Latest update April 7th, 2026 12:30 AM
Authorities to impose compulsory standards on jewelers
“From henceforth the gold jewelers and retailers of gold jewelry would be under a legal obligation to make
available to purchasers of their products, information about their standards. This is now compulsory and is being applied by the investigators of the Bureau of standards.”
This is according to Head of the Presidential Secretariat (HPS) Dr. Roger Luncheon as he was updating the media during a post Cabinet press briefing at the office of the President.
Luncheon outlined that in 2010 the specifications of gold sale in the jewelry sector was adopted by Guyana as part of a CARICOM (Caribbean Community) initiative but was only established and outlined as voluntary. “There was no compulsion in essence on the jewelers and those who worked with gold for ornamental purposes to abide or adopt these standards of 2010.”
Those standards he said had a lot to do with the karat, “that’s the amount of gold in a specimen, and it also had to do with alloys that had to be used to make the gold utensils …more malleable for the purposes of the design of the article.”
The HPS said that Cabinet met on July 8 and received a presentation by the Minister of Housing and Water/ Tourism Irfaan Ali on the status of the gold standard from 2010 to now.
Luncheon said that Ali “indicated that after a series of consultations and engagements with stakeholders in the retail gold sector, there was an understanding reached based on which Cabinet made those standards absolute.”
What that means according to Luncheon is that from hence forth the producers and retailers of gold jewelry would be “obligated to adopt these standards, a major feature of which is the provision to the purchaser of information that deals, as I said, with the karat content of the material and the alloys used in perfecting the structure of the utensil.”
Discover more from Kaieteur News
Subscribe to get the latest posts sent to your email.