Mandatory hallmark leads to huge gold inventory pile-up across Gujarat

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After the new law, making hallmarking ofgoldjewellery compulsory from June 16 came into force, hallmarkingcentresacrossGujarathave been facing a huge pile

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up of inventory. The government has fixed the August 1 deadline to get backlogstockto get hallmarked.

Rajkot, the hub of lightweight gold jewellery design in the country, is especially facing the toughest challenges implementing the order owing to its lengthy procedure which has stalled supply to other states as well as abroad. The city manufactures around 40 kg gold jewellery every day. sources claim that 80 percent jewellers in Rajkot never got their ornaments hallmarked earlier.