Indian gold jewellers seek two-year extension on hallmarking regulation

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Indian gold jewellers are stuck between a rock and a hard place due to a compulsory hallmarking regulation that is set to take effect from January 15 next year, according to traders. The regulation will mean that jewellers will have to liquidate at least 300 tons of gold by the deadline and replace them with fresh […]

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Hallmarking for gold jewellery mandatory from January 15, 2021

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In a bid to further protect the jewellery buyers from buying inferior quality ornaments, the Narendra Modi-led NDA government has decided to make BIS hallmarking mandatory for gold jewellery from January 15, 2021. According to Union Minister of Consumer Affairs Ram Vilas Paswan, the move would ensure that the consumers don’t get cheated into buying […]

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Indian banks revise financing norms for gems and jewellery exporters

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Gem and jewellery exporters might see better news when the next financial year’s assessments for financing them are finalised. In the year since the Nirav Modi fraud came to light, all banks having tightened their financing to the sector. Many exporters had their lending limits cut. The Gem & Jewellery Export Promotion Council, been able to convince State Bank […]

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World Gold Council and MMTC-PAMP launch India’s first ‘Precious Metals Assay and Training Institute’

The World Gold Council and MMTC-PAMP India Pvt. Ltd. have jointly launched the ‘Precious Metals Assay and Training Institute’ (PMATI) to develop a new generation of skilled assayers. The initiative is a world class training facility that will establish assaying as a certified qualification and career in India, and will directly enhance the integrity of gold […]

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