Jewellers listing with BIS jumps up by +187%
Increased from 43,153 in June to 1,24,034 as of 15th November 2021 Since the Government of India made gold jewellery hallmarking mandatory in mid-June this year, the number of jewellers registered with the Bureau of Indian Standards (BIS) has nearly tripled (+187%) from 43,153 in June 2021 to 1,24,034 as of 15th November, according to data available with the Gem & Jewellery Export Promotion Council (GJEPC). This compares with a 3% growth in the number of Assaying and Hallmarking Centres (AHCs), which stood at 978 as of mid-November, from 948 in June this year. The ripple effects of mandatory hallmarking are already being felt by the retail industry as the move has boosted consumer confidence in gold. Colin Shah, Chairman, GJEPC, said, “We are witnessing great progress being made in hallmarking since it was made mandatory in mid-June. Jewellers in large numbers have come forward and registered themselves. Currently, we have adequate AHCs for accommodating the jewellers' h