 "Govt finalising jewellery hallmark rule; refineries to self-certify")
The central government is finalising the rules on compulsory hallmarking of jewellery, with hallmarking centres certifying 14-, 18- and 22-carat jewellery. For coins and bars, self-certification by refineries will be permitted.
The industry has already started voicing its opinion against several proposals. India Bullion and Jewellers Association (IBJA) has said: "Self-certification of coins by refineries contravenes the basic purpose of a certifying agency. Self-certification without any third-party intervention can be risky and refiners can misuse it."
Surendra Mehta, national secretary, IBJA, says: "Coins from 0.1 gram to 100 grams must be hallmarked by approved centres."
Sources say the government is allowing refineries to
