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The Netherlands’ Ministry of Economic Affairs is consulting the public on the release of the Draft of the Act Setting Out Rules on the Assaying of Precious Metal Objects (2018/495/NL).

This draft act sets the rules on the assaying of precious metal objects.

  • Precious metals should be assayed by authorized assay offices before it can be placed on the market in the Netherlands. All applicable provisions relating to this obligation as well as on the proper application of marks are discussed in Chapter 2.
  • All precious metals placed in the market in the Netherlands should bear at least the minimum fineness value. The lowest fineness value guaranteed by a hallmark should be:
    • for platinum articles: 850 ppt
    • for gold articles: 585 ppt
    • for silver articles: 800 ppt
  • All provisions specific to marks application are to be found in Section 2.3 of Chapter 2. These requirements may cover the registration of the approved marks in the responsibility mark register, rules of use of the approved marks, etc. The mark should be applied by punching or laser or another method permitted in or by Section 5.2 of Annex II to the Convention.
  • Articles that comprise different precious metal components, each of these components will, if possible, be hallmarked separately.
  • Chapter 2 Section 2.4 explains the provisions on assays in general and the fineness test.
  • Palladium articles, articles with a gold content of less than 585 ppt and greater than or equal to 375 ppt and, contrary to Articles 2 and paragraphs 2.3 and 2.4, platinum, gold and silver articles should be assayed pursuant to the provisions in or by Chapter 3. The provisions of Section 2.2 of Annex II to the Convention should also apply.
  • Articles 19, 20, 21, 22, 23, 24 and 25 shall apply to the fineness test for platinum, gold and silver articles and shall apply accordingly to the fineness test for palladium articles and articles with a gold content of less than 585 ppt and greater than or equal to 375 ppt.
  • An article that has been determined to have a fineness value as per Article 27 and that meets the requirements in Annex I to the Convention shall receive the hallmark specified in Section 5.5 of Annex II to the Convention for the fineness value in question, pursuant to the provisions in or by the Convention.
  • Articles 9 to 11 shall apply to the application of marks on platinum, gold and silver articles and shall apply accordingly to the application of marks on palladium articles and articles with a gold content of less than 585 ppt and greater than or equal to 375 ppt.
  • Traders should not use the words ‘precious metal’, ‘platinum’, ‘gold’ or ‘silver’ in a manner which may mislead the consumers.
  • The necessary data and information should be kept for inspection.
  • A document containing and showing the hallmarks referred to in Articles 7(4) and 29(1), should be made available to the public along with its corresponding explanations.

The proposal is open for public consultation until December 31, 2018.

 

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