Jewelry dealers will go on strike today against gold hallmarking

Jewelry merchants across the country celebrate a symbolic strike on August 23 against the “unregulated” implementation of the mandatory hallmarking of gold jewelery. All India Gems and Jewelery Domestic Council (GJC) gave this information on Friday. The strike is supported by over 350 associations and unions in the gems and jewelery industry in every part of the country. Gold jewelery hallmarking has been made compulsory since June 16. The government has identified 256 districts in 28 states and union territories for implementation of the first phase. Gold hallmarking is a certification of precious metal purity. So far this has been done voluntarily.

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Former GJC president Ashok Minawala said in a statement: “One day the symbolic strike is our peaceful protest against the unauthorized implementation of the HUID (Hallmark Unique Identification Number), which is impractical and impossible under the law. “The BIS thinks that the new HUID will improve the purity of the gold, but the jewelery retailers think it is just a tracking mechanism. About 2 lakh units per day. It will take 3-4 years to identify this year’s production at this speed. There will be stagnation of Yama, ”he said.

Prakash Kagrecha, president of Mumbai wholesale gold jewelery association, said that jewelers have welcomed the hallmarking and registration has increased from 34,000 to 88,000, which shows the commitment of the jewelery retailers towards consumers. According to the council, the business ends in fear of ‘Inspector Raj’ – which has already begun – with fines and criminal consequences – on jewelers who do not manufacture or hallmark jewelery and sell it as merchants. . .

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The business is said to be subject to strict provisions for cancellation of registration for a civil offense, where a blow by a BIS officer could cost the lives of millions of employees, artisans and their dependents. Despite the constant demand from the jewelery industry, the policy commission’s report on hallmarking should be treated as Rs when making the BIS Act, which has not been taken into account.

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