Business Standard

As mandatory gold hallmarking kicks in, manufacturers push for exemption

Hallmarking will be done at the first point of sale, maintains BIS chief

Jewellery
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According to the World Gold Council (WGC) data, there are around 400,000 jewellers in the country and only 40,000 of them are registered with BIS

Rajesh Bhayani Mumbai
There was anxiety in Zaveri Bazaar here after the first phase of the mandatory hallmarking of gold jewellery kicked off on Wednesday in 256 districts as the new rule is also applicable to manufacturers and wholesalers of jewellery.

A mid-size ornament maker in Sewri — the jewellery manufacturing hub in central Mumbai — said that there is now a rush to get registered with the Bureau of Indian Standards. ''We manufacture jewellery on behalf of big stores which sell hallmarked jewellery under their brands. Now, we will have to get jewellery hallmarked on their behalf but the government’s press note doesn’t

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