Page 39 - Bullion World issue 2 June 2021

Bullion World | Issue 02 | June 2021

Making Swiss gold
buying simple:
Alankit partners
with Digital Swiss
Gold

Alankit Imaginations Limited, a
subsidiary company of Alankit,
has partnered with Digital Swiss
Gold (DSG), an innovative digital
platform allowing investors to
buy and hold physical gold
digitally in Switzerland as well as
sell and send gold via a mobile
app.
Alankit Imaginations Limited, a
subsidiary company of Alankit,
400 new gold jewellery hallmarking centres to has partnered with Digital Swiss
come up by end of next month Gold (DSG), an innovative digital
platform allowing investors to
buy and hold physical gold
The government has said that alphanumeric unique identity number digitally in Switzerland as well as
hallmarking will become mandatory from (UIN) for each piece of jewellery. sell and send gold via a mobile
June 1. So, we too, are coming up with app. This partnership will tap
an adequate number of hallmarking About 400 new gold jewellery into the 25million+ customer
centres to support the industry,” hallmarking centres are coming up by base of Alankit, and enable them
said Uday Shinde, president, Indian the end of next month to speed up the to understand as well as invest in
Association of Hallmarking Centres. “A process of stamping the bullion so that high-quality Swiss gold digitally,
standard hallmarking centre requires Rs jewellery buyers get the desired level Alankit said in a statement.
70- Rs 80 lakh to be set up.” of purity.
Source: https://www.
While the hallmarking industry is Source: https://economictimes. financialexpress.com
increasing the number of centres, indiatimes.com
BIS also plans to launch a nine-digit

Government extends deadline for
mandatory hallmarking of gold jewellery

Exporters seek clarity on gold till June 15

hallmarking order The Centre further extended the deadline for mandatory hallmarking
of gold jewellery and artefacts by a fortnight till June 15 in view of the
Want those not involved in local trade to be excluded from Covid-19 pandemic.
the order
The decision in this regard was taken at a meeting chaired by consumer
Gems and jewellery exporters have asked the government affairs minister Piyush Goyal. In November 2019, the government had
to “explicitly clarify” whether jewellers with transactions only announced that hallmarking of gold jewellery and artefacts would be
in exports are excluded from the purview of the mandatory made mandatory across the country from January 15, 2021. However,
gold hallmarking order to be implemented from June 1 the deadline was extended for four months till June 1 after jewellers
2021. sought more time in view of the pandemic.

Source: https://timesofindia.indiatimes.com/
Source: https://www.thehindubusinessline.com
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