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Much idle capacity at jewellery hallmark centres

November 30, 2017
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While the central government is working to enforce mandatory hallmarking of gold jewellery, the average hallmark centre is operating at only 30-40 per cent of its capacity. There are 500 hallmark centres, each having the capacity to process 2,000 pieces a day (20 kg) of jewellery. They’re located close to the jewellery manufacturing centres of Mumbai, Kolkata, Ahmedabad, Rajkot, Chennai, Coimbatore, Trissur, etc. Major cities have at least 10 hallmarking centres.The government is now offering Rs20 -50 lakh subsidy for setting up an HM centre. The monthly operational expense being around Rs 2.5 lakh, a centre needs a business volume of at least 750 pieces a day to be viable. Such being the case, “we cannot expect HM centres to come up in smaller towns and villages, even when the subsidy amount looks attractive”, said the spokesperson for the Indian Association of Hallmarking Centres (IAHC), mentioning the 30-40 per cent utilisation figure at which many operate. Last week, the Union .

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