gold jewellery hallmarking in india - purity of gold in india

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Gold Hallmarking in India - Facts About Gold Purity in Gold Jewellery

by

Rajesh Goyal

One of the most sought after item by Indians is gold. Since ancient time Gold is considered as a store house of value in

India. Be it urban India or rural India, rich or poor I ndia, each one tries to buy gold at the first available

opportunity. Ladies always eye for this yellow metal. In an estimate India consumers over 500 tonnes of gold everyyear and 80% of this is used in jewellery manufacture. Rural India accounts for nearly 70% of Indian gold

consumption. In India majority of jewellery is still manufactured in traditional method i.e. by hand using a mouth

blowpipe with an oil or candle flame for soldering and melting and alloyed using charcoal furnaces. However, in

recent times big brands like Tanshiq have also entered in the gold jewellery market in a big way in urban India.

However, the purity of gold has always been of great concern for households in India. We are all well aware that

large scale sales of gold are prevalent in India which is far from pure gold. All over India crores of people are being

cheated by jewellers. Only good point is that in recent times, an awareness has been created and jewellers in big

cities with brand names now at least do not cheat in large scale. They can inflate prices on one pretext or other, but

quality of gold content has certainly shown some improvement. However, in smaller towns where there is a tradition

of family jewellers, who frankly speaking really betray the gullible poor customers. In the name that they are ready

to buy back gold any time, they are able to sell gold with lots of impurities.

In India mostly jewellery sold is under purity of 22 carat, whereas internationally the popular jewellery is of 18 or14

carat.

We give below an ad by Government of India, which appeared in September 2012 in major newspapers, and which

everybody must read to know the basic facts about gold and what to check while purchasing gold jewellery.

www.bullionindia.in

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Jewellery Hallmarking in India - Purity of Gold in India http://www.allbankingsolutions.com/Banking-Tutor/Gold/Gold-ha

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The Hallmarking of Gold Jewellery in India

BIS hallmark f or gold jewellery consists of f ive components:

(1) The BIS logo

(2) A three digit number (out of a set of six pre-defined values) indicating the purity of the gold in part-per-thousand-format viz; 958, 916, 875, 750, 585,

375. Thus a BIS 916 hallmark would cert ify to a purity of 916 per 1000, that is 91.6%, translating to a 22 carat purit y of gold.

Purity grade


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958 Corresponding to 23 Carat



750Corresponding to 18 Carat



(3) Logo of the assaying centre

(4) A code denoting the year of hallmarking e.g.

A is 2000

B 2001

C 2002

D 2003

E 2004F 2005

G 2006

H 2007

J 2008

'K' 2009

'L' 2010

'M' 2011

(5) Logo/code of the jeweller

Government of India' has identified Bureau of Indian Standards (BIS) a sole agency in India to operate the Hallmark

scheme. BIS hallmarking Scheme is voluntary in nature in nature at present and is operating under BIS Act, Rules and

Regulations. It operates on the basis of trust and thus it is desirable that aspect of quality control are in built in the

system responsible for managing quality.

In early J anuary, 2012 the Cabinet had approved the BIS (Amendment) Bil l that aims to expand the ambit of

mandatory hallmarking to include more products, including gold. The Bill has not yet been introduced in Parliament.

However, as per news reports in August 2012 To protect consumers from unscrupulous jewellers, the Comptroller and

Auditor General (CAG) has advised the government to enforce compulsory hallmarking of gold jewellery. Consumers

were exposed to the risk of buying impure gold jewellery due to inadequate coverage of Indian jewellers and

goldsmiths under the BIS's voluntary hallmarking scheme as the hallmarking was not made mandatory, it noted a report.

THIRD PARTY LINKS FOR EVERYTHING YOU MAY LIKE TO KNOW / MORE YOU WANT TO KNOW ABOUT GOLD / GOLD

AND SILVER JEWELLERY HALLMARKING IN INDIA

Hallmarking Of Gold and Silver

HALLMARKING OF GOLD IN INDIA

BIS SCHEME FOR HALLMARKING

BIS CERTIFICATION SCHEME FOR HALLMARKING OF GOLD JEWELLERY

FAQs ON HALLMARKING

LOOK FOR FOLLOWING MARKINGS ON GOLD JEWELLERY / ARTEFACT

Adv ance s agai nst Gold Ornam ent s & Jew ell ery -RBI Circ ular to B anks

FEEDBACK

SCHEME FOR GOLD / SILVER JEWELLERS

SCHEME FOR CERTIFICATION FOR GOLD

SCHEME FOR CERTIFICATION FOR SILVER

CERTIFICATION FEE SCHEDULE

HALLMARKING LICENCE FOR MULTICHAIN OUTLET

CORPORATE LICENCE FOR MULTICHAIN OUTLET

APPLICATION FORM

LIST OF LICENCEES FOR GOLD(Locate Hallmarked Jewellers in your City)

APPLICATION STATUS FOR GOLD

LIST OF LICENCEES FOR SILVER(Locate Hallmarked Jewellers in your City)APPLICATION STATUS FOR SILVER

GOVT. SCHEME FOR SETTING UP OF GOLD ASSAYING & HALLMARKING CENTRES


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Expression of Interest for setting up of Gold Assaying & Hallmarking centresunder the Central Assistance Scheme- Advertisement

Application formTerms and Conditions

SCHEME FOR ASSAYING & HALLMARKING CENTRES

CRITERIA FOR RECOGNITION OF ASSAYING AND HALLMARKING CENTRES ( Assay ing of Gol d & Si lv er)

APPLICATION FORM ( FOR BIS RECOGNITION )

FEE SCHEDULE

LIST OF ASSAYING & HALLMARKING CENTRES (WITH LINK FOR E MAIL)

APPLICATION STATUS

LIST OF MAJOR EQUIPMENTS

OTHER USEFUL LINKS

MINISTRY OF CONSUMER AFFAIRS

HALLMARKING CONVENTION

WORLD GOLD COUNCIL

THE WORLD JEWELLARY CONFEDERATION

LONDON BULLION MARKET ASSOCIATION

THE GEM AND JEWELLERY EXPORT PROMOTION COUNCIL

INTERNATIONAL ORGANIZATION FOR STANDARDIZATION (ISO)

ALL INDIA GEMS & JEWELLERY TRADE FEDERATION

NATIONAL ACCREDIATION BOARD FOR TESTING ANDCALIBRATION LABORATORIES (NABL)

Frequently Asked Questions (FAQs)

You can give your f eedback / comments about this Article. Please give only relevant comments as irrelevant comments are waste of t ime for yourself and

our other r eaders.

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Reply

caesar 3 months ago

thnx for the info , it was really informative;)

0

Reply

chakkala 6 months ago

Your ariicle is very timely and informative. Many jewellers are cheating the customers in the name of hall marking. Recently a jeweller

advertised that his jewellery is BIS hallmarked 917 and is far superior to 916. Poor customer is not that knowledgeable to know that he is being taken

for aride. Recently there was a case in the consumer court. One gentleman bought a gold ring claimed to be hall marked 916. He took it to the gold

testing laboratory who certified that it is only 14 ct. The jeweller refused to accept the certificate inspite of the fact that the ring bears his logo etc. He

filed a suit in the consumer court and the court ordered that the ring should be replaced and a find of Rs.25000/- to be paid by the jeweller to the

customer for causing all the inconvenience to the customer. Cheating the customer is a continuous process and your article is an eye opener.

Thanks. .

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gold jewellery hallmarking in india - purity of gold in india

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