The Goldsmiths' Company is one of the livery companies of the City of London, established in 1327. It plays a vital role in the regulation of the gold and silver trade in the UK, ensuring the quality and authenticity of precious metals. The company is also responsible for hallmarking, which is the process of marking items made of precious metals to guarantee their purity. In addition to its regulatory functions, the Goldsmiths' Company supports the craft of goldsmithing through education and training initiatives. It also engages in charitable activities, promoting arts and crafts, and providing scholarships to students in related fields. The company is a key player in preserving the heritage of British craftsmanship and jewelry making.