• HOME
  • ABOUT US
  • NEWS
    • NEWS
    • GUEST ARTICLES
  • PUBLICATIONS
    • ENGLISH
      • LATEST ISSUE
      • ADVERTISE WITH US
      • SUBSCRIBE NOW
    • HINDI
      • LATEST ISSUE
      • ADVERTISE WITH US
      • SUBSCRIBE NOW
  • BUSINESS DELEGATIONS
  • DESIGN GALLERY
  • UPCOMING EXHIBITIONS
    • DOMESTIC
    • OVERSEAS
  • DIRECTORY
    • MANUFACTURER LIST
    • RETAILERS LIST
  • CONTACT US
 

Jewellers welcome government's move to further extend the deadline for mandatory hallmarking

29-07-2020   13:40 PM

Even as the gems and jewellery industry welcomed the government's decision to extend the compulsory hallmarking, jewellers feel it's not enough to liquidate the current stock and they need a minimum one-year time.

In view of the coronavirus pandemic, the government on Monday announced the extension of a deadline for mandatory hallmarking of gold jewellery and artefacts by over four months till June 1, 2021.

"We welcome this decision to give extension on mandatory hallmarking of gold jewellery and artefacts. However, we have been requesting for a one-year extension. Practically, there are no sales taking place and unless we sell, we cannot replace our stock with hallmark gold," All India Gem and Jewellery Domestic Council Chairman Anantha Padmanabhan told PTI.

He said the association, together with other jewellery bodies, will again make a representation to the government raising these concerns.

"By September we expect to replace 70-80 per cent of stocks with hallmark items. With sales going slow we need time, especially the small jewellers, of at least one year to replace all our stocks. We will approach the government again with a representation to extend the time in this regard to January 2022," he added.
Consumer Affairs Minister Ram Vilas Paswan on Monday told reporters that this decision was taken on the behest of jewellers, who had urged for extension.

"Jewellers had made a request to extend the time. We have extended the deadline from January 15 to June 1, 2021, in view of the disruption in the wake of the COVID-19 crisis," Paswan said.

Courtesy- The ET Retail

Share : 

DRI busts Myanmar-India gold smuggling network; gold worth Rs 28 cr seized, 8 held

22-01-2021   14:25 PM

In a major bust of the Myanmar-India gold smuggling network, the Delhi Zonal Unit of the Directorate of Revenue Intelligence (DRI) has seized 55.61 kg of foreign-origin gold valued at Rs 28 crores from eight p...

Read More

Rapaport Publishes 2020 Diamond Price Statistics Report

22-01-2021   14:20 PM

The Rapaport Group has released its Diamond Price Statistics Annual Report for 2020, evaluating the performance of polished-diamond prices. The report provides an in-depth analysis of the past year’s trends, a...

Read More

ANMOL embarks a new era with ‘Pulsating Diamonds’ Collection

22-01-2021   14:15 PM

ANMOL, renowned for its trendsetting designs, introduces the jewels of the Modern Era with ‘Pulsating Diamonds’ collection ~ An Ode to the scintillating beauty of Diamonds. Crafted with excellence, this contem...

Read More

Istanbul Jewelry Show eyes late-May dates after cancelling March event

22-01-2021   14:10 PM

Istanbul Jewelry Show has postponed its spring 2021 event for two months, in the hope of making a safer and more successful show for all involved when it takes place later in the year. Show organiser Informa...

Read More

On camera, Man in PPE steals gold worth ₹ 13 crore in Delhi

22-01-2021   14:5 PM

In a bizarre case of theft, a man wearing a personal protective equipment (PPE) kit sneaked into a jewellery showroom in Delhi and allegedly stole 25 kg of gold worth ₹ 13 crore, police said. He has been arres...

Read More

Gold Assaying-Hallmarking Centres: NGT Directs State Pollution Control Boards To Follow Guidelines Of CPCB

22-01-2021   14:0 PM

The National Green Tribunal (NGT) on Wednesday directed state pollution control boards to follow guidelines issued by Central Pollution Control Board (CPCB) for implementation of Gold Assaying and Hallmarking...

Read More

Live Spot Gold

GOLD PRICE

Design Gallery

Videos

View More Videos
GJS - Virtual T. .
AOJ Exclusive I. .
Auspicious Aksh. .
AOJ Exclusive i. .

UPCOMING EXHIBITIONS - DOMESTIC

Jaipur Jewellery Show

December 19-22-2020 | Jaipur

View More Domestic Events

UPCOMING EXHIBITIONS - OVERSEAS

Baselworld

January 28-2-2021 | Basel, Switzerland

View More Overseas Events

FOLLOW US ON
December 2020  English Edition
Subscribe Now Print Edition
Subscribe Now Digital Edition
January 2020  Hindi  Edition
Subscribe Now Print Edition
Subscribe Now Digital Edition

© 2016 AOJ Media Pvt Ltd - All Rights Reserved. | Developed by Creed Global Tech.    T & C   Privacy Policy 

Top
Close