BIS Hallmark
Contents
The women in India are always eying this precious metal, Gold. This metal is considered an extremely valuable investment. And surely it is but its cost varies from one seller to another one. For gold ornaments, everything has its manufacturing cost association. So, while purchasing this precious metal, one has to do the proper cost calculations.
Around 500 tonnes of Gold is produced each & every year & 80 tonnes of the same is used in the manufacturing of jewelry products. Due to such large-scale production of a gold metal, consumers can also be deceived. As a result, gold purity has already been a great cause of concern. In order to solve the above-mentioned issue, the Government of India’ has identified BIS as the sole agency in India to operate this scheme.
The BIS hallmarking Scheme is compulsory and is operating under the BIS Act, Rules, and Regulations. It operates based on trust and thus aspects of quality control should be built in the system responsible for managing quality. So, the benchmark to be followed for purchasing gold is the Hallmark. This type of mark is quite imperative for ensuring that the metal you purchase is pure as it is from the jeweler who already has the BIS hallmark. So, whether it is a jewelry item, coin, or gold bar, it must carry BIS hallmarking.
Let’s explore in this blog post what importance hallmark certification holds for sellers, and buyers and what components this hallmarking comprises.
The BIS hallmarking for the gold products is embedded with 5 main marks. The presence of such marks on the gold material will indicate that it is adhering to the quality standards, listed by the BIS( Bureau of Indian Standards) authority.
This acts as the triangulation mark. It specifies that the 3rd party assessor has already conducted the hallmarking after a thorough assessment while conforming to the product’s purity.
Purity Grade
This is another mark for finesses and serves as the depiction of the gold metal’s carat value. The term carat serves as the gold metal’s purity indicator. The purest type of gold available is 24 carat/ 24k metal.
However, it is not appropriate for creating gold jewelry and thus it is mixed up with other materials in order to create extremely strong as well as the most durable of alloys. So, in India, the gold’s carat value ranges between 22k-14k & comprises the measurements in 3 distinct digits.
This is another hallmark center’s marking or approval from the 3rd party assayer, with its approval from BIS. So, this hallmark is embedded on each & every item verified as well as evaluated for purity towards the center. This mark is made to avoid any sort of discrepancies later and facilitating the products to be traced back to the center is required.
This will indicate the year during which the particular gold product has been hallmarked. So, the marking year is indicated through a code letter as per the provisions laid by BIS. For example, the code letter A depicted the year 2000, code letter B indicated 2001, etc.
This is another mark for the jewelry or any other manufactured item. Each and every piece of the jewelry product has its certifications from BIS, as there will be a unique logo that will encompass the items.
All 5 marks depicted above are marked upon the gold products that have been hallmarked. And they certify the standards of quality of gold metal items. Do you intend to purchase gold coins? Or you might want to purchase pieces of this precious metal jewelry. Whatever your intention, always ensure to check these 5 imprinted marks in tiny form upon the gold metal products.
Here are a few of the basic steps for applying for hallmark registration in India:
The first step is to prepare everything & properly arrange all the documentation in order to apply for the certification.
This is the next step and one has to carry out the preparation of all documentation & Then you are required to apply online for hallmark certification.
After the submission of the application, documentation as well as the fee, the inspector from the BIS authority will be conducting the inspection.
Upon the verification and complete satisfaction of the inspector, the applicant will be rendered the hallmark registration licensing, and the soft copy of the same will also be emailed. The hallmark certification holds validity for 5 years.
The compulsory gold products hallmarking scheme will certainly put our country on the world map as a center for gold trade. This is going to provide further protection, thereby ensuring that consumers are not deceived & receive the highest standards of purity as it has been marked upon gold products.