Tuesday, April 3, 2012

(BIS -mandatory hallmarking for gold and silver

The Bureau of Indian Standards (BIS) has proposed mandatory hallmarking of gold and silver jewellery to ensure quality of the ornaments for common consumers. by amending BIS Act, 1986 

  • India has made hallmarking gold jewellery for quality control mandatory,
  • India is the world's biggest consumer of gold but quality is sometimes a problem, especially with small jewellers and customers face problems during redemption.


 

The Bureau of Indian Standards has also a scheme for issuing licences for Assaying and hallmarking centres so that small time manufacture of gold and silver jewellery can get their items hallmarked at these centres.
178 such centres has been recognized/issued licences by BIS till January 31, 2012.

Quick gold hallmark guide
.999 = 24 karat = 99.9%
 .916 = 22 karat = 91.6%
 .750 = 18 karat = 75%
.585 = 14 karat = 58.5%
 .417 = 10 karat = 41.7%
 .375 = 9 karat = 37.5%
 .333 = 8 karat = 33.3%
. 24 karat gold is as close as you can get to pure gold. 100% pure gold is non existent.


  • Hallmarks are often confused with "trademarks" or "maker's mark". Hallmarks are not the mark of a manufacturer to distinguish his products from other manufacturers’ products, which is the function of trademarks or makers' marks. To be a true hallmark, it must be the guarantee of an independent body or authority that the contents are as marked
  • The control or inspection of precious metals was an ancient concept of examination and marking, by means of inspection stamps (punch marks). The use of hallmarks, at first, on silver has a long history dating back to the 4th century AD and represents the oldest known form of consumer protection


Gold (play /ˈɡld/) is a chemical element with the symbol Au (from Latin: aurum "gold") and an atomic number of 79. Gold is a dense, soft, shiny, malleable and ductile metal. Pure gold has a bright yellow color and luster traditionally considered attractive, which it maintains without oxidizing in air or water. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive solid chemical elements. The metal therefore occurs often in free elemental (native) form, as nuggets or grains in rocks, in veins and in alluvial deposits. Less commonly, it occurs in minerals as gold compounds, usually with tellurium.
Gold resists attacks by individual acids, but it can be dissolved by the aqua regia (nitro-hydrochloric acid), so named because it dissolves gold. Gold also dissolves in alkaline solutions of cyanide, which have been used in mining. Gold dissolves in mercury, forming amalgam alloys. Gold is insoluble in nitric acid, which dissolves silver and base metals, a property that has long been used to confirm the presence of gold in items, giving rise to the term the acid test.
Gold has been a valuable and highly sought-after precious metal for coinage, jewelry, and other arts since long before the beginning of recorded history. Gold standards have been the most common basis for monetary policies throughout human history[citation needed], being widely supplanted by fiat currency only in the late 20th century. Gold has also been frequently linked to a wide variety of symbolisms and ideologies. A total of 165,000 tonnes of gold have been mined in human history, as of 2009.[2] This is roughly equivalent to 5.3 billion troy ounces or, in terms of volume, about 8500 m3, or a cube 20.4 m on a side. The world consumption of new gold produced is about 50% in jewelry, 40% in investments, and 10% in industry.[3]
Besides its widespread monetary and symbolic functions, gold has many practical uses in dentistry, electronics, and other fields. Its high malleability, ductility, resistance to corrosion and most other chemical reactions, and conductivity of electricity led to many uses of gold, including electric wiring, colored-glass production and even gold leaf eating.

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