Sign In

Delhi News Daily

  • Home
  • Fashion
  • Business
  • World News
  • Technology
  • Sports
  • Politics
  • Lifestyle
  • Entertainment
Reading: As gold hallmarking charges rise, fraudsters get busy too – Delhi News Daily
Share

Delhi News Daily

Font ResizerAa
Search
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Delhi News Daily > Blog > Fashion > As gold hallmarking charges rise, fraudsters get busy too – Delhi News Daily
Fashion

As gold hallmarking charges rise, fraudsters get busy too – Delhi News Daily

delhinewsdaily
Last updated: October 2, 2026 4:12 pm
delhinewsdaily
Share
SHARE


Contents
Join the community of 2M+ industry professionals.Subscribe to Newsletter to get latest insights & analysis in your inbox.All about ETRetail industry right on your smartphone!

Kolkata: The rising charges of gold hallmarking are fuelling concern that it may drive unscrupulous jewellers to use fake stamps, particularly in tier-2, 3 and 4 cities where consumer awareness remains low.

Hallmarking charges are paid by consumers when they buy jewellery. However, awareness that the Hallmark Unique Identification (HUID) number can be cross-checked on the Bureau of Indian Standards‘ Care mobile application remains low among buyers.

Rajesh Rokde, chairman of All-India Gem and Jewellery Domestic Council (GJC), said only about 10% of the country’s 800 districts have adequate awareness of the BIS app, leaving consumers vulnerable as fraudsters find increasingly sophisticated ways to replicate hallmarking safeguards, including photographs.

GJC has raised the issue with consumer affairs minister Pralhad Joshi and the BIS, seeking restoration of the earlier ₹45-per-article rate from the current ₹75. The latest revision represents a 66.67% increase and, the council said, adds a significant compliance burden across a mandatory system.

The industry body has questioned whether the higher cost is matched by a corresponding improvement in consumer protection. Government data cited by GJC shows that recognised assaying and hallmarking centres (AHCs) increased to 1,577 in July 2026 from 1,220 in July 2022, while cumulative gold articles hallmarked with HUID rose to more than 650 million.

The scale of activity has also expanded substantially. In 2025-26, 132.2 million jewellery articles were hallmarked. At the revised rate, the council estimates the additional cost to the ecosystem at around ₹400 crore, besides roughly ₹80 crore in GST. GJC has sought a detailed cost assessment from BIS, including the additional equipment, manpower, processing and storage costs behind the revised rate. It has also questioned the incremental cost associated with mandatory photography, arguing that photographs can potentially be replicated or manipulated by fraudsters.

The council said hallmarking turnaround time has increased from six hours earlier to 24-36 hours, locking up jewellers’ working capital and increasing financing costs.

  • Published On Oct 1, 2026 at 07:28 AM IST

Join the community of 2M+ industry professionals.

Subscribe to Newsletter to get latest insights & analysis in your inbox.

All about ETRetail industry right on your smartphone!






Source link

Share This Article
Twitter Email Copy Link Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Florida students are turning damaged metal signposts into tiny underwater habitats for fish and marine life – Delhi News Daily
Next Article Nothing Deals Revealed for Phone 4 Series, CMF Buds Lineup, More Ahead of Flipkart Nothing Reveals Flipkart Big Billion Days Deals for Phone 4 Series, CMF Buds Lineup, More – Delhi News Daily
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • In 2021, a South Carolina couple started an HVAC company with $2,000 after losing their jobs; five years later, they say the business is on track to generate more than $8 million in annual revenue – Delhi News Daily
  • 15,410% rally in 5 years! Multibagger Cupid shares jump 3% to hit fresh 52-week high – Delhi News Daily
  • Bigg Boss 20 Episode 34 OTT Release Time Today: New Captaincy Task; When Will New Ep Premiere On JioHotstar – Delhi News Daily
  • After Rishabh Pant, Sourav Ganguly Returns To Delhi Capitals As Head Coach For IPL 2027 – Delhi News Daily
  • ‘All Options On Table’: INDIA Bloc Eyes 4th Straight Day Of ‘Vote Chori’ Protests Against CEC – Delhi News Daily

Recent Comments

No comments to show.

You Might Also Like

Fashion

TechnoSport expands warehousing capacity with new 64,000 sq. ft. facility in Bengaluru – Delhi News Daily

Activewear brand TechnoSport has inaugurated a 64,000 sq. ft. warehouse at Welspun One Logistics Park, Baglur, as part of its…

3 Min Read
Fashion

Why Prada has a devil of a dilemma, but so does India – Delhi News Daily

Indias heritage products still struggle to secure the kind of legal protection routinely afforded to Western goods.Luxury house Prada SpA…

6 Min Read
Fashion

Libas enters jewellery category, expands fashion portfolio beyond apparel – Delhi News Daily

Indian fashion brand Libas has entered the jewellery category with a portfolio of more than 100 styles, as it looks…

2 Min Read
Fashion

QUE Universe targets Rs 100 crore revenue over the next two years as it expands eyewear portfolio – Delhi News Daily

Fashion eyewear brand QUE Universe has outlined plans to achieve Rs 100 crore in revenue over the next two years…

2 Min Read

Delhi News Daily

© Delhi News Daily Network.

Incognito Web Technologies

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?