Jewellers face higher hallmarking costs as festive, wedding demand picks up
The increase in the hallmarking fee to ₹75 affects the perceived value of lightweight jewellery, prompting calls for a review.
India's jewellers are facing increased costs as hallmarking fees for gold articles rise. The Bureau of Indian Standards (BIS) has raised the gold hallmarking fee from ₹45 to ₹75 per article, a 67% increase effective September 14. This hike in compliance costs comes ahead of the festive and wedding season, which typically sees a surge in demand for jewelled items. Vaeshnavi, a correspondent for Mint's consumer economy team, reports that this fee hike will impact jewellers, increasing their operational expenses.
Written by urgent.news from Live Mint's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
