Not sure about a jeweller's credibility? IBJA to help buyers decide

The industry body has issued two notes advising consumers against dealing with non-credible retailerS

To prevent consumers from getting trapped in malpractices of some jewellers, apex industry body India Bullion and Jewellers Association (IBJA) has advised them against dealing with non-credible retailers.

IBJA issued two advisories for consumers on Tuesday. In the first, on monthly deposit schemes, the body asked consumers to check with it about credentials and goodwill of the company concerned and its directors before participating in the deposit scheme of a jeweller. Also, IBJA urged consumers to invest only through cheques in these schemes.

The advisory also urged jewellery retailers to conclude these schemes within 12 months from the date of