GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

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