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.

In a major consumer protection move, the Indian government has extended its hallmarking mandate to cover 9-karat gold jewellery, effective July 2025. Previously, hallmarking requirements only applied to gold pieces of 14K, 18K, and 22K standard.

India’s gems and jewellery sector is on the cusp of transformative growth, with a projected market value of $128 billion by 2029, according to a new report by 1Lattice titled Glimmers of Growth

The skyrocketing price of gold is a matter of concern to the entire gold industry, but even more so for India, which is one of the largest consumers of gold worldwide. Driven by multiple factors, chiefly global economic uncertainties, inflation concerns, and a strong investment demand, these price movements have significant implications for retailers, consumers, and investors in India. In a conversation with Suneeta Kaul, Sachin Jain, Regional CEO, India, World Gold Council, dwells on the impact of high prices, the move towards organized retail in the country, the rising trend of digital gold investment, and more

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

Shares of Motisons Jewellers surged to a new high of Rs 287.85 on the BSE, marking a 12% increase in intraday trading ahead of a board meeting scheduled for September 19, 2024, to consider a stock split

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

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

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

The World Gold Council has announced that Somasundaram PR, Regional CEO, India, will step down from his current position next year when his successor has been appointed.

Sustained high gold prices are likely to hike revenues of organised gold jewellery retailers by 16-18 per cent this fiscal, a report said on Thursday

The surge in gold prices is anticipated to have a dampening effect on the demand for gold jewellery, leading to minimal volume growth for organised gold jewellery retailers in the fiscal year 2023-24 (FY24).

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

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