National News
Government Approves Hallmarking for 9-Karat Gold to Boost Affordable Jewellery Market
New policy aims to revive demand amid falling gold sales by introducing certified, low-karat gold options for cost-conscious and younger buyers.
In a significant move to make gold jewellery more accessible and revive declining demand, the government has officially approved hallmarking for 9-karat gold, expanding the range of certified purities beyond the existing 24K to 14K categories.
The new standard—9K gold containing 37.5% pure gold—offers a more affordable alternative for consumers, particularly in rural markets and among younger buyers who are seeking lightweight, budget-friendly jewellery without compromising on quality and authenticity.

Until now, the Bureau of Indian Standards (BIS) hallmarking system certified gold in six categories: 24K, 23K, 22K, 20K, 18K, and 14K. The inclusion of 9K gold marks the first expansion of this framework in years, and is expected to widen the consumer base by making gold ownership more attainable.
The decision follows a sharp 60% decline in gold jewellery sales volume in June, the steepest drop since the Covid-19 pandemic. Industry experts believe this step could reinvigorate demand by addressing affordability barriers and providing greater flexibility to jewellers in catering to varied customer segments.
By broadening hallmarking standards, the government aims to strengthen consumer trust, improve transparency, and encourage the industry to innovate in line with changing market dynamics.
The rollout of hallmark-certified 9K jewellery is expected to begin shortly, with jewellers across the country adapting their offerings to meet the anticipated surge in demand for low-karatage options.
National News
Belgian Consul General H. E. Mr. Pierre Stverlynck Graces BDB Annual Day
- Event marks 42 years of Incorporation and 16 years of Operations
- Recently-appointed Consul-General’s first visit to the Bourse helps strengthen a century-old bond
- Long service awards presented to outstanding employees
Bharat Diamond Bourse today marked 42 years of incorporation and 16 years since the commencement of operations at the BDB Complex in BKC with a special programme graced by H. E. Pierre Stverlynck – Consul General of Belgium in Mumbai as Chief Guest and a number of leading diamantaires.




The function was organised to celebrate the crucial roles played both by the visionaries who conceptualised the need for a centralised infrastructure to boost the diamond trade over four decades ago, and the employees who have run the daily operations in a highly efficient and professional manner.
In his Welcome Address, BDB Vice President, Mehul Shah explained the significance of celebrating twin milestones – 42 years of incorporation and 16 years of operations. He said:

“BDB began with a vision and is now the world’s largest operational bourse, and a symbol of India’s leadership in the diamond world and excellence in every aspect of operations.”
He added, “It is significant that the Consul General of Belgium is with us on this special occasion. Antwerp and Mumbai have a very close relationship, going back more than 100 years. Today the two cities have bonds based on trust, trade and friendship. We are committed to strengthening this bond over the next century as well.”
Congratulating the awardees he said that members may be the owners, but it is the staff who run the complex and have helped build it as the “best of the best” centres for diamonds. “Personal integrity combined with hi-tech surveillance have made BDB one of the safest places in the world,” he explained, and urged all present never to forget that “it is the soldiers who fight and win the wars.” Mr Shah offered compliments to all the awardees and congratulated Team BDB.
Speaking on the occasion, Anoop Mehta, President BDB, welcomed Mr Stverlynck who has recently assumed charge as Consul General of Belgium in Mumbai.

“We are sure that this will be the first of many visits to our Bourse,” he said, noting that the Consulate is the nearest neighbour of the complex.
“The BDB leadership has always enjoyed a very special relationship with the Belgian consulate,” he added, “built on the longstanding bonds between the diamond industry in our two countries.”
Mr Mehta said it was heartening that so many employees had remained loyal to the BDB for multiple years, and urged all gathered to reach out through their department heads to put forward suggestions for further changes and improvements
Mr Stverlynck, who was on his first visit to the Bourse after assuming charge as Consul General, said he was extremely impressed with the facilities available for exporters within the complex. Assuring the trade of cooperation and support, he said he was happy to be personally present to celebrate such a remarkable institution as BDB that has become a key pillar of the India diamond industry.
Congratulating the leadership for its role in steering the bourse, as well as those employees who had received long service awards, Mr. Stverlynck said:

“The consolidated knowledge and experience of so many from those at the top to a number of others who contributed in various ways, is an asset to the industry.”
Special long service awards were presented to employees who completed special milestones during the year. These included 30-year, 25-, 15-, 10- and 5-year service awards to a few employees.
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