Gemstones and Jewellery

In India, the demand for gold is not affected by the price elasticity; instead, you’ll witness more purchases of gold as the level of household income rises. Pure gold as well as silver are very delicate to resist wear and tear as an item for use or ornamentation. Therefore, it becomes essential to alloy them with a relatively smaller percentage of some other metals to enhance usability. This essentiality, however, has opened the door to a large-scale fraud and adulteration by manufacturers who make use of excessive amounts of the fortifying alloy to degrade the quality of gold. It is a straightforward task to introduce excess of alloy into both gold and silver without bringing about a significant change in the colour. The detection is also difficult without the help of technical tests. To safeguard the interests of consumers, a demand for some system of control gains momentum.The Government of India has devised the concept of hallmark jewellery to protect the public in its buying of gold jewellery against fraud and adulteration. In addition to the public viewpoint, the other objective the hallmarking scheme is to bind manufacturers by an obligation of maintaining the lawful standards of purity. For better comprehension, hallmarking can be defined as the process of determining and recording the proportionate content of gold in thejewellery precisely and officially. So, hallmarks are actually official symbols employed in many nations to assure you of genuineness of gold. If you want to buy gold, look for the specific hallmark formally approved in your country.