Shiv Narayan Jewellers is thrilled to announce the debut of its latest masterpiece, the Niva Necklace—a testament to unparalleled luxury and exquisite craftsmanship in the world of high-end jewellery

The yellow metal price is hovering at Rs 63,060 per 10 grams on the commodity stock exchange MCX and around $2,058 an ounce in the international market at a time the rupee is trading above 83 against the dollar

This campaign embraces the essence of reunion, emphasizing the significance of family bonds

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

The government had made hallmarking mandatory from June 23 in 256 districts

Mandatory hallmarking, final call to be made on June 14 after high level discussion between jewellers’ representatives and BIS officials
 

The Government of India is making hallmarking (certification of purity) of gold jewellery mandatory from 15 June 2021. Among the many difficulties that jewellery business owners are facing in hallmarking their products major ones include: HUID and its impracticalities, dearth of assaying and hallmarking centres in India and heritage jewellery issues when it comes to hallmarking

Mandatory hallmarking promises to bring transparency in the system and awards value for money to the ultimate consumer. The process however is far from simple

BIS allows only gold articles of 14k, 18k and 22k for mandatory hallmarking; excludes other popular karatages(Purities) used in India and abroad

The Indian jewellery manufacturing fraternity is resilient and amidst a surge in Covid 19 cases in some states, lack of skilled artisans, liquidity issues and economic downturn, they are ploughing through the crisis to meet the ongoing festive and wedding demand

Jadau jewellery is not easy to manufacture – from specialist karigars to expensive uncut diamonds and top of the line precious stones and comparatively large amount of gold – it needs all of it apart from time and expertise; streamlining all these factors of production during the pandemic is no mean feat. Manufacturers share their experience

The rupee plunged 20 paise and settled below 75 per U.S. dollar level on August 3, tracking negative domestic equities and strengthening American currency

A similar price hike was witnessed in November 2016, when demonetisation was announced and people rushed to buy gold, using old currency notes

This decision proceeds from a spate of complaints on impure 24 carat bars being received by jewellery makers from states like Delhi, UP, MP and Maharashtra