“Silver Hallmarking from September 1: What Buyers Need to Know and How It Impacts Prices”
1. What Changes with silver Hallmarking?The Bureau of indian Standards (BIS) has introduced six official purity grades for silver:
- 800, 835, 900, 925, 970, and 990
2. Why Hallmarking Matters for BuyersHallmarking is essentially a certification of metal purity after laboratory testing by BIS. The benefits include:
- Assured Purity: Guarantees the silver matches the declared grade.
- Reduced Fraud: Minimizes adulteration and misrepresentation in the market.
- Easy Verification: Buyers can check the authenticity using the BIS Care mobile app’s “Verify HUID” feature.
3. Benefits of Hallmarked silver JewelleryThe introduction of hallmarking brings several advantages for consumers:
- Trust & Safety: Ensures genuine and pure silver.
- Digital Verification: Quick checks via BIS Care app.
- Market Standardization: silver becomes as regulated as gold.
- Long-Term Confidence: Encourages buyers to invest in jewellery without worry.
4. silver Follows the gold ModelThis move mirrors gold hallmarking rules introduced in 2021, which became the trusted standard for buyers. While silver hallmarking is initially voluntary, experts predict it will soon become the norm as customer demand grows. Jewellers are expected to adopt the practice widely, ensuring higher industry standards.
5. Will Hallmarking Make silver More Expensive?Many buyers worry about increased prices. Experts say:
- Minimal Cost Impact: Testing and certification add a small fee.
- No Major Price Rise: Overall cost of silver jewellery remains largely unchanged.
- Fair Pricing: Hallmarking discourages adulteration and unfair pricing.
6. What to Expect After september 1From September onwards, buyers can choose between hallmarked and non-hallmarked silver. However, given the trust factor, hallmarked jewellery is expected to dominate the market.This change not only protects consumers but also strengthens the jewellery industry, helping establish credibility in domestic and international markets.
Final TakeawaySilver hallmarking is a win-win for buyers and the industry. With verified purity, wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital HUID checks, and minimal cost implications, customers can shop confidently. Over time, hallmarked silver is likely to become the standard, making the market safer, more transparent, and consumer-friendly.