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Jewellery traders to have 2 federations

KATHMANDU, FEB 10 - Domestic gold, silver, gem and jewellery traders and artisans are all set to have two separate federations. A panel of traders and artisans representing nine central and district level associations has registered ‘Nepal Gold, Silver, Gem and Jewellery Federation’ in Kathmandu District Administration Office.

The federation, formed under the direct initiative of Nepal Gems and Jewellery Association (Negja), Nepal Gold and Silver Artist Association (Negosaa), and Nepal Gold and Silver Craft Business Association, is chaired by Ramesh Maharjan, the former president of Negja. The federation was registered under the Social Organization Registration Act 1977 on Friday.

Negja and Nepal Gold and Silver Dealers Association (Negosida) are at odds over issues related to fixation of daily bullion price and distribution of gold among local dealers.

Bullion traders said Negosida is also in final preparation stages to register ‘Federation of Nepal Gold and Silver Dealers’.

Through its annual general meeting last month, Negosida decided to form an apex organisation after its attempt to join hands with the other bullion traders’ associations like Negja and Negosaa failed. “We are targeting to register our federation within this week,” said Tej Ratna Shakya, president of Negosida. He said they have received support from 43 district-level associations having membership of over 4,000 gold and silver dealers.

The Act requires the support from at least seven district-level associations to register an apex organisation. The executive committee of the newly registered organisation under the chairmanship of Maharjan includes Rudra Prasad Bairaili (first vice-president), Mahesh Man Shrestha (second vice-president), Rama Shankar Gupta (third vice-president), Bishan Shakya (general secretary), Dwarika Biswakarma (treasurer), Nabin Ratna Shakya and Krishna Lal Maharjan (secretaries) and six other traders as members.

The first meeting of the executive committee held on Saturday decided to expedite work on increasing the membership by inviting district-based associations of gold, silver, gems and Jewellery dealers, according to a press release of the federation.

A total of nine associations — Negja, Negosaa, the craft business association, Nepal Gem Dealers’ Association, Gem and Jewellery  Association (Lalitpur, Banke and Sunsari), Gold and Silver Dealers Association (Sarlahi and Janakpur) — have joined hands for forming the federation.

Justifiable gold distribution system, easy availability of quality raw materials, assurance of security, employment creation and Nepali products’ promotion and contribution to government revenue are some of the major agendas of the federation.

Bullion traders said formation of separate federations have divided local gold and jewellery dealers into two parts which would create more problems in future when it comes to policy issues and recognition from the government.

Posted on: 2013-02-11 09:12

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