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New regulations on hallmarking of gold coins announced

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The government unveiled new regulations covering gold coins. The following are updates were announced:

  • Gold coin of 999 purity and 995 purity, If made by refiners / mint, are not required to be hallmarked. It is exempt from hallmarking as per the order dated January 15, 2020.
  • Gold coin of 995 purity can be made by jewelers, but the same is required to be hallmarked by hallmarking agency. this hallmarking is required as gold coin of 995 purity will be categorized as jewellery.
  • Gold coin of 999 purity can be made by jewellers, but same will be certified and hallmarked as 995 purity coins. This will be certified and hallmarked as 995 purity only, as the hallmarking centers are not capable to hallmark 999 purity. These will also be categorized as jewellery.

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National News

Cosmos Diamonds Makes History With World’s First LGD  Jewellery  Launched Into Space

The Launch Also Reinforces India’s Emergence As A Global Innovation Hub Where Startups From Diverse Sectors Are Forging Unconventional Partnerships.

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In a landmark moment where luxury, science and space exploration converged, Sanjana Tripuramallu, founder of Bengaluru-based Cosmos Diamonds, has achieved a global first by collaborating with private space company Skyroot Aerospace to send Cosmos Bloom, the world’s first lab-grown diamond (LGD) jewellery creation into space aboard the Vikram-1 rocket.

The Cosmos Bloom Diamond  is handcrafted in 18 kt gold using 32 pear-cut LGDs arranged in the form of a blooming lotus and mounted on a specially engineered aluminium base plate. It is designed to withstand the extreme conditions of launch and spaceflight. The space-bound jewel is valued at Rs 11 lakh and combines Indian craftsmanship, technology, and innovation.

Sanjana Tripuramallu, Founder- Cosmos Diamonds

The launch also reinforces India’s emergence as a global innovation hub where startups from diverse sectors are forging unconventional partnerships. While Skyroot Aerospace showcased the country’s private launch capabilities through Vikram-1, Cosmos Diamonds used the mission to tell a powerful story of Indian design and scientific ambition on an international stage. With the successful launch of the world’s first lab-grown diamond jewel into orbit, Sanjana Tripuramallu and Cosmos Diamonds have etched their names into both jewellery and space history, demonstrating that the future of luxury may well extend beyond Earth itself.

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