New standards for gold jewellery, including compulsory hallmarking, are likely to be implemented in the country
from January 2018 to safeguard the interests of consumers. Jewellers will get about six months to get the hallmarking license from the Bureau of Indian Standards (BIS), top sources in the government told The
Currently, due to absence of standards, the gold jewellery sold in the market is of different carat value and quality, leaving consumers in doubt about the purity of the precious metal. Once the new regulation is implemented, all jewellers will have to sell hallmarked gold ornaments of only 14, 18 and 22 carat. BIS has been asked to frame hallmarking standards for jewellery made from 24 carat gold also, Consumer Affairs Minister Ram Vilas Paswan had said in a statement made to the media.
At present, there are BIS standards for hallmarking of jewellery made from 14, 18 and 22 carat gold. “Earlier, jewellery could not be made from 24 carat gold. Now it is possible to make it with the sophisticated technology available abroad. There is a demand to have standards for this category also,” said Paswan.
The cost of hallmarking comes to just Rs 35 per piece, of which Rs 7 goes to the government as royalty. Even as consumers look forward to hallmarked gold jewellery, jewellers have demanded that the new rules be implemented in a phased manner, starting with the cities that have the hallmarking facility. Meanwhile, the jewellers have reported a dip in gold sales as many consumers postpone their purchases till the implementation of hallmarking rules.
CONSUMER VOICE LEGAL HELPDESK
If you find yourself vulnerable and cheated and need legal advice related to consumer laws and pursue litigation, our Legal experts will provide step-by-step consumer law assistance.