Plans to include gold bullion under mandatory hallmarking.

Hon’ble Union Minister of Consumer Affairs, Food and Public Distribution & New and Renewable Energy  Pralhad Joshi chaired the 9th Governing Council Meeting of the Bureau of Indian Standards (BIS), reaffirming the vital role of standardisation in driving India’s economic growth and global competitiveness.

During his presidential address, the Union Minister said BIS has brought 371 districts in the country under mandatory hallmarking scheme of jewellery thereby, providing quality assurance to consumers. He directed that more districts be also added in the coming year. He laid special emphasis on making industry and other stakeholders more aware of BIS initiatives.

He also stressed upon the importance of Indian standards for various products and services and appreciated the milestone achievements of BIS with formulation of 23798 Indian standards across sectors.

 Key announcements included:

•          Phased rollout of mandatory hallmarking for gold jewellery and artefacts.

•          Plans to include gold bullion under mandatory hallmarking.

•          Initiatives to standardize silver jewellery.

•          Major expansion of Indian quality standards across sectors.

•          Substantial investment to upgrade BIS testing infrastructure

The Minister stressed the need for greater awareness among industry and other stakeholders about BIS initiatives. Enhanced awareness is crucial for ensuring compliance, fostering trust, and encouraging voluntary adoption of standards beyond mandatory requirements.

Kerala-based jewellery retailer Malabar Gold & Diamonds is preparing for a stock market debut, aiming to list the company in 2027-28, according to its founder and chairman M P Ahmmad.

Malabar Gold targets a 20 per cent jump in revenue in the current fiscal year, from Rs 62,000 crore recorded in 2024-25, despite a sharp rise in gold prices, Ahmmad said.

The retailer plans to open 60 new stores in India and 30 outlets abroad this year as part of its expansion strategy.

“We are 100 per cent thinking of listing our company on the stock market,” Ahmmad told PTI, adding that legal preparations for the listing are underway.

The company needs to consolidate subsidiaries and Limited Liability Partnerships (LLPs) before proceeding with the initial public offering, with Ahmmad noting that “the legalisation for the stock market listing is taking time.”

“The work is in progress. We target to list in 2027-28 financial year,” Ahmmad indicated.

Malabar Gold currently operates 391 showrooms across India and internationally, with presence in 19 Indian states.

To retain customers amid rising gold prices, the company is developing new business strategies, according to O Asher, Managing Director for India operations.

“We are coming out with different caratage and designing products without compromising the looks so that everyone can still afford gold jewellery,” Asher said.Kerala-based jewellery retailer Malabar Gold & Diamonds is preparing for a stock market debut, aiming to list the company in 2027-28, according to its founder and chairman M P Ahmmad.

Malabar Gold targets a 20 per cent jump in revenue in the current fiscal year, from Rs 62,000 crore recorded in 2024-25, despite a sharp rise in gold prices, Ahmmad said.

The retailer plans to open 60 new stores in India and 30 outlets abroad this year as part of its expansion strategy.

“We are 100 per cent thinking of listing our company on the stock market,” Ahmmad told PTI, adding that legal preparations for the listing are underway.

The company needs to consolidate subsidiaries and Limited Liability Partnerships (LLPs) before proceeding with the initial public offering, with Ahmmad noting that “the legalisation for the stock market listing is taking time.”

“The work is in progress. We target to list in 2027-28 financial year,” Ahmmad indicated.

Malabar Gold currently operates 391 showrooms across India and internationally, with presence in 19 Indian states.

To retain customers amid rising gold prices, the company is developing new business strategies, according to O Asher, Managing Director for India operations.

“We are coming out with different caratage and designing products without compromising the looks so that everyone can still afford gold jewellery,” Asher said.

GJEPC is proud to announce that IIJS Premiere 2024 has been awarded the coveted “Top Source from India Show” honour at the Exhibition Excellence Awards 2025 — for the second year in a row.

The award was received by Mr. Shamal Pote, Director – National Exhibitions, GJEPC, in recognition of the show’s growing prominence as a global sourcing platform for the gems and jewellery industry.

This achievement reflects the continued trust and participation of exhibitors, as well as domestic and international buyers, in making IIJS Premiere the world’s second-largest trade exhibition for gems and jewellery.