Sign In
Learn bits
Schemes & Policies
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

More Related Current Affairs View All

15 Nov

Government issues guidelines to curb misleading ads by coaching centres

'The central Government issued new guidelines aimed at curbing misleading advertisements by coaching institutes, specifically prohibiting false promises such as "100 per cent selec

Read More

15 Nov

Janjatiya Gaurav Divas

'Every year on November 15th, Janjatiya Gaurav Divas is celebrated to honor the contributions of these communities, especially in India’s freedom struggle.' 5th November

Read More

15 Nov

Supreme Court’s order on mandatory accessibility standards

'A bench of the Supreme Court last week ordered the Union government to frame mandatory rules for ensuring the accessibility of public places and services to persons with disabilit

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps