The Gentleman Magazine Issue 15 | June 2019 | Page 66

THE LAWS AND REGULATIONS TO CONSIDER WHEN BUYING JEWELLERY IN THE UK When buying jewellery and diamonds, many customers aren’t clued up on UK jewellery laws and regulations. For example, hallmarking can guarantee purity and the independent certification of a diamond can prove that the stone has been graded by an unbiased and professional examination. Read on as we cover all the key facts on UK jewellery laws and regulations. With the help of Angelic Diamonds, wedding ring retailers, we take you through everything you need to know! Hallmarking Hallmarking was established 700 years ago to avoid the fraudulent selling of precious metals. In Britain, if a jeweller claims that a piece has gold, silver, platinum or palladium in it, it must be hallmarked. This is according to the Hallmarking Act 1973. What is a hallmark? A hallmark is a government seal that is stamped on a metal object to display its purity. Only an official UK government assay office can apply a hallmark and there are only four locations in the UK that carry this out. It’s important to note that only official assaying can guarantee standards, and this is something you can ask about when you buy jewellery. 66 | The Gentleman Magazine “Powered by You might also have noticed a difference in white and yellow golds. These must be further classified into 9K, 14K, 18K and 22K standards. It’s also essential for silver, platinum and palladium rings to satisfy a certain percentage of purity to meet UK hallmarking standards. It is a legal offence to claim that jewellery is made with a precious metal if it’s not hallmarked in this way, bear this in mind when you’re purchasing from an untrusted source. There are some exemptions from precious metals objects, and these are those that weigh under a certain number of grams: • 1 gram for gold • 0.5 gram for platinum & palladium • 7.78 grams for silver You therefore won’t expect to see a hallmark if you purchase jewellery with metal content lower than the above figures. Diamond certification You’ll receive a diamond certification when you buy a piece of jewellery that has a precious gem in it. Always check that you receive a lab report or certificate to ensure that what you’re buying is legitimate. , Securing the Internet of Things”