Mira Road jewellery shop faces scrutiny for violating hallmarking regulations by selling non-compliant gold jewellery

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.

The new BIS will strengthen the gold jewellery trade and provide boost to the gold jewellery exports from India

The Nagpur Bench of Bombay High Court passed an interim order on 7th May, 2021, to stop Bureau of Indian Standards (BIS) from taking any coercive action against jewellers who may not comply with BIS mandatory hallmarking regulations 
 

Mandatory Hallmarking for a Better Industry

Policy changes last year created a lot of upheavals in the Indian gems and jewellery
industry. A good medicine tastes bitter; likewise, the policies may have caused
a short-term mayhem in the industry, however, the gradual transition with GST is
meant to do good in the long term. It’s definitely a move towards more transparent
and organized way of doing business. By Kavita Parab

The collection takes its inspiration from the ancient citadels, hand painted tiles, brilliant red roses, majestic toreros and uninhibited passion of carnival revelers.