What is HallMark: You must have heard the word “Hallmark” many times. Often when we go to buy jewelry, we get to hear these words again and again. In such a situation, this curiosity definitely arises in your mind what are the hallmarks? Friends, buying gold everywhere in India or abroad is also considered a good investment. In fact, the price of gold is increasing day by day. Apart from this, most Indian women prefer to wear gold ornaments. Gold ornaments are mostly bought for marriages, festivals, etc. In the last few years, there has been a lot of jump in the prices of gold. So friends, in today’s article, I am going to give all the information related to Hallmark, so read this article till the end.

What is HallMark

What is HallMark | Defenition | Types
What is HallMark | Defenition | Types

What is Hallmark: Hallmark is a scale used to indicate the purity of gold and Silver ornaments. For example, if there is a gold bracelet, Hallmark is used to show how much pure gold is in it and how much other metals are mixed in it. If you buy 22-carat gold, it will be marked with 916 or 22k916. This means that the shopkeepers will not be able to cheat in any case. Friends, like gold, the hallmark is also being applied to silver. Apart from this, the specialty of hallmarked gold is that it is easily sold at the same price at which you have purchased it.

Why Hallmarks Are Important

Friends, let us tell you that from June 15, 2021, the rule of hallmark is effective on all types of gold ornaments. After this rule comes into effect, now all gold shopkeepers will be able to sell only hallmarked jewelry. Along with this, according to this rule, there are orders to sell jewelry of 14, 18, and 22 carats only. As you know that many types of metals are mixed in gold like Zinc, Silver, and Nickel. In such a situation, the hallmark has been arranged by the government to certify the purity of the gold you are buying.

Bureau of Indian Standards

The work of granting a license for Hallmark is done by BIS. The full form of BIS is the Bureau of Indian Standards. A&H centers have been established all over India by the Government of India agency BIS which inspects the quality of jewelry. Through A&H centers(Assaying & Hallmarking), gold shopkeepers get hallmarked on gold jewelry. The purity of gold is divided into 22 carats, 18 carats, 14 carats, etc. according to the amount of adulteration of other metals.

Also, Read Business Environment: Definition, Types & Importance

How jewelry purity is identified

Friends, the main purpose of hallmarking jewelry is to protect customers from adulteration in jewelry. Often, due to a lack of correct information, the customer becomes a victim of fraud, but after the Hallmark system, the complaints of fraud have been reduced completely. Hallmarked jewelry is easily identifiable. In fact, there are many types of marks on hallmarked jewelry such as the standard marks of BIS, year code, information about the amount of gold, etc.

You can identify the quantity or purity of gold in jewelry by the methods mentioned below.

  • If the number 999 is marked on the jewelry, it means that it is 24-carat (99.9% pure gold).
  • If the number 583 is on the piece of jewelry, it means that it is 14 karat (58.3% pure gold).
  • If gold jewelry has the number 750 on it, then it is 18 carat (75% pure gold).
  • If the number 916 is marked on any gold jewelry, then it is 22 carat (91.67% pure gold).

Utility of Gold

Gold is mostly bought for marriage ceremonies. Friends, I have told you about 3 types of hallmarked gold 14 carats, 18-carat, and 22 carats. You can buy any type of jewelry from these. The cost of 22-carat gold is much higher than 18-carat gold, so you can buy 18-carat gold also. Along with this, shopkeepers also charge you for making. That is, if you buy gold of low carat or low purity, then you get it at low prices. So friends, through this post, I have given complete information about what are hallmarks, if you liked this post then do not forget to share

Conclusion:-

So friends, through this article, I have given information about what are hallmarks in full detail. Through Hallmark, you can easily identify the purity of gold and avoid fraud. If you liked this post “What is Hallmark”, then do not forget to share it.

Also, Read What is Business Analysis? | Role of a Business Analyst

Leave a Reply

Your email address will not be published. Required fields are marked *