A gold hallmark indicates that the gold content in jewellery has been evaluated and that the gold adheres to international standards of purity. But did you know that the process of gold hallmarking is unique to every country?
If you are buying gold abroad, you need to know how to identify hallmarked gold so that you can be sure you are getting what you are paying for.
Here is a guide on gold hallmarks in the United States of America.
In the US, an item’s karatage can be identified by independent signage close to the piece of jewellery or verbal information, rather than on the piece itself.
However, if it is marked, it must also have a trademark stamp in close proximity to identify its origin. In the US, the fineness in parts per thousand is often used to indicate purity instead of karatage.
But what does a US gold hallmark look like?
In the US, there is no single official gold hallmarking system for gold jewellery. Instead, there are independent assaying agencies across states and cities.
Jewellers of America is one of such agency. Association members have the letter “J” above the entrance to their stores to guarantee the quality of their gold jewellery and obligations to observe the Code of Ethics.
FTC (Federal Trade Commission) guidelines for the Jewellery Industry , provide for the following marks:
If you have bought gold in the US 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.
Goods and Services Tax is an Indian indirect system of tax . The act came into effect on 1st July, 2017. It is a value-added tax which is levied on manufacture, sale and consumption of goods and services.
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