Gold Hallmarking: From today the way of buying gold jewelery will change, because from today the rules of gold hallmarking will be applicable.
New Delhi: Gold Hallmarking: The way of buying gold jewelery will change from today, because from today the rules of gold hallmarking will be applicable. Sometimes citing the COVID-19 pandemic crisis and sometimes incomplete preparations, the government had given gold jewelers time to implement the rules, but now these rules have come into force from today.
From today only ‘pure’ gold jewelery will be available
Gold hallmarking is a certificate of purity of gold, from today all jewelers will be allowed to sell only 14, 18 and 22 carat gold. BIS is running the scheme of gold hallmarking since April 2000, as of today, about 40 percent of gold jewelery is hallmarked. The process of registration for jewelers has also been made online and automated. According to the World Gold Council, there are about 4 lakh jewelers in India. Out of which 35,879 are BIS certified.
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Currently 40 percent jewelery hallmarked
It is not that gold hallmarking jewelry is not sold in the country yet, but there is no compulsion on them yet, rather many big jewelers themselves are selling gold hallmarked jewelry. Once the rules are implemented, all jewelers will have to sell only hallmarked jewellery. The government had also constituted a committee to implement the rules of gold hallmarking, which has been headed by Director General of Bureau of Indian Standards (BIS), Pramod Tiwari. Whose job is to remove whatever problems come in enforcing the rules.
Deadline was extended 5 times
Let us tell you that the central government had announced gold hallmarking rules for gold jewelery and artefacts in November 2019, these rules were to be implemented in the whole country from January 2021. But due to the Corona epidemic, the jewelers sought extension from the government and the deadline kept increasing. Till June 1, the deadline for gold hallmarking was extended 4 times, after which it was again extended till June 15, that is, till now the deadline for implementing it has been extended for a total of 5 times.