BIS Makes Silver Jewellery Hallmarking Mandatory from September; Gold Regulations Expanded
The Bureau of Indian Standards (BIS) has announced that hallmarking of silver jewellery will become mandatory starting September 1, marking a significant expansion of quality controls in India's precious metals market.
Gold jewellery hallmarking now mandatory in 343 districts
The move is aimed at ensuring the quality and purity of gold jewellery and protecting the interests of consumers
Jewellers are requesting a three-month extension to the mandatory hallmarking deadline
Around 20-25 percent of the industry's inventory still needs to be HUID hallmarked.
1 crore pieces of jewellery hallmarked with HUID last month
Consumers can view the details of hallmarked jewellery, such as type of jewellery, purity, name of AHC, name of the jeweller, date of hallmarking, through the BIS Care app
BIS-registered jewellers triple due to mandatory hallmarking
The ripple effects of mandatory hallmarking are already being felt by the retail industry as the move has boosted consumer confidence in gold
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
Gold trade Hallmarking will boost consumer confidence: MP Ahammed
Placing greater onus on transparency and accountability, the initiative will greatly reduce instances of consumer victimisation and cheating at the hands of fraudulent players who indulge in malpractices
P. N. Gadgil Jewellers bags back-to-back awards at National Awards for Marketing Excellence 2015
P.N. Gadgil Jewellers won awards under the three categories like 'Emerging Brand Award', 'Brand Revitalization Award' and, 'Award for Marketing Excellence in Gems & Jewellery Sector'.
Second precious metals-backed fund announced
Follows Zurich Cantonal Bank's ETF for platinum, palladium and silver
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