This is contrary to current rules, which stipulate that gold jewelry must be hallmarked with puritary categories of 14KT, 18KT, 20KT, 22KT, 23KT and 24KT. Thus, if a customer purchases a 16KT gold jewel or artifact, the jeweler must first have it hallmarked by a BIS punching center in accordance with the new gold punching rule. On April 4, 2022, the Government of India issued the Gold Jewellery and Gold Artifacts Marking Ordinance (Amendment) Ordinance, 2022. With this order, the government said that from June 1, 2022, all registered jewelers in 288 districts of India will only be allowed to sell hallmarked gold jewelry. The new hallmarking rules apply to all types of gold jewelry over 2 grams, regardless of purity. All detailed information on hallmarking can be found on the BRI website www.bis.gov.in in the hallmarking section. The information includes procedures and guidelines for jewellers and hallmarking centres, all forms and list of registered jewellers and hallmarking centres, etc. Gold hallmarking rule change: The new month should start soon, and since June is due to start in a few days, there will be some rule changes regarding financial matters. From June 1 this year, that is, from Wednesday, the rules of hallmarking in the country must change. According to a statement from the center, from June 1, 2022, jewelers will only be allowed to sell hallmarking gold jewelry in India, regardless of its purity. This was announced by the Bureau of Indian Standards (BIS) in a statement in early April this year. According to the press release, the current legislation has led to several problems, including an increase in the time required to label the product. The mandatory hallmarking of gold is a big step by the government.
It will serve various purposes, such as setting standards of gold purity and fineness, protecting the public from gold adulteration, and taking an important step towards India`s development as the world`s leading gold market. You can check out the detailed government ordinance for hallmarks on the website of the Bureau of Indian Standards (BIS) in Bangalore: Jewellers from about 350 associations across India will carry out a “symbolic strike” on Monday against the “arbitrarily implemented” hallmarking process of the Bureau of Indian Standards (BIS). Gold jewelry and artifacts, regardless of purity, will now have a trademark. (Image: Shutterstock) Jewellers must apply on the BIS portal (www.manakonline.in) to obtain the registration certificate for the sale of hallmarked gold jewellery. Pramod Kumar Tiwari, director general of the BRI, on Saturday tried to allay those concerns by calling HUID-based punching a “win-win” for all parties, saying it would create transparency in the industry while protecting consumer interests. The new adjustment to the gold hallmarking rules increases customers` confidence in the gold jewelry or artifacts they purchase by ensuring that the gold item is of the same purity as indicated in the hallmark. The new BIS rule changed the list of districts where hallmarking would be required from June 1. No, the order is only valid for gold jewelry and artifacts. Gold bars/coins with a fineness of 999/995 can be hallmarked by the BIS approved refinery/coins (39 approved refineries are currently in operation as of January 1, 2021).
The list of refineries/coins approved by the BIS is available on the BIS website www.bis.gov.in under the Punching tab. If you have bought gold or silver jewelry in the past, did you have any doubts about its purity and finesse? Many others have the same doubts. But no more, because the government has made it mandatory to mark gold and silver jewelry. In this article, we will discuss all the details. To facilitate the establishment of Examination and Hallmarking Centres (AHCs), the government has included the list of 288 districts in their order. The government has also set out the fees that AHC jewellers can charge. “The second phase of mandatory hallmarking will include three additional carats of gold jewellery/artifacts, namely 20, 23 and 24 carats, as mentioned in Indian Standard IS 1417, and 32 new districts under the mandatory hallmarking regime, where an HAC has been established as a result of the implementation of the first phase of the mandatory hallmarking regulation.” The government-regulated Bureau of Indian Standard (BIS) has defined hallmarks as “the accurate determination and official recording of the proportional content of precious metals in articles of precious metals.” The Bureau of Indian Standards (BIS), India`s national standards body, operates the hallmarking system for gold and silver jewellery through its network of regional offices/branches across the country. Regular monitoring of analysis and punching centres and testing of random market samples of registered jewellers. Hallmarked gold jewelry has five marks: BIS mark, carat purity, test center name, jeweler identification mark, and hallmark year. The central government has made it mandatory for jewellers to sell only hallmarked jewellery. The hallmarking requirement for gold jewellery will come into effect on June 16, 2021.
In addition, jewelers record the composition of a product, that is, they enter the silver and gold content of a product. “It`s not the process where they actually look at the purity of the items, it`s just an administrative process. It takes about 4-5 days, which slowed down the punching process,” Jain added. The authenticity and purity of gold jewelry hallmarked with the HUID number purchased by the consumer can also be verified with “VERIFY HUID” in the BIS CARE app, which can be downloaded from the Play Store. “In the past, they (punching centers) would also take a piece of jewelry and rub, cut, melt the metal to determine its purity. In the new Unique Hallmarking Identifier (HUID), this process remains the same, but the jeweler must enter the weight and details of each item into the portal and then send it to the punching center. it`s a long process,” Dinesh Jain, a member of the national working group on punching and director of the Gem & Jewellery Skill Council of India, told ThePrint. “In the Gold Jewellery and Gold Artifacts Ordinance 2020 (hereinafter referred to as the said Ordinance), in clause 1A, the words and numbers” and 14, 18 and 22 carats of gold jewellery and gold artifacts” are omitted,” the BIS said in its statement. This means that in addition to the six purity categories, jewelers must have their gold jewelry hallmarked regardless of its purity. Starting at 1. June also gold jewelry of 19KT or 22KT must be hallmarked before the sale. The protesting jewellers have no problem with the mandatory labelling of products as such, but are dissatisfied with the process, which they consider long and complicated.
The new month is fast approaching, and as June begins in a few days, there will be some changes to the Financial Regulation. The standards for hallmarking gold in the country are expected to change on June 1, 2022, i.e. Wednesday. According to a statement from the center, from June 1, 2022, jewelers in India will only be allowed to sell hallmarked gold jewelry, regardless of its purity. This was announced by the responsible body, the Bureau of Indian Standards (BIS), in an announcement made in early April this year. “Stamping jewelry/artifacts is necessary to increase gold jewelry credibility and customer satisfaction through third-party assurances of gold`s distinct purity/fineness and consumer protection,” the Ministry of Consumption, Food and Public Distribution said in a press release. Errors during the punching process can cause the same product to receive two IDs or assign an ID to multiple products. The fact that there are a limited number of punching centers is another problem. This comes after the Bureau of Indian Standards (BIS) stated in its notice of April 4, 2022: “In the Gold Jewellery and Gold Artifacts Hallmarking Ordinance 2020 (hereinafter referred to as the said Regulation), in clause 1A, the words and numbers `and 14, 18 and 22 carats of gold jewellery and gold artifacts` are omitted.” This means that jewelers of 1. June only jewelry and artifacts made of hallmarked gold (more than 2 grams) are allowed for sale, regardless of their purity. A hallmarking fee for gold articles payable by jewellers to approved analysis and hallmarking centres is Rs 45 per item; and the minimum fee for a delivery is Rs.
200/- From June 1, 2022, all jewelers in India will only be able to sell hallmarked gold jewelry regardless of purity.