department of Consumer Affairs website, hallmark consists of 3 symbols which give you some information. In this, the first symbol is the BIS logo, the second symbol indicates purity and fineness and the third sym​bol is the HUID. Gold hallmarking was made mandatory by the government last year.

What is the new gold rule?

As per the new rules, if jewellery or an artifact made of 14, 18, or 22-carat gold is sold without the BIS hallmark, the jeweller could be penalised five times the cost of the object or imprisoned for up to one year.

What is difference between 916 and hallmark gold?

Note: Gold is categorised on the basis of its purity such as 24K, 23K, and 18K, etc. If it's hallmarked, BIS will be added as a prefix. For e.g-22K gold will be referred to as 'BIS 916' gold, 23K gold is referred to as BIS 958 and so on. The number i.e. 916 or 958 is part of the hallmark seal.

Which gold is best hallmark or KDM?

KDM gold on the other hand provides no guarantee on the purity and fineness of gold jewellery as it's not certified. It's quite simple to say that hallmarked BIS 916 gold would be the better choice when the purity is of greatest concern.

Is all jewellery hallmarked?

Do all items of jewellery need to be hallmarked? It is a legal requirement to hallmark items containing precious metals if they are advertised as such.

How much does it cost to hallmark gold?

Regardless of the weight of the jewellery, the hallmarking prices are Rs. 35/- +GST per piece for gold jewellery and Rs. 25/- +GST per piece for silver jewellery.

Why is my gold ring not hallmarked?

There can be many reasons why gold jewelry might not be stamped. It could be an old piece that was never stamped. Or, its stamp could have worn off. Of course, there is also the possibility that the item is not actually gold.

Who put hallmark on gold?

The hallmarking of gold jewellery is made mandatory by the government. The hallmarked jewellery must have a Bureau of Indian Standard (BIS) mark. To ensure purity in karat and fineness, you must look for the Caratage (22K915).

Who can hallmark gold?

There are about 916 AHCs present across India, licensed under the Bureau of Indian Standards (BIS) that support a network of nearly 30,000 jewellers. Any BIS certified jeweller or seller has the right to register itself with any of the BIS recognized assaying and hallmarking centres to get its jewellery marked.

Is hallmark registration mandatory?

Hallmark licence is mandatory for traders with or without GST registration.

Is BIS Hallmark mandatory?

A) As per Hallmarking of Gold Jewellery and Gold Artefacts (Second Amendment) Order, 2021, dated 23rd June, 2021 , hallmarking has been made mandatory only in 256 districts and to 14, 18 and 22 caratages of gold jewellery and gold artefacts.” Therefore, Hallmarking of gold jewellery/artefacts of grades 20, 23 and 24 ...

What is the rule of hallmark gold?

According to the new hallmarking rules, that came into effect in June, jewellers are only allowed to sell gold items of 14,18 and 22 carats and are required to hallmark their products. In case they don't, they face a penalty — pay five times the cost of the product sold or face up to a year of imprisonment.

Can hallmark be faked?

Not really. You need to be wary of fake hallmarking. “Absolute integrity of the hallmarking process and mass consumer awareness underpin the success of mandatory hallmarking.