Vidita Kochar of Jewelbox on the big terminology debate involving LGDs
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.
Government allows sale of declared, hallmarked gold ornaments until June 30.
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.
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.
Mandatory Gold Jewellery Hallmarking To Implementation Postponed To June 15
Speaking at a webinar organised by the Bureau of Indian Standards, Department of Consumer Affairs, Government of India, to discuss gold hallmarking, the Union Minister said that constructive suggestions will be incorporated and teething issues in implementation would be resolved by the committee
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