From today i.e. 15th June 2021, jewelers will be able to sell only hallmarked gold jewellery, may be fined for not following the rules

Hallmarking of gold jewellery has become mandatory from 15th June 2021 i.e. today. The government had made hallmarking mandatory for gold jewellery and designs in November 2019. For this, all the jewelers in the country were given more than one year to shift to hallmarking and get registered with the Bureau of Indian Standards (BIS). Later, the jewelers demanded an extension of this deadline. In view of this, the deadline was changed to 15 January, 1 June and later on 15 June. In such a situation, there are questions in the minds of many people that what will happen to the old gold kept across them. Today we are telling you about hallmarking and things related to it.

What is Hallmark?

Hallmark is a government guarantee. The Bureau of Indian Standards (BIS) is the only agency in India to hallmark. In hallmarking, a product is certified on certain parameters. BIS is the body which examines the gold being provided to the customers. It is necessary to put the BIS logo with the hallmark on the gold coin or jewelry. This shows that its purity has been tested in a BIS licensed lab.

Even after June 15, 2021, gold without hallmarking can be exchanged. Apart from this, if you want, you can get your gold hallmarked through your jeweler. BIS gives this license to jewelers by charging a license fee of Rs 11,250 for 5 years. The jewelers then get the jewelery checked at the hallmark center and issue the hallmark according to the carat.

Common man cannot get hallmarked on old jewelery by going to the center directly. They have to come through the respective jeweler only. However, he can get the purity of gold checked at the center by paying a minimum amount.

Jewellery more than 2 grams will have to be checked from a BIS recognized center and get BIS mark of the concerned carat on it. The jewellery will have a triangular mark of BIS, logo of the hallmarking centre, purity of gold. Also, when the jewellery was made, its year and the jeweler's logo will also be there.

Hallmarking will be done only on 14, 18 and 22 carat jewellery.

14 karat gold jewellery - contains 58.50% gold.

18 carat gold jewellery- it contains 75% gold.

22 carat gold jewellery- it contains 91.60% gold.

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Dr. Deepak Miglani, Email id.:- legalbuddy@gmail.com

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