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Thread: US to drop 10ct as minimum gold fineness

  1. #1
    Join Date
    Jul 2009
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    Romsey
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    Default US to drop 10ct as minimum gold fineness

    https://mjsa.org/publicationsmedia/m...arat_concerns/

    Upside: 9ct can be sold to the US as gold.
    Downside: So can 1ct gold...

  2. #2
    Join Date
    Sep 2011
    Posts
    849

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    When I buy findings in Hong Kong and ask for 9ct they sort of look at me and say 'we don't think 9ct is really gold. Least most carry is 14ct
    www.Pearlescence.co.uk
    @pearlescenceltd
    instagram: pearlescenceltd1

  3. #3
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    Dec 2009
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    Central London
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    Default

    Lost for words, actually. Someone must benefit from this free for all, but who?

  4. #4
    Join Date
    Mar 2016
    Posts
    116

    Default

    Time to re-melt my stock of Pinchbeck with an added 'pinch' of gold dust?

    Note that there is a link at the bottom of Peter's link to: https://mjsa.org/publicationsmedia/m...ides_finalized

    which additionally outlines the proposed changes to plating standards and gemstone descriptions.
    Last edited by Paul Kay; 19-10-2018 at 08:15 AM.

  5. #5
    Join Date
    Aug 2017
    Posts
    232

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    I disagree with Hallmarking laws so I don’t really have any problem with this. Why should Governments dictate what is ‘good’ gold and ‘bad’ gold? They can’t even agree among themselves…some say 10ct others 8 while another 9, it’s absurd.

    There should only be laws against false or misleading descriptions and let the industry educate the public through advertising and marketing. Consumers now do a lot of their research through YouTube, they don’t consult a regulatory agency.

  6. #6
    Join Date
    Dec 2014
    Location
    South Australia
    Posts
    990

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    In Australia we do not have we do not have government Hallmarking ( despite some who think they are the only ones allowed to produce jewellery pushing to have such)
    it is up the individual jeweller to mark their items, it is a offence of fraud to mark items falsely.

  7. #7
    Join Date
    Sep 2011
    Posts
    849

    Default

    The UK Hallmarking law is probably a breach of EU competition law..because it adds cost and regulation. The single market law is that once any item is legal to sell in one member state it is legal to sell in all. In the UK stuff must be marked. and that adds a layer of regulation and cost and restricts the market. It is what is known as a qualitative restriction.
    www.Pearlescence.co.uk
    @pearlescenceltd
    instagram: pearlescenceltd1

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