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Pradeep Kumar

22/08/21 12:00 PM IST

Hallmarking scheme

In news

Hallmarking scheme is turning out to be grand success with more than 1 crore pieces of Jewellery hallmarked in a quick time.

Details
  • As per this scheme, Registered is granted to the jewellers by BIS under Hallmarking Scheme.
  • The BIS certified jewellers can get their jewellery hallmarked from any of the BIS recognized Assaying and Hallmarking Centres.
  • The recognition of an Assaying and Hallmarking Centre is done against IS 15820:2009.
  • The annual consumption of gold which was estimated at 65 tonnes in 1982, has increased to over 800 tonnes presently.
  • About 80% is for jewellery fabrication (mainly 22 carat purity) for domestic demand, 15% for investor demand and barely 5% for industrial use. 
  • India is also home to around 4,50,000 gold smiths, over 100,000 gold jewellers, along with about 6000 diamonds- processing players and 8000 diamond jewellers.
Hallmarking
  • Hallmarking is the accurate determination and official recording of the proportionate content of precious metal in precious metal articles.
  • Hallmarks are thus official marks used in many countries as a guarantee of purity or fineness of precious metal articles.
  • The principle objectives of the Hallmarking Scheme are to protect the public against adulteration and to obligate manufacturers to maintain legal standards of fineness.
  • In India, at present two precious metals namely gold and silver have been brought under the purview of Hallmarking.
Source: PIB

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