Novel ideas, akin to distributing very comfortable straitjackets. Spot bullion exchange and quality certification revamp will curb smuggling and promote transparency & honest dealing. National tax (GST) on jewellery leaves trails that Central Tax agencies can track every step. Dedicated bank for the jewellery industry will help entrepreneurs in so many ways, but bring them into the formal sector.

Govt said to be planning policy revamp for $19 billion gold jewellery industry