More than 14,000kg of gold, silver and platinum stamped last year: MoCI
The Ministry of Commerce and Industry (MoCI) said that gold, silver and platinum stamped between January 1 and December 31, last year saw an increase.
In 2018, the ministry stamped 14,584kg of these precious metals as compared to 12,962kg in 2017. The Directorate General of Standards and Metrology said that gold stamped in the precious metals laboratory in the ministry in 2018 were jewellery and related accessories.
These included precious and semi-precious stones, precious metals and ordinary metals coated with other precious metals, natural or industrially pro- duced pearls, in addition to traditional jewellery and coins.
MoCI plays a major role in monitoring and controlling illegal practices involving precious metals and stones. It also seeks to protect consumers and traders from fraud by exporters or workshop workers.
The ministry has urged consumers to look for inscriptions of Arabic numerals while buying gold, silver or platinum jewellery.
These numerals are stamped on these items by the ministry after being tested in its laboratory and indicate hallmarking.
Some marks indicate the type of product. The ‘khanjar’ or dagger is a symbol for the gold works and the tower for platinum works.