Jewellers urge extension of grace period of mandatory hallmarking of gold jewellery

The Art of Jewellery|June 2020

Jewellers urge extension of grace period of mandatory hallmarking of gold jewellery
The Centre, in November 2019 had announced that hallmarking of gold jewellery would be made mandatory across the country from January 15, 2021.

The government had given jewellers more than a year to shift to hallmarking and register themselves with the Bureau of Indian Standards (BIS), and they would be allowed to sell only hallmarked jewellery made of 14, 18 and 22-carat gold. The grace period of one year was granted through the Center’s order dated 15/1/2020 so the jewellers can either sell or melt their inventory which does not fit as per mandatory hallmarking laws. The period of one year was gracefully accepted by the industry.

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June 2020