TIL Desk/Business/New Delhi/The central government is finalising the rules on compulsory making hallmarking of jewellery. Hallmarking centres will be doing so for 14, 18 & 22-carat jewellery. For coins and bars, self-certification by refineries will be permitted. The industry has already started making noises on several proposals.
India Bullion and Jewellers Association (IBJA) has said: “Self-certification of coins by refineries contravenes the basic purpose of a certifying agency. “Self-certification without any third party intervention can be risky and refiners can misuse it.”
Surendra Mehta, national secretary, IBJA, said: “Coins from 0.1g to 100g must be hallmarked by approved centres.” Sources say the government will allow refineries to self-certify hallmarking of coins because they will also have to take Bureau of Indian Standards registration and work is on to ensure they follow the global best practises about good delivery and so on.
