Ten years ago most jewellery retailers were only selling UK hallmarked product to UK consumers through traditional bricks and mortar retail outlets. With the exception of large multiples, most jewellery retailers were only sourcing UK hallmarked product from UK agents, wholesalers or buying groups.
A decade on and things have changed. E-commerce has opened up a European, and in some cases, an international market for UK retailers. E-commerce has also created a UK market for overseas retailers. More UK independents are now buying product directly from overseas manufacturers and importing it themselves. The growth of international jewellery brands that transcend traditional geographic retail boundaries have led to an evolution in jewellery logistics, distribution and hallmarking compliance.
When selling precious metal jewellery overseas, directly sourcing jewellery from overseas or selling jewellery across multiple countries, it is essential to understand your regulatory compliance obligations for each market. Failure to do so, in some cases, can result in product being seized at customs. Navigating the complexities of international hallmarking compliance can be daunting but it’s not as complicated as you may think.