The sale of hallmarked gold jewellery or gold artifacts without a 6-digit alphanumeric Hallmark Unique Identification Number (HUID) is prohibited by the Bureau of India Standards (BIS) after March 31, 2023.
Highlights
Gold hallmarking is a purity certification.
Here is what Mandatory gold hallmarking means for you.
New Delhi: In view of COVID-19, the government has accepted the request of stakeholders to give jewellers some more time to get prepared for implementation and resolve issues. Hallmarking of Gold Jewellery is now set to begin from June 16, 2021 which was earlier expected to be implemented from June 1.
In an exclusive interview with
Reema Sharma of
Sudheesh Nambiath, Head,
India Gold Policy Centre, IIM- Ahmedabad, discusses a few pertinent questions associated with the government s order on mandatory hallmarking of Gold Jewellery from next week. Excerpts from the interview.
The Hallmarking of jewellery/artefacts is required to enhance the credibility of gold Jewellry and Customer satisfaction through third party assurance for the marked purity/fineness of gold , consumer protection. This step will also help to develop India as a leading gold market center in the World.