Trivia 21 May 2018
Did you know that Hallmarking gold jewellery was Europe's earliest form of consumer protection, dating back to King Louis IX of France and Edward I of England in the 1200s ? Gold hallmarking has since then been a pre-requisite for all gold items meant for public sale.
Here’s a look at the current rules of gold hallmarking in Europe:
Most European nations are party to the Vienna Convention on the Control of the Fineness and the Hallmarking of Precious Metal Objects system. The convention is a treaty among states that are represented by their ministries responsible for precious metals. The convention introduced the Common Control Mark (CCM).
The marking of articles of precious metals with the CCM is voluntary. Manufacturers are not obliged to do so. The CCM marking is applied independently from the hallmarking system in place in each country.
There are currently 19 countries as members. Each member has one or more Assay Offices authorised to apply the Convention’s provisions (the CCM).
Other countries that follow the work of the convention are China, Croatia, France, Italy, Macedonia, Romania, Serbia, Singapore, and Spain.
|333 ~ 8K (33.3% gold)||583 & 585 ~ 14K (58.3—58.5% gold)||916 ~ 22K (91.6% gold)|
|375 ~ 9K (37.5% gold)||750 ~ 18K (75% gold)||960 ~ 23K (96% gold)|
|410 & 417 ~ 10K (41—41.7% gold)||800 ~ 19.2K (80% gold)||990 & 999 ~ 24K (99—99.9% gold)|
Hallmarking in France:
France is credited for having the most complex system of hallmarks known to the world.
Hallmarking in Spain:
Spain follows a dual system of Assay Office hallmarking and licensed manufacturers marking. Hallmarking is a compulsory state requirement. Characteristics of the typical mark formation are:
The Spanish hallmarks which conform to the British Hallmarking Council are:
For more information on gold hallmarking in Europe, read How to buy hallmarked gold in the UK.
If you have bought gold in Europe and are planning to carry it back to India, make sure you read this to know the necessary rules and regulations: Everything you need to know while travelling with gold.
It refers to a book-keeping mechanism that is used by banks or other enterprises to provide investors with notional gold.
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