Jewellery hallmarking equally beneficial for buyers and sellers: Malabar Group
Kozhikode: Malabar Group chairman M. P. Ahmed said that the central government’s new rule to ensure BIS hallmarking on gold ornaments will protect the rights of the customers and will also benefit the jewellery industry.
BIS hallmarking ensures the purity of the gold and this will help increase the demand for gold. The fraudulent activities in the industry and gold smuggling could end by hallmarking, M. P. Ahmed said.
The government should also foresee the possibilities of fake hallmarking and strictly implement digital tracking facility and barcode system, he added.