"Trust Mark" by AIGJTF

All India Gems and Jewellery Trade Federation have made a very good effort in organising the Jewellery industry where in gold rate and purity of gold/diamond jewellery is concerned.Jewellers would need to apply for the Trust Mark at AIGJTF and the member jewellers having the "Trust Mark" logo in their showroom would need to follow a standardised gold buying and selling rate. Also these showrooms would deemed to have the License for selling BIS ( Bureau of Indian Standards ) Hallmarked Jewellery . So the consumers can benefit from the uniformity of gold rates and stop worrying about being overcharged.

But, hang on , just read the fine print below that clearly says, Disclaimer: While stating that a member jeweller has been found to confirm to the strict standards prescribed by AIGJTF under "Trust Mark", GJF deos not assume nor is GJF deemed to assume any responsibility whatsoever with regard to the purity, content or quality of any product sold by such jeweller.

So in simple words, the consumer should always be careful when buying jewellery and AIGJTF cannot be held responsible or guarantee for any inferior goods sold by the jewellers having the "Trust Mark".

P.S : Having license to sell Hallmarked Jewellery does not necessarily means that all the jewellery in the particular showroom is Hallmarked Jewellery. Main reason for this is that its not practically possible to test and hallmark each small items in the showroom.

For more infomation visit www.gjf.in

Booming gold prices!!

Gold prices are sky rocketing. It has already breached the Rs.10000/- mark (per 10 Gms) and it looks like there s no stopping to it.Rs11000 in the near future should not be a surprise at all. In the international market gold has already crossed the 28 year high mark. And a race to all time high seems very near.Factors that lead to increase in gold price are mainly crude oil and Currency. Rupee to dollar rate has become very strong in the recent times. From around Rs 44- Rs45 it has come to Rs38-Rs39. Crude oil has crossed the all time high to 90$ per barrel. Better late than never. start investing gold and gain from a long term point of view. check out this link about the gold price.

http://au.ibtimes.com/articles/20071018/big-move-coming-in-gold-price.htm

Platinum the rare metal

Top 5 reasons Why platinum is not preferred metal in Indian jewellery market!

1) Its high melting point(1768 c) does not allow any bench worker to melt in the traditional melting furnace. It needs high resistant furnace to melt (other than gold melting furnace).

2) There are a handful of platinum manufacturers who manufacture platinum–diamond jewellery that to in bulk quantity. Thus the designs are fairly round the mill and individuals craving for unique designer jewellery cannot be compleatly satisfied.

3) Consumers in India, still buy jewellery on a large scale for investment rather than luxury. So it’s hard to get people think and pay for metal which compares to silver in colour and pay almost twice as gold.

4) The cost of production is very high because of its high value, low demand and high technology required to make it.

5) Platinum usually does not fetch a good cash buy back guarantee, which can be very hard on people buying for investment or want to change jewellery frequently.

Despite the above setbacks, platinum has been gaining popularity among the young genaration. In the near future we can only hope that a better manufacturing infrastructre will give the comsumer a larger variety and availabilty of platinum jewellery in the indian market.