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Message:: [QUOTE="Any Jewelry, post: 244381, member: 2844"]India is a subcontinent, an enormous, developing country with over a billion people. Imagine trying to organize that. It is starting to find its way in the modern world.There is a Bureau of Indian Standards. They state:"the RBI Standing Committee on Gold and Precious Metals opined that introduction of a Hallmarking System would not only protect the public from fraud, but also assist exports of jewellery. While agreeing on this the Committee reckoned that compulsory certification of gold would not be implementable on account of the massive structure of trade. Recommending the pursuance of a voluntary scheme, it emphasized the deviations in purity of fine metal should invoke penalties under legislation and BIS was named as the sole agency in the country for Hallmarking of gold jewellery under the provisions of the BIS Act, 1986." But India is working towards fulfilling the criteria of the Hallmarking Convention, which is more than can be said for some 'developed' countries. Once it does, India can seek membership of the convention. Mandatory hallmarking could follow.[/QUOTE]