Skip to main content

All India Gems & Jewellery Trade Federation opposes Hallmarking certicard

·                     GJF Chairman writes to Union Minister of Consumer Affairs Mr. KV Thomas
·                     GJF Chairman calls the proposed move ‘cumbersome’, ‘impractical’, ‘expensive’ and ‘time consuming’
·                     Urges policy makers to taken industry stakeholders into confidence while framing new rules or changing them
·                     GJF recommends that the two BIS Commitees on Hallmarking be merged

Mumbai: October 14, 2013: The All India Gems and Jewellery Trade Federation (GJF) has opposed the national standards body Bureau of Indian Standards proposal to issue a certicard for the jewellery retailers in metropolitan cities for every piece of jewellery sold. In a letter written to Hon. Minister of Consumer Affairs Mr. KV Thomas, GJF’s Chairman Mr. Haresh Soni has called the proposed BIS Hallmarking move ‘cumbersome’, ‘impractical’, ‘expensive’ and ‘time consuming’ and earnestly requested the policy makers to take the jewellery industry into confidence while framing rules or changing them. GJF has always supported BIS initiatives in improving the Hallmarking system in India and has made several representations to the Ministry and Director General of BIS to explain some industry apprehensions on the matter. 
Mr. Haresh Soni, Chairman, GJF
Mr. Haresh Soni, Chairman, GJF, said, “GJF has always cooperated with BIS but the proposed move to make jewellers in metros issue a certicard with each piece of jewellery along with its photograph and unique identification mark is highly unviable and not customer-friendly. The cost of each piece of jewellery will increase due to the additional cost burden of Rs. 125-150 for issuing one certicard. In case of mass produced jewellery, it is impossible to hallmark each piece of jewellery and issue a certicard for each one of them.”

Mr. Soni pointed it out to the Minister that “It is practically an uphill task for the jeweller to maintain thousands of such certificates in jewellery stores and retrieve the same at the time of delivery of the product to the customer. This process will in fact discourage the jewellers to avoid hallmarking jewellery as it is expensive and these Centres may also not follow the standard procedures, which may lead to unhealthy practices. This will put additional burden of vigilance on BIS. As discussed earlier, many Hallmarking Centres do not have the facility of Hallmarking but have been allotted licence and marking jewellery at their free will. In some case, A&H licence has been issued to jewellers, which will defeat the cause and purpose behind Hallmarking.”

In his letter, GJF Chairman also pointed out to the Minister that BIS had formed two Committees to improve the Hallmarking system in the country but the first meeting of the above Committees were held separately on two different dates! Mr. Soni recommended that the two BIS Committees should be merged and a joint meeting should be held so as to get a complete picture of the situation on ground. Moreover, a key point here is that Hallmarking Centres should reject the jewellery in case if the jewellery is found of below standard.
 
Bachchraj Bamalwa, Director & ex-Chairman of GJF, said, “Certificates will surely bring trust. But trust for only metro consumers? Why does the government not implement the law across the country at one go? Metros constitute 25-30 per cent of jewellery sales. Attempts to sell even legitimate jewellery items bought elsewhere will be difficult even in consumers’ urgent need of money. Hence, many consumers’ emergency will be affected badly despite having adequate jewellery wealth in store. For jewellers, however, it will have a multiplier impact. They hold between 5,000-10,000 pieces of ornaments of various types in inventory every time in festival seasons. Certificate with every item would mean equal number of careful paper handling, which is impossible.”  The need of the hour is to tighten the bolts on hallmarking centres.  Hallmarking process has to be completely overhauled before taking a step further.  It is the hallmarking centres and the process which should be fine tuned.  It is my earnest request to the Hon. Consumer Affairs Minister to take the hallmarking process in India to take it to the next level by making it mandatory for all hallmarking centres to be enable compliant so that a piece of jewellery hallmarked in India can be accepted by any other country in the world.  It is not so at present.  We firmly believe that jewellers and the industry can only survive if consumers are protected and we are determined to protect the consumers.
GJF has already unveiled the Trust Mark Model (TMM), a unique ‘Business Excellence Model’ initiative that will help G&J members to grow their business and become more efficient. The Trustmark is exclusively designed by ISOQAR for GJF. It is an exclusive model for business growth through implementation of systems & processes & practices for growth and managing risks.


About GJF: The All India Gems and Jewellery Trade Federation (GJF) is the national nodal and the largest single trade body in India for the promotion and growth of trade in gems and jewellery across India. It represents over 6,00,000 players comprising manufacturers, wholesalers, retailers, distributors, laboratories, gemologists, designers and allied services to the domestic Gems & Jewellery industry. The Gems & Jewellery industry is a hand crafted and labour intensive with over 1 crore strong labour force engaged in the manufacturing of jewellery industry in the domestic sector. The industry size is estimated to be in the region of Rs. 4,00,000 crore. The Federation’s mission is to support and promote the progress and prosperity of all the members in the gems and jewellery industry across India. It also provides regular news updated on notifications, rules and regulations declared by the Government. It promotes the trade, by participating in promotional events on a national level. It encourages the trade through the organization of consumer exhibits in India. It also counsels educational and research institutes that help in developing superior quality and high standards for effective functioning of the trade.

Comments

Popular posts from this blog

CARE Ratings shares list at 25% premium on NSE

Credit Analysis and Research Limited (  CARE ) has listed at Rs 940, a 25% premium against its issue price of Rs 750 per share on the National Stock Exchange (NSE). The stock hit a high of Rs 955 and low of Rs 930 so far. A combined 1.41 million shares have changed hands on the counter in opening deals on the NSE and BSE. CARE, the second-largest credit rating agency in India, has raised Rs 540 crore by issuing 7.2 million shares through initial public offer (IPO). The company has fixed the issue price at higher price band at Rs 700-750 per share. The IPO attracted bids for 245.56 million shares against 7.2 million shares on offer, translating to 34.11 times subscription, according to information available in basis of allotment.   The category reserved for qualified institutional buyers (QIBs) was subscribed 43 times, while non-institutional investor’s portion received 110 times subscription. Shares reserved for retail investors got subscribed 6.11 tim...

Tree House features as India’s Most Trusted Pre-School Brand

: Tree House Education & Accessories Limited (Tree House) , a leading educational service provider operating the largest number of branded self-operated pre-schools in India, today announced that it has been listed among the country’s most trusted educational institutes. In the first ever study conducted by TRA (formerly Trust Research Advisory), Tree House received the highest rank for any pre-school in India. Commenting on this, Mr. Rajesh Bhatia, Managing Director of Tree House, said “Over the last ten years, the Tree House team has focused on creating a high quality knowledge platform for Indian children, with the belief that education is one of life’s most important investments. It is our sincere endeavour to inspire and nurture young talent to grow and accomplish great things. This accolade of being India’s most trusted pre-school brand recognizes our commitment and accomplishments in the field of education.”  The report was based on findings from 7 million data...

GJF launches monthly B2B magazine – ‘G&J Times’

Empowering members with latest Information on Gold & Jewellery trade The All India Gems and Jewellery Trade Federation (GJF), the national trade federation for the promotion and growth of trade in Gems and Jewellery (G&J) Industry across India, hosted an exciting 6 th edition of its signature GJF NITE 2014 amid gusto and glitter at Renaissance Hotel, Powai, Mumbai. The fun filled, entertaining and musical fashion extravaganza event, presented by R. M. Jewellery and powered by CVM, was attended by over 1500 members, industry dignitaries and foreign delegates, who used the platform to engage and network with the fellow industry people. Amid the applauding celebration, GJF announced the  launch of its monthly B2B magazine – ‘G&J Times’ on the domestic gems & jewellery business covering the latest trend, development and challenges in the industry.  The magazine was unveiled by Ms Rupa Dutta, Economic Advisor, Ministry Of Commerce, Government of Indi...