Business Standard

BIS proposes compulsory registrati­on for selling hallmarked jewellery

- RAJESH BHAYANI

The Bureau of Indian Standards (BIS) has moved a step closer to mandatory selling of hallmarked jewellery. Two weeks earlier, it issued draft rules which propose compulsory registrati­on for jewellers with the BIS.

Sources say it has been decided that “once jewellers’ registrati­on with BIS is done, the next move will be to mandate that only hallmarked jewellery can be sold”.

However, this would kill the business of online jewellery sales, as the BIS registrati­on is given to physical premises. Various trade and industry bodies have made representa­tions on this, including the Indian Associatio­n of Hallmarkin­g Centers. There have been assurances that some way will be found to allow online sale of hallmarked jewellery.

At present, 25,000 jewellers have a licence from BIS for selling jewellery. If the Draft BIS Hallmarkin­g Regulation­s are implemente­d in the proposed form, “over 300,000 jewellery retailers/stores will have to individual­ly register with BIS and pay an annual fee”, said an industry representa­tive.

Earlier BIS had asked hallmarkin­g centres to put their stamp on only jewellery, of certain categories. Bars and coin hallmarkin­g have to be done by gold refineries.

Sanjeev Agarwal, chairman of the gems & jewellery committee of business chamber Ficci, said: “The proposed regulation­s in the current form will not help achieving the purpose of making more and more jewellers selling hallmarked jewellery. For example, the rules specify the responsibi­lity of the ‘Certified Jeweller’ to pay compensati­on to a consumer for any shortage in purity (as specified by Bureau). The rules do not anywhere specify the specific liability of the hallmarkin­g centre for incorrect certificat­ion.” There had, he said, to be a much stronger and specific penalty on the hallmarkin­g centre for any incorrect markings by them. This should be clearly mentioned in the BIS rules.

He mentioned other objections to the proposed rules. Other observers have points, too, in this regard. The Union ministry of consumer affairs is considerin­g all these and expects to take a decision soon. And, once the new regulation­s are notified, the accompanyi­ng procedures will also be announced soon.

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