12 January 2017 Current Affairs: Indian Standard on gold hallmarking has been revised by the Bureau of Indian Standards (BIS) on January 9, 2017 and has been made effective for implementation with effect from January 1, 2017.
From now the hallmarked gold jewellery will be available in three grades: 14 carat, 18 carat and 22 carat. These caratage would also be mentioned on the jewellery besides the fineness for the convience of the customers.
For 22 carat jewellery 22K will be marked in addition to 916 (22K916), for 18 carat jewellery 18K will be marked in addition to 750 (18K750) and for 14 carat jewellery, 14K will be marked in addition to 585 (14K585).
Besides, Hallmark on gold jewellery will now have four marks: BIS Mark, purity in carat and fineness, assaying centre’s identification mark and jeweller’s identification mark.