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CAIT URGED PASWAN TO INCLUDE 20 CARAT IN HALLMARK STANDARDS OF GOLD

CAIT URGED PASWAN TO INCLUDE 20 CARAT IN HALLMARK STANDARDS OF GOLD

In a communication sent today to Union Consumer Affairs Minister Shri Ram Vilas Paswan, the Confederation of All India Traders (CAIT) has urged to include a new standard of 20 Carat having a purity of 83.33 % in Hallmark International Standards for Gold Jewellery along with other standards. It will not only facilitate the Jewellers but the Gold ornaments will be available at a good quality with reasonable prices to the consumers.

It is noteworthy to mention that the Union Government has agreed for 14 Carat, 18 Carat and 22 Carat standards quality of Gold as Hallmark Standards which are International Standards and Government is about to enforce these standards in the Country.

CAIT National President Mr. B.C.Bhartia & Secretary General Mr. Praveen Khandelwal while appreciating the step taken by the Government said that it will encourage credibility of jewellery trade in the Country and at the same time the Consumers will not be under any confusion about the quality and a uniformity of gold jewellery will be made across India. However, these standards will erupt into some disparities which will certainly bother the traders.

The Hallmark standards contain three types of standards in which one is 14 carat with 58.33% gold purity and is mainly consumed for making diamond jewellery whereas the another standard is 18 carat having 75% purity but ornaments made from this carat loose the colour very early because of varied environment conditions which always resulted into distrust between traders and consumers. The third standard is 22 carat with purity of 91.60% and since gold is a light metal the ornaments made from this carat always remain heavy otherwise these can be broken at any time. About 80% families in the Country demand jewellery for marriages rages in 4-5 tola range and since the ornaments are heavy, it always remain costly and beyond the budget of an average family.

In light of the above, the CAIT has called upon Mr. Paswan to add one new standard of 20% having purity of 83.33% in Hallmark standards which will enable the jewellers to make light jewellery in reasonable prices and such ornaments will have no environmental affect as well. On one side it will be easily reachable commodity for common man on the other side it will enhance the creditability and trust between traders and consumers.