RapNet


Rapaport News

 

Retail

 

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

India Makes Hallmarking Gold Jewelry Mandatory

The government move protects consumers from unscrupulous jewelers.
Jan 4, 2012 5:35 AM   By Rapaport News
Email Email Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... India approved making hallmarking of gold jewelry mandatory to protect consumers from unscrupulous jewelers, Press Trust of India (PTI) reported. The hallmarking of gold jewelry is voluntary in nature at present, it noted.

The cabinet, headed by Prime Minister Manmohan Singh, cleared the proposal by approving amendments to the Bureau of Indian Standards (BIS) Act, 1986, that aims to expand the ambit of mandatory hallmarking to include more products, including gold, PTI stated, citing unnamed sources.

The hallmarking of gold jewelry is a purity certification of the precious metal and the Bureau of Indian Standards (BIS), under the Consumer Affairs Ministry, is the administrative authority of hallmarking, the report noted.
Tags: BIS, gold, hallmarking, India, jewellery, Jewelry, Rapaport News
Similar Articles
Similar Videos
‘Oppenheimer Blue’ Fetches Record $58M at Auction
May 19, 2016
Christie’s smashed the world auction record for a jewel as it sold...
Martin Rapaport JCK 2014 diamonds prices
Rapaport Illustrates the... Polished Prices Hold... Polished Prices Under...
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
All Content © Copyright 1982-2016 by Martin Rapaport. All rights reserved.  
twitter twitter
About Rapaport
Advertise with us