Central Govt Eyes Mandatory Silver Hallmarking for Purity & Consumer Trust

• The central government is considering making silver jewelry and artifacts subject to mandatory hallmarking.
• The move aims to strengthen consumer protection and ensure purity in the precious metals market.
• BIS is assessing regulatory and infrastructure needs, including testing capacity, before implementation.
• Voluntary silver hallmarking adoption is increasing, with millions of articles already bearing the HUID number.
• No timeline set yet; industry consultation and infrastructure improvements are crucial before mandatory implementation.

Why It Matters: Mandatory silver hallmarking is under consideration to ensure purity and boost consumer confidence.