Various government boards in London that supervises jewellery Business

The jewellery business across the globe is not only a popular business but also a lucrative one. Thousands of people buy various kinds of jewellery items. Every year generating huge profits for these businesses. The jewellery industry is enormous and involves the mining of precious metals, their processing and hallmarking. However, very often we have witnessed these industries fall prey to frauds and scams. Where people have managed to cheat the trusting customers causing a huge dent in the reputation  jewellery business honestly. These instances make it necessary to have a governing body for the jewellery business. So that the stakeholders associated with it can conduct business in the right way in a fearless environment.Look at the Various government boards in London that supervises jewellery Business.

World Gold Council

However, the World Gold Council is a non-profit alliance linked to the world’s leading gold operations and was created to promote the popularity and use of gold. Its headquarters are in Geneva. Where the council is set up through a network of offices, which are essentially the main centers for meeting demand for gold around the world. In addition, its promotion measures cover markets, which account for about three quarters of the world’s annual gold spending.

There are various boards and councils that supervise the jewellery business in London. They are not only present to protect the dealers and customers from frauds and scams. But also to ensure that they carry out their business adhering to certain principles which is not just beneficial for them. But also beneficial to their customers. The rules and regulations set by these bodies ensure that quality materials are being sold to the customers resulting in the strengthening of customer trust and loyalty. They set certain standards for the metals and stones used in jewellery which has to be adhered to by all jewellers at all times. Listed below are some of the bodies governing the jewellery trade in London.

Responsible Jewellery Council

One of the world’s largest council that regulates not just the jewellery industry. But also the watch industry, the Responsible Jewellery Council sets standards which ensure the trust of the customers. They strongly believe that carrying out business responsibly is the only way to do good business and grow exponentially. The members strive to maintain the standards set by this body in order to ensure a fair business. It will  increase customer satisfaction. When you are buying engagement ring London is a must visit place which has streets lined with diamond jewellery companies associated with this body.

National Association of Jewellers:

Established in 2015, the National Association of Jewellers was the result of a merger between the British Jewellers Association and The National Association of Goldsmiths. This body also promotes customer confidence by enforcing a strict code of conduct for every individual associated with jewellery business. This encourages ethical trade practices and professionalism in the members of this body. If you are looking to buy original jewellery items, then make sure to purchase them from a business which is a member of this body such as the Hatton Garden Jewellers London.

Natural Diamond Council:

The advancement of technology has led to an increase in the number of fake diamonds in the market. When it comes to diamonds, it is very easy to get cheated. The Natural Diamond Council ensures that only original diamonds are sold by its members who are bound by their standards. It communicates their inherent value and authenticity. They make sure that the diamond has been mined ethically according to the environmental standards and provide accurate information regarding the diamond in your jewellery.

The Goldsmiths’ Company:

The Goldsmiths’ is one the oldest companies responsible for maintaining the integrity and standard of the gold and silver trade. They work to promote the precious metal and jewellery trade not just by ensuring the quality of the jewellery items. But also ensuring the welfare of the people associated with it. They play a crucial role in inspecting precious metals and hallmarking them.

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