loader image
Connect with us

National News

Union Minister Pralhad Joshi Proposes Mandatory Hallmarking for Silver Jewellery

Published

on

1,786 Views

Union Minister for Food and Consumer Affairs, Pralhad Joshi, on Monday urged the Bureau of Indian Standards (BIS) to consider making hallmarking of silver jewellery and artifact mandatory, keeping in mind consumer demand. Joshi stated that the BIS has begun consultations with stakeholders and a feasibility study is underway.

After getting feedback and completing the study, the Government will make a decision on the matter. Stakeholders from states like Gujarat and Karnataka have called for the inclusion of mandatory hallmarking for silver.

BIS Director General, Pramod Kumar Tiwari announced that the bureau may be ready to implement this within 3-6 months.

The move comes after the successful rollout of mandatory gold hallmarking in 288 districts, which now covers 361 districts. Approximately 90% of gold jewellery is now hallmarked, with over 4.28 crore items certified. While silver hallmarking is currently voluntary, it is expected to enhance consumer trust, make jewellery easier to pricing, and improve resale value if made mandatory.

Continue Reading
Advertisement JewelBuzz Banner
Click to comment
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

National News

Shringar House of Mangalsutra Unveils 3,000+ Designs, Targets Emerging Markets Ahead of Akshaya Tritiya

Shringar House of Mangalsutra expands its design portfolio to meet rising demand for lightweight, versatile jewellery across emerging markets this Akshaya Tritiya

Published

on

1,920 Views

Shringar House of Mangalsutra Limited, India’s most trusted B2B gold jewellery manufacturer specialising in mangalsutras, has curated a range of over 3,000 new designs ahead of Akshaya Tritiya 2026 – the most expansive seasonal collection in the company’s history. This collection comprises more than 2,000 designs in 22K gold and over 1,000 designs in 18K gold, built to serve the full breadth of India’s jewellery retail landscape.

Akshaya Tritiya remains a major driver of the gold jewellery industry, supported by strong cultural sentiment and long-term value appeal. Gold prices have seen significant movement, but despite this volatility, consumer demand stays resilient, with a noticeable shift toward value-led and high-intent purchases. Consumers are increasingly gravitating towards lightweight, affordable, and design-led jewellery that offers both versatility and everyday wearability, rather than heavy, occasion-specific pieces. There is also a growing preference for contemporary and modular designs, particularly among younger buyers, alongside continued demand for traditional styles in core markets. This shift is driving retailers to focus on curated, design-forward collections that balance aesthetics with price sensitivity, reflecting a broader trend towards more conscious and purpose-driven jewellery buying.

With the wedding season approaching, consumers are increasingly making earlier purchase decisions, with southern India remaining stable and western and central regions like Maharashtra, Madhya Pradesh, and Gujarat emerging as key growth markets driven by organized retail and design sensitivity. The mangalsutra category itself is evolving beyond its traditional bridal role into a lifestyle-led, daily wear jewellery segment. Consumers are increasingly opting for minimal, modular, and design-forward pieces that seamlessly blend tradition with modern aesthetics.

Chetan Thadeshwar, Chairman & Managing Director, Shringar House of Mangalsutra Ltd, Said:

“The Indian jewellery industry is at a pivotal inflection point, and we are committed to leading from the front. Our latest curation is not merely about scale, but about defining the future direction of the category. We are witnessing a clear shift in consumer preferences towards design-led, versatile jewellery, particularly within the mangalsutra segment, which is increasingly evolving into an everyday essential. At Shringar, we have consistently focused on staying ahead of market trends, not just responding to them, but actively shaping them through innovation and design leadership.”

As a trusted manufacturing partner to leading jewellery retailers across India, Shringar continues to benefit from the shift towards organised and certified players, driven by rising consumer preference for quality, transparency, and assured gold standards.

Continue Reading

Trending

JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

We would like to hear from you...

GET WHATSAPP NEWS ALERTS

0
Would love your thoughts, please comment.x
()
x