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Gold and silver jewellery is part of Indian culture that has been passed on through the generations. These are valuable metals which signify not only wealth and prosperity but are also deeply rooted in culture and religion. To maintain the purity and quality of such treasured possessions, hallmarking has become a necessity. This article discusses the importance of BIS Registration for gold and silver jewellery in India, examining how it benefits consumers, companies, and the industry as a whole.
Hallmarking has a long history, back to ancient Rome. It can be traced back to over 1000 years ago in India. During the Mughal period under Emperor Akbar, goldsmiths were required by law under the ‘Tola’ system to maintain certain levels of purity or risk being punished harshly. However, it was during the British Raj that India’s modern hallmarking system was created after being inspired by The London Assay Office.
India became independent thus necessitating the establishment of standardized hallmarking systems. In 1955 Bureau of Indian Standards (BIS) was established by the government with one of its main objectives being gold and silver articles hallmarking. This marked a new era for buying and selling precious metals in India.
BIS hallmarking provides several advantages to consumers:
BIS ISI Mark Certificate has important implications for jewellery sector businesses:
This is where the role of the Bureau of Indian Standards (BIS) comes into play. It has the following responsibilities:
Hallmarking includes a meticulous process, including metal purity testing, laser engraving of the jewellery, and final verification. These tests can only be done by BIS-certified assaying and hallmark centres, which would give out this mark if the article meets all set standards.
BIS also inspects these centres periodically to ensure they are still functioning within the set standards. This strict supervision from BIS assists in ensuring that the credibility and dependability of the hallmarking system are not tampered with.
A jeweler planning to sell BIS Hallmarked gold jewelry or items must secure hallmarking accreditation from BIS for every individual sales outlet. The certification will be granted to the jeweler for a designated site if the application, submitted in the prescribed format with the necessary supporting documents, is found to be complete and the required fee is paid. Additionally, the jeweler must sign an agreement for the operation of the license. Should the jeweler wish to sell Hallmarked silver jewelry or artifacts as well, a separate application for certification must be filed to obtain distinct registration from BIS.
BIS hallmark certificate is more than just a marking entity for gold and silver in India – it is a guardian of trust and quality. Through its functions, BIS holds key placement in consumer protection, fairness in business practices as well as promotion of development within the jewellery sector. This implies that an investor’s gold & silver assets will be safe, open, and predictable for customers. If you want to get BIS certification, experts at Agile Regulatory can help. Get in touch with us today.
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