What is the meaning of HUID in the Indian jewellery business and what is its importance?
HUID stands for Hallmark Unique Identification Number, which is a unique identification number assigned to each piece of jewellery that has been hallmarked by the Bureau of Indian Standards (BIS).
The BIS is a government body in India that verifies the purity of precious metals used in jewellery and provides a hallmark certificate to confirm its quality. The HUID is a part of this hallmark certificate, which ensures the authenticity and purity of the jewellery.
In the Indian jewellery business, HUID is very important as it provides assurance to customers about the quality and purity of the jewellery they are purchasing. It also helps to prevent the sale of counterfeit or fake jewellery. Additionally, HUID allows for easy traceability of the jewellery, making it easier to track in case of any disputes or legal issues.
Therefore, HUID plays a crucial role in maintaining the integrity of the Indian jewellery market and ensuring consumer confidence in the quality of the products they purchase.
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