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Montenegro Sees Rise in Hallmarking Requests for Precious Metals

The Montenegro Institute of Metrology reported a significant engagement in its precious metal assaying and hallmarking services last year, with a total of 237 requests processed. 

According to the Institute’s representatives, the year saw approximately 100 kilograms of gold, 232 kilograms of silver, and around 1.3 kilograms of platinum items stamped.

In the rigorous testing and hallmarking procedures, the Institute issued 24 decrees of hallmarking denial, primarily due to the absence of requisite markings. These included the fineness mark, the maker’s and importer’s marks, and the ‘METAL’ mark on parts made of non-precious metal.

Notably, the Institute’s registry includes 194 importers and 48 manufacturers of precious metal items. Last year, six manufacturers renewed their registrations, affirming their compliance with production standards in terms of equipment and workspace for crafting precious metal items.

Furthermore, the Institute verified over 37,000 measuring instruments in the past year, with water meters (21,500) and electricity meters (nearly 8,000) being the most common.

The Montenegro Institute of Metrology also plays a crucial role as a participant in projects under the Instrument for Pre-accession Assistance (IPA) program, executed by the Delegation of the European Union to Montenegro. This involvement underscores the Institute’s commitment to aligning with European standards, reflecting Montenegro’s broader integration efforts with the EU.

The Montenegro Institute of Metrology reported a significant engagement in its precious metal assaying and hallmarking services last year, with a total of 237 requests processed. 

According to the Institute’s representatives, the year saw approximately 100 kilograms of gold, 232 kilograms of silver, and around 1.3 kilograms of platinum items stamped.

In the rigorous testing and hallmarking procedures, the Institute issued 24 decrees of hallmarking denial, primarily due to the absence of requisite markings. These included the fineness mark, the maker’s and importer’s marks, and the ‘METAL’ mark on parts made of non-precious metal.

Notably, the Institute’s registry includes 194 importers and 48 manufacturers of precious metal items. Last year, six manufacturers renewed their registrations, affirming their compliance with production standards in terms of equipment and workspace for crafting precious metal items.

Furthermore, the Institute verified over 37,000 measuring instruments in the past year, with water meters (21,500) and electricity meters (nearly 8,000) being the most common.

The Montenegro Institute of Metrology also plays a crucial role as a participant in projects under the Instrument for Pre-accession Assistance (IPA) program, executed by the Delegation of the European Union to Montenegro. This involvement underscores the Institute’s commitment to aligning with European standards, reflecting Montenegro’s broader integration efforts with the EU.

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