Page 8 - Bullion World Issue 11 March 2022_Neat

Bullion World | Issue 11 | March 2022

Challenges in HUID and

Hallmarking; groundbreaking

solutions

Bullion World team had an
exclusive interview with Mr James
Jose, President, Hallmarking
Association of India, at India
Gold Conference 2021, Jaipur.
Mr James shared insights on
how HUID verification can play
an essential role as a game-
changer in the Gold industry. He
also highlighted some important
challenges and what steps are
being taken to mitigate them.
Read on.

Mr James Jose
President, Hallmarking Federation of India

What are the challenges that the industry is currently facing with the
implementation of HUID and mandatory Hallmarking?
HUID is a whole new topic introduced in India for the first time. Implement-
ing the HUID is to create transparency within the jewellery ecosystem.
The main challenge is the bandwidth and agility of the HUID software,
to capture the data, including pictures of around 20 crores of jewellery
articles every year and to store it for a minimum period of 3 years. With a
huge population of enthusiastic gold purchases,around 4- 5 lakhs pieces
of jewellery had to go through the 8 hour online Huid process every day.
These issues are all getting sorted out, and we have the ministry's full
support in it. For the past few months, the BIS and Ministry have continu-
ously followed it up and increased its capabilities, and it's now more or less
stabilised.

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