On 24th August 1968 a great event took place in the Indian gold industry, the "Gold Control Act 1968" was introduced to the Indian gold industry on this day. This "Gold Control Act 1968" was repelled on 6th June 1990, after 22 years, on the grounds that it failed to achieve its intended results, on the contrary this Act led to Drug Trafficking, Tax Evasion and creation of Black Economy in India. In these 22 difficult years, this "Gold Control Act 1968" caused irreparable damage to the jewellers community of India specially the SUNAR community. A neutral agency "Wikipedia" commenting on this "Gold Control Act 1968" says that, "For the SUNAR Caste, who depended upon his traditional occupation of making gold ornaments, this Act, made him "Loose his Business", "Deteriorated his Financial Condition" and "Shattered his Family Life".

On 16th June 2021 a greater event took place in the Gold Industry of India, the "Hallmarking of Gold Jewellery and Gold Artefacts Order 2020" came into force with effect. Niti Aayog Report had already adviced that as 95% medium small and micro jewellers of India are unorganised and devoid of knowledge about this new Act. The Niti Aayog adviced the Bureau of Indian Standards to organise camps for these unorganised jewellers in every district of India to educate and inform them regarding this new Act.

As expected the educated "Organised jewellers" having full knowledge of new Act were prepared and they easily oriented their trade to the new Act. On the other hand the "Unorganised Jewellers" devoid of knowledge, totally unprepared for the new Act could not orient their trade to the new Act on time. As forecasted by Niti Aayog the Unorganised Jeweller Community late in orienting his trade to the new Act lost their customer to the Organised Jewellers Community. The organised jewellers community trade grew at an excallant rate of 11% CAGR while the trade of unorganised jeweller community collapsed. There was a sharp rise in the trade of organised jewellers community and abrupt downfall in the trade of unorganised jewellers community. Soon the 5% organised jewellers community of India got controle over more than 40% of gold trade in India.

A radical change in Indian gold industry was observed, there was unequitable distribution of wealth in favour of the organised community. This radical change was against the basic spitrit of the Constitution of India, as the constitution of India encourages "Equitable Distribution of Wealth" among its citizens”.

The unorganised jewellers community of India have the right to get timely information about each and every new law implemented on their trade. Sarafa Times Team intends to impart timely information about each and every law implemented on the disadvantaged, unorganised jewellers community of India, who are struggling for survival.