Centre To Make Hallmarking Of Gold Bullion Mandatory Soon

New Delhi: The government is considering a proposal to make hallmarking of gold bullion mandatory and is also framing regulations for lab-grown diamonds as part of its efforts to protect consumers’ interest, Consumer Affairs Secretary Nidhi Khare said.

Addressing a CII Gems and Jewellery conference here, she emphasized on the need to protect consumers’ interest by ensuring that people get quality and accurate products. “The jems and jewellery sector is a vital pillar of our economy, contributing very significantly to both exports and employment,” Khare said.

The Secretary highlighted the successful implementation of mandatory hallmarking of gold jewellery and gold artefacts, which started from June 23, 2021.