May 23, 2016 4 Comments
Only 30 percent of Indian gold jewellery is currently hallmarked and there are widespread differences in purity and an average under-caratage of anywhere from 10-15 percent.Some 80 percent of high value items are hallmarked, but for medium and low valued category only 10 percent is hallmarked.
But the real sting is in what the WGC has to say : “Till date even hallmarked jewelleries are not that credible in India. It is not fool proof as the original BIS policy has intended it to be. To make hallmarking more credible there should be independent checks by BIS of the hallmarking centres. The enforcement should be much more rigorous.”
So, do make the effort to double-check the purity of your purchases, just to be sure that you are getting what you paid for.