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.

The proposed move of the Government of India to label LGDs as “synthetic” has caused a furore, with the LGD segment saying this would not only be unfair, it would greatly damage the credibility of a sector that produces and retails grown diamonds, which are identical to mined diamonds. Suneeta Kaul speaks with Vidita Kochar of Jewelbox, a prominent LGD player, to understand the ramifications of such a proposal.

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

In a significant policy shift aimed at addressing both consumer demand and safety concerns, the Indian government is set to make hallmarking of 9-karat (KT) gold jewellery mandatory

India’s First Mega CFC for the Gems and Jewellery Industry at SEEPZ dedicated to the Nation

The 16th edition of IIJS Signature 2024 was inaugurated on January 4 in the presence of several luminaries from the gems and jewellery industry and chief guest Piyush Goyal, the Minister for Commerce & Industry, Consumer Affairs, Food & Public Distribution, and Textiles, Govt. of India

Government of Maharashtra’s Minister of Industries Uday Samant will be present along with Maharashtra Chief Minister Eknath Shinde

The move is aimed at ensuring the quality and purity of gold jewellery and protecting the interests of consumers

The compulsory hallmarking of gold bullion is not going to become mandatory from July 1 as the Centre has only begun consultations with stakeholders.

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.

On Friday, the Department of Consumer Affairs issued an order titled "Hallmarking of Gold Jewellery and Gold Artefacts (Second Amendment) Order, 2023," which has been endorsed by Nidhi Khare, the Additional Secretary of the Department of Consumer Affairs.

Around 20-25 percent of the industry's inventory still needs to be HUID hallmarked.

Gold sold in the market will have to be hallmarked with only a six-digit alphanumeric HUID, a union identification number.

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