Hallmark Certification: A Turning Point for India’s Jewellery Industry

Why BIS Hallmark certification is a turning point for the Indian jewellery industry, and its role in the market of Indian jewellery. Learn all things with this blog:

There are many jewellers present in India, and all of them manufacture and sell jewellery. However, we’re not sure if all those are genuine or not. So, in that case, the hallmark reforms in the jewellery sector registration play their role in ensuring the purity and quality of the jewellery of all of them.

There are some more reasons also due to which we can say that hallmarking is a pivotal moment for the jewellery sector in India. Because BIS hallmark improves transparency provides them with their image and reputation, which is hard to build manually. Also, hallmarking shines their jewellery in the market compared to their competitors. So, with these reasons, we can say that hallmarking made things easy for many jewellers, which helps them in their growth and reputation.

A turning point means bringing revolution to the industry of jewellery industry. And this becomes possible with the help of the hallmark registration’s impact on export certification. Because all jewellers and jewellery-related businesses require that their growth also stay at the top, but this desire only gets fulfilled with much hard work.

So, in this blog, you will learn about the role of hallmarking registration as a pivotal moment for the jewellery sector in India. 

1. Reasons Which Say BIS Hallmark Certification is a Turning Point is Right

Especially for the Indian market, the hallmarking registration provides many things which we can say as a turning point.

The hallmarking for jewellery and businesses provides them with unprecedented consumer trust and standardises the market. It is hard to get largely unorganized. Due to which it changed the jewellery industry completely. And many more things by which hallmarking brings a revolution to the gold and silver industries.

That’s not enough, now, look at some more brief points by which this point becomes clearer.

1. Revolution in purity and quality

• The main purpose of Hallmark is to ensure purity and quality. Because, as we know that this is a third-party assurance which is governed by the Bureau of Indian Standards (BIS) for gold and silver purity. This helps customers know the actual specifications of the metal content.

2. Protect them against fraud

• In the industry of jewellery industry, hallmarking works as a protection. It serves as a defence against dishonest business practices., such as selling adulterated or lower-purity gold at higher prices. This mainly reduces the risk for buyers of falling into fraud or spam.

3. Increase confidence and trust

• Hallmarking also promotes confidence and trust by moving the unorganised jewellery market towards a more structured and transparent market. And in terms of transparency, hallmarking provides a Hallmark Unique Identification (HUID) number for traceability.

4. Bring better resale value

• Due to hallmarking, boosting consumer trust in jewellery items, their resale or exchange value also increases because their purity is officially certified and recognised throughout the market. This is a good advantage for consumers who view gold as an investment.

5. Credibility and potential

• Also, in the case of the credibility of gold and silver, the standardised hallmarking system surely helps with it. For boosting the growth of jewellery exports and helping India become a leading gold market.

6. Support procedures and adherence

• Because the BIS hallmarking certification is a legal requirement. Due to which breaking its guidelines and non-complancing causes several penalties encourages ethical behaviour among jewellers. And due to mandating this hallmark registration, the number of BIS-registered jewellers and assaying centres has increased.

How Hallmark Registration Levels the Field for Small Jewellers

2. The Journey of Becoming a Turning Point of Hallmarking

Know about the interesting journey of Hallmark Revolution in the gold trade in the industry of gold and silver industry. From ancient times to modern.

Mainly, the journey of hallmarking begins from the historical milestones and significant changes that have fundamentally transformed the system of hallmarking precious metals. And work for enhancing consumer protection, standardisation, and accountability.

Therefore, some brief key points in the journey of Bis Hallmark License are mentioned below:

1. From ancient origins – From ancient times, the mark of hallmarking has been used by ancient civilisations (Romans, Greeks, Egyptians). For showing authenticity and quality. This is now used in future standardised systems.
2. The Statute of King Edward I in 1300 – A major turning point of hallmarking comes during the time of King Edward I in England. This says that all meet the “sterling” standard and are marked with a leopard’s head symbol before public sale.
3. Establishment of the Goldsmiths’ Hall – Then King Edward III issued a grant to the Worshipful Company of Goldsmiths. In which he formalised the process of assaying and marking items at their hall. By which the term “hallmark” arrives.
4. The Hallmarking Act of 1973 – Then, this modernisation of hallmarking harmonised the existing system in the UK, adapting it for modern trade and allowing for the marking of platinum.
5. International Convention on Hallmarks – This action aims to mandate hallmarking practices across member nations to facilitate international trade and mutual recognition of hallmarks.
6. Mandatory Hallmarking in India – Then, the hallmarking came in Indian during the time of 2000s mainly for gold jewellery. This becomes a turning point by ensuring the protection of consumers and openness in one of the world’s largest gold markets. And with that, the Hallmarking system also brings a Hallmark Unique Identification (HUID) number for enhanced traceability.

3. LegalRaasta’s Role Behind Your Hallmarking Certification!

LegalRaasta serves as a dependable ally for business expansion, whether you are a founder, a manufacturer, or managing a startup.

Our team at LegalRaasta provides a wide range of services, including BIS hallmark certification, to ensure you manage your finances effortlessly.

Finding a BIS hallmark certification can be challenging, but you can count on us for expert guidance to navigate your business through uncertain markets.

Also, we give more than just financial services:

• GMP certification
• Virtual CFO 
• ESI registration 
• PF registration 
• NBFC registration

and much more.

Making sure that all your legal and rules needs are done in one place. This shows hands-on skill, quick steps, and a promise to your long-term growth.

4. Frequently Asked Questions

Why has hallmarking become important for the gold industry?

Ans. The hallmarking has become very important for the gold industry. Since we are aware that gold is a very expensive metal and is used for daily life purposes. Due to this, ensuring purity and quality in it becomes a mandatory thing. That’s why we can say that hallmarking plays an important role in this industry. 

How do I get my hallmarking for my jewellery items?

Ans. In terms of getting your hallmarking for your jewellery items. Firstly, you need to register yourself and apply for your hallmarking certification at the official portal of BIS. Then provide them with your information and required documents. Then pay the fees and pass the inspection carried out by the government. And you get your hallmarking certification. 

Who mandates the certification of hallmarking in India?

Ans. The Bureau of Indian Standards mandates hallmarking registration in India. And also governed this certification for many jewellers and businesses. 

What documents are required for hallmarking registration?

Ans. The documents that you required during the time of applying are proof of business establishment (like a GST certificate or partnership deed), identity and address proof for the owner and business premises, and financial documents such as GST returns or an undertaking for new businesses. 

How to easily pass the inspection of hallmarking after applying for it?

Ans. If you want to pass the inspection of your facility. Then, before applying for your BIS hallmark certification, make sure your premises are fully ready for any audit. Stay loyal to your process and define it to the inspector.