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

  • Nothing Reveals Flipkart Big Billion Days Deals for Phone 4 Series, CMF Buds Lineup, More – Delhi News Daily
  • As gold hallmarking charges rise, fraudsters get busy too – Delhi News Daily
  • Florida students are turning damaged metal signposts into tiny underwater habitats for fish and marine life – Delhi News Daily
  • Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead – Delhi News Daily
  • ‘कितने स्टेशन बंद करोगे, लोग दौड़कर भी आएंगे’, दिल्ली मेट्रो के 12 स्टेशन बंद होने पर भड़के सीजेपी प्रवक्ता सौरभ दास – Delhi News Daily

Recent Comments

No comments to show.

You Might Also Like

Fashion

It’s the right time to invest in India: Swiss luxury watchmaker Baume & Mercier CEO – Delhi News Daily

Mumbai: The India-EFTA trade pact is giving Swiss luxury watchmakers greater confidence to invest in the country for the long…

4 Min Read
Fashion

Gold prices record worst monthly drop since 2013 with 12% fall in March: World Gold Council – Delhi News Daily

Gold prices record worst monthly drop since 2013 with 12% fall in March: World Gold CouncilNew Delhi: Gold fell 12…

5 Min Read
Fashion

LVMH flags sales impact of Iran war in blow to hopes for luxury revival – Delhi News Daily

FILE PHOTO: A logo of LVMH Moet Hennessy Louis Vuitton is seen on a wall before the presentation of LVMH…

2 Min Read
Fashion

Akshaya Tritiya sees 30% volume drop in gold buying amid price spike – Delhi News Daily

Akshaya Tritiya 2026 Gold demand during Akshaya Tritiya fell about 30% by volume this year as prices, up nearly 60%…

4 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?