HUID: Redefining Transparency in Hallmarked Jewellery
Many Indians buy gold jewellery to celebrate most occasions, regardless of weddings, gifting purposes, or buying on Akshay Tritiya or Dhanteras. Selling hallmarked jewellery is now mandatory. Customers are becoming prey to fraudsters while buying gold and diamond jewellery. They are paying for what his/her jeweller is demanding yet, they are getting lower purity of gold. The Beauro of Indian Standards (BIS) has introduced another system to make everything even clearer to consumers when buying gold jewellery.
- What is HUID?
- Why is HUID More Efficient?
- Tips for the Consumers about HUID in Hallmarked Jewellery
- Tips for the Jewellers about HUID in Hallmarked Jewellery
What is HUID?
HUID or Hallmark Unique Identification is a number which is distinct for every single piece of jewellery. It is a six-digit alphanumeric code symbolising every jewellery which enables traceability. And at the same time, it becomes easier for consumers also to detect some essential details. Earlier, 4 symbols were there in hallmarked jewellery. The symbols signify purity, the fineness index, hallmarking centre, and the jeweller’s logo.
Why is HUID More Efficient?
HUID is more efficient for its unique numbering procedure. It is more transparent and accessible for consumers in the BIS Care app, to check the details of the item with this HUID. This unique number is manually engraved on the piece of jewellery at the Assaying centres. There are some reported incidents from different corners of India that some treacherous jewellers frauded their customers. Reports say that they were selling hallmarked jewellery of higher purity like 18K750. But they used 14K gold in manufacturing the product.
Tips for the Consumers about HUID in Hallmarked Jewellery
After the Indian Government introduced the HUID system, selling gold jewellery and artefacts, even with a hallmark, is prohibited without a HUID number. While verifying gold jewellery hallmarking, consumers must check whether the product has a distinct six-digit alphanumeric code engraved on it or not. The old hallmarking system is no more effective like 14K585, 18K750, or 22K916, etc.
Tips for the Jewellers about HUID in Hallmarked Jewellery
If you are a jeweller, then you must be thinking of what to do to get a HUID number for your jewellery item. The process is simple. Just go to the nearby assaying centre and ask them. You might have to submit a few documents like your BIS Hallmark Registration Certificate, your GST certificate, etc. to the assaying centre. But that is only for the very first time to get the HUID numbers for your jewellery items. Otherwise, there also might be a change in the rate of hallmarking, charged by the assaying centres. A mere percentage of GST will be added to the cost, hence a jeweller will get a tax invoice every time while visiting the assaying centre for HUID.
The consumers have welcomed the whole process from their hearts. As HUID is a single number to convey a bunch of details which the customers want as well as need to know.