{"id":11753,"date":"2020-01-16T10:21:23","date_gmt":"2020-01-16T04:51:23","guid":{"rendered":"https:\/\/www.apnaplan.com\/?p=11753"},"modified":"2020-01-16T10:21:25","modified_gmt":"2020-01-16T04:51:25","slug":"hallmark-now-mandatory-for-gold-jewelers-things-you-should-know","status":"publish","type":"post","link":"https:\/\/www.apnaplan.com\/hallmark-now-mandatory-for-gold-jewelers-things-you-should-know\/","title":{"rendered":"Hallmark now mandatory for Gold Jewelers \u2013 Things you should know"},"content":{"rendered":"\n<p style=\"text-align: justify;\">The government has made it <strong>mandatory for all jewelers to sell gold jewelry with hallmark sign<\/strong>. Hallmark sign on the gold is provided by approved labs and tells the purity of gold ornaments. Here are things you should be aware before you deal in gold jewelry.<\/p>\n<p style=\"text-align: justify;\">All the jewelers would be given one-year time to register with Bureau of Indian Standards (BIS) and clear their old stock. This means that <strong>no jewelry can be sold without hallmark from January 15, 2021.<\/strong><\/p>\n<p style=\"text-align: justify;\">Gold hallmark was introduced since April 2000 and was totally voluntary. But the government was increasingly creating awareness due to multiple complaints of impure gold.<\/p>\n<p style=\"text-align: justify;\">As of today, only 40% of jewelry sold is hallmarked \u2013 with higher awareness and adoption in bigger cities.<\/p>\n<p style=\"text-align: justify;\"><strong>The gold ornaments would have any of three hallmarks depending on purity \u2013 22, 18 and 14 carats. Currently there are 10 grades of gold available.<\/strong><\/p>\n<figure id=\"attachment_11754\" aria-describedby=\"caption-attachment-11754\" style=\"width: 757px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-11754\" src=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/01\/Hallmark-mandatory-for-Gold-Jewellers-1024x482.png\" alt=\"Hallmark mandatory for Gold Jewellers\" width=\"757\" height=\"356\" title=\"\" srcset=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/01\/Hallmark-mandatory-for-Gold-Jewellers-1024x482.png 1024w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/01\/Hallmark-mandatory-for-Gold-Jewellers-300x141.png 300w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/01\/Hallmark-mandatory-for-Gold-Jewellers-768x361.png 768w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/01\/Hallmark-mandatory-for-Gold-Jewellers.png 1371w\" sizes=\"(max-width: 757px) 100vw, 757px\" \/><figcaption id=\"caption-attachment-11754\" class=\"wp-caption-text\"><strong>Hallmark mandatory for Gold <\/strong><b>Jewelers<\/b><\/figcaption><\/figure>\n<p style=\"text-align: justify;\">22 carat is represented by 22K916, 18 carat by 18K750 and 14 carat by 14K585 as per hallmark standards.<\/p>\n<blockquote>\n<p>Also Read: <a href=\"https:\/\/www.apnaplan.com\/tag\/sovereign-gold-bond\/\">How to Invest in sovereign gold bonds?<\/a>\u00a0<\/p>\n<\/blockquote>\n<p style=\"text-align: justify;\">Hallmark on gold jewelry now has four marks: BIS mark, purity in carat, assay centre&#8217;s name and jewelers\u2019 identification mark.<\/p>\n<p style=\"text-align: justify;\">The mandatory hallmark may lead to some discounts on unmarked old stock jewelry.<\/p>\n<p style=\"text-align: justify;\"><strong>In case a jeweler violates these provisions and sells non-hallmarked ornaments \u2013 there would be minimum fine of Rs 1 Lakh or five times the value of item and\/or jail term for a year.<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>The mandatory hallmark is not applicable for consumers and they can sell or exchange their unmarked gold jewelry even after January 15, 2021.<\/strong> Customers can get their old unmarked jewelry stamped across 892 assaying and hallmarking centers spread across 234 districts.<\/p>\n<p style=\"text-align: justify;\">The <strong>mandatory hallmarking of gold jewelry is a welcome step<\/strong> and would encourage fair play especially in small towns and villages. Also, with jewelry in just 3 categories of purity would further standardize the gold market and would encourage transactions across jeweler shops.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As per the new rule starting January 15, 2021 Jewelers can only sell hallmark gold jewelry. However this does not impact consumers who are free to exchange, sell their unmarked ornaments <\/p>\n","protected":false},"author":1,"featured_media":11754,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[327,86],"tags":[739,3953],"uagb_featured_image_src":{"full":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/01\/Hallmark-mandatory-for-Gold-Jewellers.png",1371,645,false],"thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/01\/Hallmark-mandatory-for-Gold-Jewellers-150x150.png",150,150,true],"medium":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/01\/Hallmark-mandatory-for-Gold-Jewellers-300x141.png",300,141,true],"medium_large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/01\/Hallmark-mandatory-for-Gold-Jewellers-768x361.png",768,361,true],"large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/01\/Hallmark-mandatory-for-Gold-Jewellers-1024x482.png",1024,482,true],"1536x1536":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/01\/Hallmark-mandatory-for-Gold-Jewellers.png",1371,645,false],"2048x2048":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/01\/Hallmark-mandatory-for-Gold-Jewellers.png",1371,645,false],"yarpp-thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/01\/Hallmark-mandatory-for-Gold-Jewellers.png",120,56,false]},"uagb_author_info":{"display_name":"Amit","author_link":"https:\/\/www.apnaplan.com\/author\/admin\/"},"uagb_comment_info":0,"uagb_excerpt":"As per the new rule starting January 15, 2021 Jewelers can only sell hallmark gold jewelry. However this does not impact consumers who are free to exchange, sell their unmarked ornaments","_links":{"self":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/11753"}],"collection":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/comments?post=11753"}],"version-history":[{"count":0,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/11753\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media\/11754"}],"wp:attachment":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media?parent=11753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/categories?post=11753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/tags?post=11753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}