Imprisonment and Fine for Unlicensed Jewelers

The Assay Office decided to put order in the jewelery sector. Surprise visits will be conducted in the jewelers to see if the goldsmiths are registered or not. This will allow the authorities to ensure that the sale and purchase of jewelry is made legally and track thieves and fences. For some time it sells gold everywhere across the country. Meanwhile there has been an escalation of robbery related to jewelry. The authorities expect to deter concealment ornaments and illegal transactions surrounding the stolen jewelry through raids on jewelers.

500 jewelers licensed to Assay Office

All jewelry can be identified with the unique brand of punching. And therefore the jeweler and jewelry owners can be identified easily.

According to the latest census recorded some 500 jewelers across the country but this has grown over the years.

On the world market gold was offered $ 1 $ 331.82 an ounce on Wednesday. While gold is too expensive even though lately, the jewelery industry is caught in the spiraling economic crisis, support jewelers. Today, people buy gold less. We do not buy gold as before. With the high price of gold and buying power down, people prefer to turn to costume jewelery especially as street peddlers flooding the market.

The jewelery sector is experiencing crisis situations. The price of raw materials has increased dramatically in recent years highlight jewelers.

People tend to prefer chains and necklaces fancy gold jewelry. And right now there is no longer selling as before. You should also know that Mauritian jewelers do not keep a stock of gold in them.