India Bullion & Jewellers Association Calls for Self-Hallmarking of Silver Jewellery
The India Bullion & Jewellers Association (IBJA) has urged the Bureau of Indian Standards (BIS) to implement mandatory self-hallmarking for silver products by jewellers, rather than relying on external hallmarking agencies.
Gold Hallmarking Initiative Sees Significant Growth in 2024, Boosting Consumer Confidence: Department of Consumer Affairs
The Department of Consumer Affairs (DCA) has marked 2024 as a milestone year for its gold hallmarking initiative, reporting significant progress in ensuring the authenticity and quality of gold jewellery across India
Government of India Expands Mandatory Hallmarking to Additional 55 Districts In Third Phase
The Indian Government has rolled out the third phase of mandatory hallmarking in its ongoing endeavour to ensure the authenticity and purity of gold jewellery and artefacts. Effective as of 8th September, 2023, this development aims to cover an additional 55 districts under the hallmarking system
Malabar Gold Embraces Centre's New Hallmarking Regulations for Gold Sales
Malabar Gold & Diamonds has welcomed Union Ministry of Consumer Affairs's decision not to allow sale of gold ornaments without the six-digit alphanumeric HUID (hallmark unique identification) number from April 1, 2023.
Jewellers are requesting a three-month extension to the mandatory hallmarking deadline
Around 20-25 percent of the industry's inventory still needs to be HUID hallmarked.
The sale of gold jewellery and gold artefacts that lack their hallmark will no longer be permitted starting April 1
Gold sold in the market will have to be hallmarked with only a six-digit alphanumeric HUID, a union identification number.
More than 17 crore pieces of gold jewellery hallmarked by Assaying & Hallmarking Centres in 1.5 years
Hallmarking had been made mandatory from 23 June 2021 only in 256 districts of the Country which had at least one recognized Assaying & Hallmarking Centre
Phase II of Hallmarking to be Implemented from June 1, 2022: GOI
Earlier exempted forms of gold jewellery like Kundan, Polki, Jadau proposed to be hallmarked
Second phase of gold hallmarking to start from June 1
The second phase of the mandatory hallmarking will cover additional three caratages of gold jewellery/artefacts such as 20, 23 and 24 carats, as mentioned in the Indian Standard IS 1417
BIS-recognized AHCs to test un-hallmarked jewellery of consumers
BIS has now made provision to allow a common consumer to get the purity of their un-hallmarked gold jewellery tested at any of the BIS recognized Assaying and Hallmarking Centres
BIS-registered jewellers triple due to mandatory hallmarking
The ripple effects of mandatory hallmarking are already being felt by the retail industry as the move has boosted consumer confidence in gold
Physical gold demand in India subdued this week
Dealers were charging a premium of up to $2 an ounce over official domestic prices, inclusive of 10.75% import and 3% sales levies, compared to last week's $3 premiums
Jewellers go on strike against new hallmarking rules
Jewellers say hallmarking should be based on POS, and all other applications of storage, display, transit, and so forth, except sale, should be removed from the BIS Act
Union Minister Rajnath Singh meets G&J industry delegates regarding hallmarking
The industry players plan to meet Piyush Goyal soon in order to further discuss the matter
National Task Committee set up to address concerns regarding hallmarking
Retail jewellery players are up in arms against the new hallmarking rules, which they consider unjust and arbitrary
