High Value and Luxury Assets
Request a callback
Beautiful jewellery and watches never date. It can sometimes take considerable effort and money to find that perfect piece. However, whether you are a jewellery store owner or a private buyer, you need to be aware of the requirements under the Hallmarking Act 1973 to ensure you are aware of your rights and the trading standards required in the United Kingdom.
A hallmark is series of three compulsory marks located on items of precious metal. The Hallmarks Act 1973 states that a hallmark must provide the following information:
You cannot describe articles as totally or partly manufactured from gold, silver, Platinum or Palladium unless they carry a hallmark. Counterfeiting a hallmark is an offence under the Act and can result in a fine and/or incarceration.
At Saracens Solicitors, our commercial solicitors can assist you in understanding your obligations as a seller under the Hallmarking Act 1973. If you have found yourself victim to a counterfeit, we can take the necessary action both here in the UK and internationally to ensure your rights and financial interests are protected.
The Vienna Convention on the Control and Marking of Precious Metals is an international treaty between Contracting States, which aims at facilitating the cross-border trade of precious metal articles. Since its inception in 1975, the treaty has done much to harmonise the international standards of hallmarking, which in turn protects individuals who invest in articles made from precious metals.
There are currently 19 contracting states, including the UK.
If you invest in fine jewellery then our firm can provide you with the legal advice you need to ensure the articles you purchase are genuine and meet both UK and international requirements.
To find out more contact us today on 020 3588 3500 or request a callback and we will be in touch in a manner that suits you.
For budding entrepreneurs there has never been a better time in history to start your own internet business. The miracle of the internet allows those with the necessary courage, work-ethic and gumption, to set up shop without the crippling costs of finding, stocking and financing a physical premises. But the online revolution has offered start-up businesses much more than just removing the need for expensive premises. Some of the many advantages of owning and operating an internet based business include: Low start up costs. Depending on the type of online business you plan to operate, initial costs can start from as little as a few hundred pounds (the cost of […]Read more
Raising the Roof – Forfeiture of a Commercial Lease | Litigation Imagine you are a tenant of a commercial property. Business may be slow and you have fallen behind on your rent, but you know things will eventually pick up and you will settle your arrears. You leave the premises unattended for a period of time to try and find a way to remedy the situation, only to return and find your landlord has changed the locks and effectively evicted you from your livelihood. Surely they cannot take such drastic action against rent arrears, can they?Read more
Property Development | The Secrets to Safeguarding Your Investment (Part I) Property development….the words conjure up ideas of multi-million pound profits, high-rolling lifestyles and smart, savvy people who can envisage a stunning office block emerging from a derelict row of terrace houses. Whilst the potential returns can be healthy, the risks of such investment are not for the faint of heart. To safeguard your investment you need sound, solid advice to ensure the necessary precautions are taken. Over the coming weeks and months we will be posting a series of articles detailing the considerations one should have when embarking on a property development venture. They are aimed at those with […]Read more