ASIAN JEWELLERY MANUFACTURING
Ln. Vikas Soni
Completed my Graduation in Electronics from
GMR Institute of Technology, Rajam in 2010
Joined Infosys and worked there for 2 years
Joined Father’s Family Jewellery business in
Joint Secretary – Lions Club of Eluru
INDEX OF CONTENTS
1. Structure of Jewellery Industry
2. Points to keep in mind
3. Purity / Quality / Carat
4. What is Hallmarking gold
5. How to identify the mark
6. Gold Price
7. Wastage and Making Charges
STRUCTURE OF JEWELLERY INDUSTRY
You will be saved Rs. (C+D) when you
purchase directly from the Manufacturer
POINTS TO KEEP IN MIND WHILE PURCHASING GOLD JEWELLERY
Purity- When it comes to purity, most gold has a
marking inside that indicates its caratage
Price – The price of gold jewellery is determined by
the purity of the gold and by the amount of skill and
labour that goes into the piece
Identification- In India, Local law requires that
every item of Gold jewellery bears a clear stamp
indicating its caratage.
Check 0 on the weighing machine before weighing
WHAT IS PURITY/QUALITY/CARAT?
A carat is a unit of purity of gold alloys
24 carat gold is fine (99.9%)
22 carat gold is 22/24=91.67%
18 carat gold is 18/24=75%
22 carat gold is most popular in India and is
generally termed as 916
WHAT IS HALLMARKING OF JEWELLERY?
Hallmark is a purity certification of gold articles in accordance with Indian
Government of India' has identified BIS a sole agency in India to operate
Design of Hallmark on Gold Jewellery is given below
23 carat gold = 95.8%(23/24)
22 carat gold = 91.6%(22/24)
21 carat gold = 87.5%(21/24)
18 carat gold = 75%(18/24)
14 carat gold = 58.5%(14/24)
9 carat gold = 37.5%(9/22)
HOW TO IDENTIFY THE HALLMARK?
BIS hallmark for gold jewellery consists of several components:
The BIS logo.
A three digit number (out of a set of six pre-defined values) indicating the purity
of the gold in part-per-thousand-format viz; 958, 916, 875, 750, 585, 375. Thus a
BIS 916 hallmark would certify to a purity of 916 per 1000, that is 91.6%,
translating to a 22carat purity of gold.
Logo of the assaying centre.
A code denoting the date of hallmarking.
Logo/code of the jeweller.
IDENTIFICATION MARK EXAMPLE
A Year of marking = 2000
916 Jewellery is 916 fineness
Logo of Assaying Centre
Logo of the Jeweller
Every city/town has a jewellery association
and all the jewelers follow the price decided
by their jewellery association.
Jewellers of Eluru display the rate of 8 gms
22ct i.e 916 gold which is termed as “Kasu”
Gold prices fluctuates on the daily basis.
Some big jewellers follow price by their own
on the basis of international market.
WASTAGE AND MAKING CHARGES
Wastage: During the process of making the ornament some amount of gold will be
wasted or will be lost while cutting, soldering, melting etc. Hence the gold gets
‘wasted’ in the manufacture of a jewellery item. These are called wastage charges
and jewellery stores generally asks buyer to pay these wastage charges. Generally,
the wastage charges are dependent on type of ornament and they range anywhere
between 3% to 25%. Wastage charges are expressed as % of weight of gold
Making Charges: Making Charges are the charges you pay to the Gold Smith to
make the Jewel out of raw gold. A good design is a culmination of artistic view and
effort to create a wonderful design that attracts the eyes of buyer. So for making
such designs, Jewelery stores generally charges the customer with making
charges. This varies from design to design based on the complexity. It varies based
VAT: 1% of the total cost of the ornament.
EXAMPLE OF TOTAL PRICE CALCULATION
A buys an ornament weighing 25gms 22ct
quality from B and this is how B charges A
Weight = 30.000 gms
Wastage (8%) = 2.4000 gms
Total = 32.400 gms
Rate (22ct rate) = 2750 / gm
Price = 89,100/-
M.c (50/gm) = 1500/-
Total Price = 90600/-
VAT (1%) = 906/-
Total Including vat = 91506/-
GOLD TESTING CENTERS
You can find Gold Testing centers at your place and get your jewellery/gold tested.
ASIAN GOLD TESTING
TYPES OF SHOULDERING
Tankam (No English Translation)
Zinc Shouldering is being used widely now in India while preparing gold jewellery
replacing KDM shouldering.
HOW YOU MAY GET CHEATED
Check 0.000 while weighing ornament
Beware of hollow items
Beware of Unsoldered items
GM, Asian Jewellery MFG Co.
3A-12/2-6, Nallamandu St
Main Bazar, Eluru
West Godavari Dt, Andhra