Great news for customers buying silver and silver jewelry! The government is soon going to implement new hallmarking rules for silver. Until now, these rules were only applied to gold jewelry, but now they are being prepared for silver products as well.
Hallmarking for Silver After Gold
The government has started the process of applying Hallmark Unique Identification (HUID) to silver jewelry. However, there are some technical challenges in this direction.
- Technical Issue: Marking HUID on silver is challenging as it easily erases.
- New Technology Consideration: Various techniques are being tested to implement it permanently.
What is HUID and Why is it Important?
HUID (Hallmark Unique Identification) is a 6-digit alphanumeric code unique to each jewelry piece. This code is verified by the Bureau of Indian Standards (BIS) and ensures the purity and authenticity of the jewelry.
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Benefits of HUID for Customers
- Guarantee of Purity
- HUID ensures that jewelry meets the correct carat (like 22K, 18K) and standards. It assures customers that they are buying certified and pure products.
- Protection Against Fraud
- Each piece of jewelry can be tracked with HUID.
- It makes it easier to identify fake or adulterated silver and gold.
- It assures customers that their purchase is BIS certified.
- Improved Transparency
- HUID provides complete information about the jewelry, such as:
- Purity (Carat)
- Weight
- Manufacturer and sale location details
- HUID provides complete information about the jewelry, such as:
- Government Monitoring
- HUID helps the government better monitor jewelry trade.
- It will help prevent black money and illegal trade.
Advantages of HUID for Customers
- Fair Pricing: HUID ensures customers are buying certified jewelry at a fair price.
- Increased Resale Value: HUID certified jewelry can be easily resold. Non-HUID jewelry often faces issues during resale.
- Legal Protection: If a customer has a dispute regarding jewelry purity, HUID certified jewelry can legally protect them.
Hallmarking for Gold and Silver: A Significant Step
In India, BIS made hallmarking mandatory for gold jewelry from June 16, 2021. Now, gold jewelry must have a BIS mark, purity grade, and HUID.
Similarly, hallmarking is now being applied to silver. This step is crucial to protect customers from fraud and bring transparency to the market.
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How to Check the Authenticity of HUID?
Customers can verify their jewelry’s purity and authenticity through the BIS official mobile app or website using the HUID code.
Benefits of the New Rules
The government’s move will not only provide customers with reliable and certified silver but also ensure transparency and quality control in the silver trade. This change will be a game-changer for millions of customers and the industry.