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GJC Rolls Out Statewide Guidelines & Multilingual SOPs To Safeguard Jewellery Traders

Reflects GJC’s Proactive Role In Translating Regulatory Directives Into Practical, Implementable Frameworks For The Trade

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The All India Gem and Jewellery Domestic Council (GJC) has launched a comprehensive industry-wide initiative to safeguard jewellery traders across Maharashtra by rolling out structured guidelines and Standard Operating Procedures (SOPs) aimed at ensuring fair, transparent, and accountable policing practices during theft investigations.

This initiative follows the Government of Maharashtra’s circular dated March 14, 2024, and reflects GJC’s proactive role in translating regulatory directives into practical, implementable frameworks for the trade.

GJC’s Industry-Led Initiative

As part of this rollout, GJC has taken the lead in interpreting, structuring, and disseminating the guidelines across the jewellery ecosystem. To ensure wider accessibility and effective adoption, GJC has also issued detailed Instructions and SOPs in multiple languages, including Marathi, English, and Hindi, enabling jewellers across regions to clearly understand their rights and responsibilities.

GJC is actively engaging with trade bodies and stakeholders to facilitate smooth implementation at the ground level, thereby strengthening trust between law enforcement agencies and the trading community.

Key Highlights of the Guidelines

The framework introduces several important safeguards and procedural requirements:

  1. Mandatory Record of Police Visits

Police officers visiting jewellers’ premises must record the purpose of their visit in the merchant’s register and provide their signature.

  • Jurisdictional Protocols

Investigations extending beyond jurisdiction must be routed through the appropriate vigilance mechanisms before approaching traders.

  • Transparency in Investigation

Relevant case details or FIR copies must be shared with the concerned trader.

  • Evidence-Based Enforcement

Arrests should be strictly based on credible evidence, ensuring that genuine traders are not subjected to undue harassment.

  • Minimizing Business Disruption

Wherever feasible, statements should be recorded at the trader’s premises to avoid interruption of business operations.

  • No Unwarranted Detention

Traders should not be compelled to accompany police officers unless necessary.

Establishment of Vigilance Committees

The initiative also emphasizes the formation of Vigilance Committees at State, Commissionerate, and District levels to monitor implementation and address concerns of traders.

  • State-Level Committee: To function under the supervision of the Director General of Police and meet annually
  • District & Commissionerate Committees: To meet once every three months for regular review and oversight

These committees will serve as a structured grievance redressal and monitoring mechanism, ensuring accountability and consistency in enforcement.

Leadership Perspective

Rajesh Rokde, Chairman – GJC, said:

“This initiative marks a significant step towards safeguarding the interests of genuine jewellery traders. By ensuring structured procedures, documentation, and oversight mechanisms, the framework promotes transparency and accountability while protecting traders from unnecessary harassment. GJC’s role has been to ensure that these guidelines are effectively understood and implemented across the industry.”

Avinash Gupta, Vice Chairman – GJC, added:

“The introduction of multilingual SOPs and practical guidelines reflects a progressive and inclusive approach. It empowers jewellers with clarity and confidence while enabling constructive cooperation with law enforcement agencies. This will go a long way in strengthening the overall ecosystem.”

Strengthening Industry Confidence

Through this initiative, GJC reinforces its role as a bridge between the Government and the trade, ensuring that policy directives are effectively translated into actionable processes.

The rollout is expected to significantly enhance confidence among jewellery traders, while promoting a more transparent, accountable, and business-friendly regulatory environment across Maharashtra.

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National News

Gold Industry Proposes New Strategy To Cut Imports and Boost Local Economy

Precious Metals Refineries Forum (PMRF) Has Proposed A Two-Track System To Manage Gold More Efficiently

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Following Prime Minister Narendra Modi’s call to reduce gold imports and foreign travel, major Indian bullion and jewellery bodies have submitted a new plan to the government and the Reserve Bank of India (RBI). The strategy aims to lower the nation’s trade deficit by tapping into the estimated 30,000 tonnes of gold sitting in Indian households.

This move comes after India’s gold imports jumped 24% to a record $71.9 billion in the 2025-26 financial year, with over 721 tonnes of gold brought into the country.

The New Strategy: Two Separate Systems

The Precious Metals Refineries Forum (PMRF) has proposed a two-track system to manage gold more efficiently:

  • For Exporters: Imported gold should be strictly saved for jewellery exporters using one-year Gold Metal Loans (GML).
  • For Local Buyers: Domestic demand should be met entirely by recycling household gold. This gold would be collected from citizens, refined locally, and sold back through jewellers and retailers.

Under this plan, people who deposit their idle gold could earn 2% to 2.5% interest, while businesses taking gold loans would pay an interest rate of 3% to 4%.

Fixing Why Past Schemes Failed

Previous government gold schemes failed to gain traction primarily because they left out local jewellers and lacked a proper banking structure. Without a joined-up system, institutions faced high financial risks from changing gold prices.

To fix this, trade bodies are calling for a complete system that includes:

  • Direct involvement of trusted local jewellers. The schemes did not take off in the past because jewellers were not part of them. About 10% to 20% of family gold is held as bars or coins.
  • Strong bank backing and secure storage vaults across the country.
  • Tax incentives, such as removing the 3% GST loss when physical gold is converted into Electronic Gold Receipts (EGR), and offering income tax relief on the interest earned.

Industry Support

Industry experts say a smooth system is already possible. Collection and purity testing centres have confirmed that collected household gold can be processed within 48 hours and safely moved to secure, bank-approved vaults.

Representatives from the Indian Bullion and Jewellers Association (IBJA) recently held discussions with RBI officials to fast-track these changes.

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