Whatis BIS Hallmark?
They say all that glitters is not gold. Andtrue that! The yellow metal is hugely popular in our country. However, manybuyers are not aware of the standards of its quality. Naturally, sellers oftentry to dupe their customers with low-quality gold and jewellery. Hallmarking isa means to safeguard the interest of the buyers. BIS Hallmark is a system thathelps you determine the purity of gold and silver jewels sold in the country.It is a certification issued by the Bureau of Indian Standards (BIS), thenational standards organisation in India. The certification given by this body,which is called BIS Hallmark Certificate, confirms that a piece of gold jeweladheres to the standards set by BIS.
In India, hallmarking of gold is not a veryold concept. It started in April 2000. Prior to this, buyers didn’t have a sureshot way of determining the purity of gold. Hallmarked gold ensures that themetal used to make the ornament conforms to international and nationalstandards of purity and fineness. No wonder, the BIS hallmarking has become thebenchmark of trust for a large number of gold buyers in the country.
Why Go For Hallmarked Gold?
In our country, and in many parts of theworld, gold is not just a means to adorn bodies. It is one of the best modes ofinvestment as well. Since the ancient times, parents have been gifting goldornaments to their daughters during their wedding. It is given as a form ofsecurity. If you look at it, you can see that gold is an integral part of everywise investor’s portfolio.
But in the absence of any method todetermine the purity of the metal, the buyer is always at a risk. As a buyer,you will have to accept the quality of the metal as per the claims of yourjewellery. Gold is a precious metal. If you are investing your money to buy it,why not be sure about its quality? This way, you will know that the metal youare buying is worth the money you are spending on it. When you buy goldhallmarked by the Bureau of Indian Standards, you can be about the quality ofthe metal. So, whether you are buying gold bangles or diamond nose pins oranything else, always go for hallmarked items.
No one can determine the purity of goldtouching or looking at it. Even experienced jewellers can’t assess the purityof gold without proper evaluation. Two gold ornaments may be of same design andstyle, but they can greatly vary in value due to the difference in gold purity.A hallmark certification can resolve all such issues. It can provide all thenecessary details and confirm the purity of the gold.
Now, imagine that you are planning to sellyour necklace or bangle. Note that self-certification by a jeweller won’t helpif you decide to exchange your gold at another jeweller. But if you are armedwith a hallmark certification, you won’t have to worry. Hallmark spells trustand confidence in the gold jewellery industry. Not just buyers, even sellersaccept it.
Can Any Jeweller Acquire a Hallmark for Their Gold Items?
No, only BIS certified jewellers can do so.That’s why it’s better to buy your gold items from reputed jewellers who offerhallmarked products.
What Does a BIS Hallmark Consist of?
BIS Hallmark for gold items consists offive components or marks. The presence of these marks on your gold indicatesthat the metal conforms to the purity standards laid out by the Bureau ofIndian Standards. These marks are:
BISStandard Mark: It is a triangular mark. Itindicates that a third party assessor has done the hallmarking after properevaluation and confirms the purity of the metal.
PurityGrade: It is a fineness number that corresponds tothe carat value of gold. The word carat or karat is an indication of the purityof gold. In its purest form, gold exists as a 24 carat or 24k metal. But 24kgold is not suitable for making gold ornaments, so it is often mixed with othermetals to form strong and durable alloys. In India, the carat value of goldornaments usually ranges from 22k to 14k and is measured in three digits. Forinstance, a 22k gold ring will have a purity grade of 916.It means the purity is 916 parts of 1000 or91.6%. Likewise, jewellery made of 18k and 14k gold will have a purity grade of750 and 585, respectively.
HallmarkingCentre’s Mark: This is the mark of the hallmarkingcentre or the third party assayer that has been approved by the BIS. The markis embossed on every item assessed and verified for purity at that centre. Thisis done so that if any discrepancy arises later, the item can be traced back tothe centre.
Yearof Marking: This indicates the year in which theitem was hallmarked. The year of marking is denoted by a code letter decided byBIS. For instance, code letter ‘A’ was for the year 2000, ‘B’ was for 2001, andso on.
Jeweller’sMark: It is the mark of thejeweller or the manufacturer of the item. Each jeweller certified by BIS has aunique logo that is embossed on their ornaments.
All these marks are clearly stamped onhallmarked items. Are you buying a piece of jewellery? Or are you buying a goldcoin? Check the item carefully to see these five marks imprinted on it in tinyforms.