Page 9 - Bullion World Issue 11 March 2022_Neat

Bullion World | Issue 11 | March 2022

Earlier, the time taken for the bonafides of the Huid hallmarks also it can be authenticated. You
hallmarking was 24 - 36 hours laser marked on an articles can then download the certificate
which has now come down to 8 also.
hours, so there are no complaints A significant amount of hallmarking
of the backlog of work in the is done in the 9 manufacturing You can download the certificate of
hallmarking centres. There are metro cities and is getting supplied authenticity and keep it for future
no major complaints from the to the retail locations. For e.g.: reference. So the jewellers can
jewellery side, and everything is the retailer sitting in Madurai or a have this as proof of hallmarking as
getting streamlined in a steady faraway place like Assam was not well ,and if a consumer want to sell
process. Here, the main glitch is having any mechanism to verify the jewellery, they can show this
the registration of Huid traceability whether the HUID done in Mumbai as bonafide ownership certificate
, which is yet to be activated. is genuine or not. With that app, or if one wants to pledge it to any
As of now, the Huid traceability the authenticity of Huid is verifiable NBFC, they will get the full value
verification mechanism is in place by the various segments of people for the Gold content With the
, but there is no HUID transfer in the gold supply chain. activation facility, the entire supply
facility from the manufacturer to chain can verify the bonafides of a
the jeweller , leaving a vacuum How to assure the customer, that jewellery article and it is a game-
in tracing the end retailer who is the product is genuine, what is changer for the Gold Industry.
selling the jewellery article to the the process and how do you plan
consumer. to market this idea? How was your experience in IGC
There are 2 ways of doing it, 1) this time?
How effective is the Huid One need to download the BIS app It has been a great experience ,
verification ? on your mobile phone or computer, as we are networking after a gap
Presently the BIS officers are log in to the six alphanumeric of two years. Looking forward to
having a mobile app on their codes, you will receive details meetings for the long term. It's a
cell phones, through which they on the genuineness of the Huid good beginning after a long gap.
can identify the authenticity of marked product. 2) For a 60-year-
any piece of huid hallmarked old person, who don't have a
jewellery. The same app is made mobile app, he may go to an e
available to the jewellers and the Seva Kendra and ask them to log
consumers, enabling them to verify into the BIS portal website, then

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