National News
Hallmarking and standardization reforms for gold, silver announced
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.
National News
Kirit Bhansali Has Been Appointed As The Nominee Director On The IAGES Board, Effective 11 May 2026
Kirit Bhansali Joins IAGES Board, Bringing Extensive Leadership Experience To Strengthen The Sector’s Growth Vision
Kirit A. Bhansali, Chairman, GJPEC is a well-known personality in the Indian diamond and jewellery industry. He is a partner in Smital Gems, a leading diamond manufacturing company based in Mumbai. With his extensive experience in the field, he has played a significant role in promoting and developing the Indian gem and jewellery industry. He is a Committee Member of the Bharat Diamond Bourse (BDB).
In the past, he has also served as the Chairman of the Indian Institute of Gems and Jewellery (IIGJ). Apart from his business activities, Bhansali is actively involved in various socio-political and educational initiatives. Through his leadership and vision, Bhansali has contributed significantly to the growth and development of the Indian diamond and jewellery industry.
His vast industry experience, deep understanding of the sector, and visionary leadership will further strengthen and drive the mission and objectives of IAGES forward. IAGES warmly welcomes Bhansali on its Board of Directors and looks forward to his valuable guidance and contribution towards the growth of the association and the industry at large.
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National News5 minutes agoKirit Bhansali Has Been Appointed As The Nominee Director On The IAGES Board, Effective 11 May 2026
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