Hallmarking could be scrapped in red tape review

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Government asks industry for feedback as part of Red Tape Challenge.

Hallmarking has been caught up in the Government’s review of red tape and it is currently asking whether the practice that identifies precious metals should “be scrapped altogether”.

As part of a focus on the retail industry, the Red Tape Challenge review, which aims to cut down the amount of regulations that businesses have to adhere to, is focusing on hallmarking and whether it is necessary. It is asking for feedback from the public on whether hallmarking should be scrapped, can be merged with existing regulations, can be simplified, how it can be made better or whether hallmarking regulations should be left as they are.

Members of the trade have already started to get involved with most asking for hallmarking to be left alone or to be tweaked slightly.

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F Hinds director Andrew Hinds is one of the first to have commented on the site. He said: “There may well be scope for simplification. However, this [is] one of the regulations we have to work under which we strongly favour as we believe that the amount of due diligence work we would have to undertake in their absence would be a significantly greater burden than the current situation.”

All views must be made known by May 5 and the Birmingham Assay Office is warning that if the trade fails to make a case for hallmarking then it could be scrapped by default.

Birmingham Assay Office chief executive Michael Allchin said: “The message from the Government appears to be that every regulation highlighted will be abolished – unless visitors to the website express sufficient good reasons to convince ministers that this particular regulation must be kept. We believe it is imperative to the British consumer for the current and future UK jewellery industry to maintain hallmarking as a statutory independent service.”

You can give the Government your views by visiting redtapechallenge.cabinetoffice.gov.uk/hallmarking, where you will be asked to write a comment containing your views.
 

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