Editor’s Note
The recent release of the “Specification for Gold Trade-in Business Services” marks a significant step toward standardizing this sector. This new group standard establishes clear requirements for enterprises, personnel, and operations, aiming to foster a more professional and transparent market environment for consumers.
The group standard “Specification for Gold Trade-in Business Services” has been officially released recently. This standard provides comprehensive regulations for gold trade-in businesses, covering aspects such as enterprise qualifications and management, service personnel, and venue/equipment requirements. Its introduction signifies that the gold trade-in business will enter a new stage of standardized, professional, and transparent development.
The standard clearly stipulates that enterprises engaged in gold trade-in must possess legal qualifications, pay taxes according to law, and fulfill anti-money laundering obligations. Employees must pass professional training before taking up their posts. The gold inspection process must implement a “full-process monitoring + customer presence” system. Destructive testing requires prior consumer consent, and test results must truthfully issue certificates containing information such as gold content, weight, loss, and discounted amount. During consultation, information such as the acceptance criteria for old gold, service procedures, and fee items must be proactively disclosed.
Gold trade-in is an important form of gold and jewelry consumption in China. In the current high gold price market environment, demand for trade-in services from both businesses and consumers has surged. However, due to a long-term lack of unified industry standards, issues such as ambiguous pricing, non-transparent gold inspection, and inconsistent loss standards have existed.
Liu Yanhong, a member of the National Gold Standardization Technical Committee, stated that the standard aims to establish a multi-governance system of “policy guidance + standard constraints + corporate self-discipline + consumer supervision.”
In the next phase, the China Gold Association will promote the implementation of the standard, conduct publicity and training, continuously improve the industry governance system, and drive a multi-win situation where enterprises operate compliantly, consumers shop with confidence, and the industry develops healthily.
