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Mandatory hallmark leads to huge gold inventory pileup | Rajkot News

Hallmark centres in Gujarat: Bureau of Indian Standards (BIS), Gujarat has around 85 hallmarking centres. Rajkot alone has seven BIS recognized hallmark centres RAJKOT: After the new law, making hallmarking of gold jewellery compulsory from June 16 came into force, hallmarking centres across Gujarat have been facing a huge pile up of inventory. The government has fixed the August 1 deadline to get backlog stock to get hallmarked. Rajkot, the hub of lightweight gold jewellery design in the country, is especially facing the toughest challenges implementing the order owing to its lengthy procedure which has stalled supply to other states as well as abroad. The city manufactures around 40 kg gold jewellery every day. Industry sources claim that 80 percent jewellers in Rajkot never got their ornaments hallmarked earlier.

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