Training in diamond valuation is key for artisanal miners

Ian Rowe, the Executive Director of the Diamond Development Initiative (DDI) was appointed in September 2019, having joined DDI as Deputy Executive Director a year earlier. Ian managed field operations in Sierra Leone within this role and led...

02 december 2019

Kangalassi 2.0: Raising the living standards, creating new jobs

At the V Eastern Economic Forum (EEF) held in early September in Vladivostok, the Yakut company SAYBM signed a tripartite agreement with two agencies - the Far Eastern agency and the regional one - for attracting investments and providing export...

25 november 2019

We live in a new dimension of environmental responsibility carried by business

In mid-October, Moscow hosted the VIII Ecological Forum attended by representatives from the State, large industrial companies, scientific and public organizations. The forum delegates discussed the issues related to finding a balance between the socio-economic...

18 november 2019

De Beers’ GemFair delivering ‘positive impacts’ to ASM sector in Sierra Leone – David Johnson

GemFair, a pilot project developed by De Beers to create a secure and transparent route to market ethically sourced artisanal and small-scale mined (ASM) diamonds, is already delivering “important positive impacts” in Sierra Leone. Group head...

11 november 2019

Belgian-quality diamond boiling in Dubai from TRIGEM

Born in New York, David Zabinsky is CEO & Co-Founder of TRIGEM, an independent diamond service provider in Dubai. Before TRIGEM, David was Manager at Ras Al Khaimah Economic Zone, where he was responsible for securing North and South American investment...

05 november 2019

GOI: ‘Hallmark' tag must for jewellers to sell gold, exemption for export items

08 august 2019
The Government of India’s consumer affairs ministry has issued a draft notification with the proposal to go for control order for sale of all gold items that are more than two grams and are meant for domestic consumption. Though the ministry had been keen to roll out this proposed mandatory norm, it could not be implemented so far due to various reasons.


                       Image credit: History of Geo

Soon, only registered jewellers will be allowed to sell gold jewellery and artefacts and they can further sell the precious metal only with “hallmark” tag from the Bureau of Indian Standards. Hallmark is a purity certification for gold items.
The draft notification specifies that the new norm will make it compulsory for retail outlets to get certification and get all gold products hallmarked before selling them. “These shall be sold only by registered jewellers through certified sales outlets after fulfilling conditions for precious article of gold names gold jewellery and gold artefacts,” the draft proposal says.
Officials said the order would be issued soon after considering the suggestions and objections from the stakeholders. “Only items that are less than two gram, meant for export, to be used for medical, dental or industrial purpose and gold bullion in shape of bar, plate, sheet or foil would be exempted from getting the hallmark.”
The hallmarking is important as people buy gold items believing this as a secure investment or savings.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished