The Cabinet refuted news about the abolition of trading the traditional hallmarking of gold jewellery, coinciding with the new laser hallmarking method.
In a statement, the Cabinet asserted that it had contacted the Ministry of Supply to know if these reports were true or not. It also affirmed that all the gold jewelry in the traditional method are valid and approved by the Assay and Weights Administration.
In the same vein, it pointed out that the new system for laser hallmarking on gold jewelry is being prepared for use instead of the traditional method only to cope with the technological development in the industry.
The new system is also applied to know the origin of each gold piece and to record it on a database from its manufacture until its sale and transfer between customers. This process aims at tightening protection measures and preventing fraud.
Contributed by Omnia Ahmed