RESPONSIBLE GROWTH INDEX
Rating for Natural or Cultured Pearls, Precious Metals Clad with Precious Metal, Coins, Imitation Jewellery, Precious or Semi-Precious Stones
Covers:
- Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewellery; and coins.
Relevance and Impact
The market for precious materials, including natural and cultured pearls, precious and semi-precious stones, precious metals, and imitation jewelry, faces significant challenges related to sourcing, ethical mining practices, and the environmental impact of production. Concerns over exploitation in supply chains, unsustainable mining operations, and the growing demand for transparency in the sourcing of these materials are key pain points for businesses and consumers alike. Companies in this sector also struggle with maintaining consumer trust while balancing economic goals and environmental responsibilities.
By addressing these challenges through a responsible approach, businesses can reduce their environmental footprint, ensure ethical labor practices, and create products that are aligned with consumer demand for sustainability. The Rating System provides a comprehensive framework for evaluating and enhancing practices across the Environmental, Social, Economic, and Governance (ESEG) criteria. This empowers businesses to:
- Ensure Ethical Sourcing: Promote transparent sourcing practices, ensuring that materials are acquired responsibly, avoiding harmful mining practices, and supporting fair trade.
- Reduce Environmental Impact: Adopt sustainable production methods that minimize waste, conserve resources, and reduce energy consumption in the manufacturing process.
- Enhance Consumer Trust: Offer products that align with the growing consumer preference for ethically produced and sustainably sourced materials.
- Drive Economic Growth: Enable long-term profitability by tapping into markets that value responsible and eco-conscious products.
This holistic approach helps address the pressing challenges faced by businesses in this sector, fostering responsible growth and aligning with global sustainability goals.
What Will I Be Able To Do?
Tangible Benefits:
- Increase product demand by aligning with eco-conscious and ethical consumers.
- Secure access to eco-focused markets, including luxury goods and sustainable fashion sectors.
- Reduce environmental impact through responsible sourcing and production practices.
- Enhance product value by offering transparency in sourcing and ethical certification.
- Attract green investors and sustainable partnerships by demonstrating environmental commitment.
- Improve operational efficiency and cost-effectiveness by minimizing waste and energy use.
- Boost profitability by tapping into growing demand for sustainable products.
- Lower costs through resource optimization and waste reduction initiatives.
Intangible Benefits:
- Align with global trends toward ethical production and responsible consumption.
- Attract positive media attention for sustainability efforts in the luxury industry.
- Enhance employee pride and retention through commitment to sustainability.
What Will I Get?
This certification guides Natural or Cultured Pearls, Precious Metals Clad with Precious Metal, Coins, Imitation Jewellery, and Precious or Semi-Precious Stones companies by incorporating the following scopes:
Environmental Scope:
1. Encourages low-impact mining, mercury-free gold refining, and land rehabilitation.
2. Implements closed-loop water systems and eco-friendly ore extraction methods.
3. Promotes low-energy refining, CO₂ capture, and upcycled precious metals.
4. Supports marine ecosystem restoration and responsible aquaculture techniques.
Social Scope:
1. Implements Kimberley Process for diamonds and Fairmined Gold certification.
2. Ensures PPE use, safe mining practices, and fair wages for laborers.
3. Supports mining-affected communities through education and healthcare investments.
4. Encourages certified ethical jewellery and conflict-free gemstone traceability.
Governance Scope:
1. Aligns with Kimberley Process, OECD Due Diligence Guidance, and SEBI ESG regulations.
2. Enables real-time monitoring of gold, diamonds, and jewellery authenticity.
3. Implements mandatory audits, fair-trade verification, and ethical banking compliance.
4. Supports stricter labelling, certification, and fraud prevention policies.
Economic and Geopolitical Scope:
1. Encourages responsible gold mining and lab-grown gemstones.
2. Supports green financing for ethical jewellery businesses and recycled metal initiatives.
3. Ensures adherence to international trade and customs regulations.
4. Promotes lab-created diamonds, upcycled gold, and sustainable jewellery brands.
Innovation and Market Leadership Scope:
1. Encourages synthetic diamond growth, recycled platinum, and eco-friendly alloys.
2. Implements solar-powered smelting, hydrogen-based refining, and CO₂ capture in gold processing.
3. Uses digital ledgers for transparency in jewellery manufacturing.
4. Promotes recyclable gold, modular jewellery, and bioengineered luxury materials.
Certification Levels
REGI Responsible Products Certification Levels
Certification Level
Points Range
Description
1-STAR
Certified Level
40-49
Ideal for those initiating sustainable practices. A step towards a more responsible and eco-friendly approach.
2-STAR
Bronze Level
50-59
For entities committed to advancing sustainability initiatives. Recognizes efforts in resource efficiency and waste reduction.
3-STAR
Silver Level
60-69
Suitable for organizations with a substantial commitment to sustainability. Acknowledges achievements in various aspects of responsible practices.
4-STAR
Gold Level
70-79
Honors entities showcasing a high level of dedication to sustainable practices. Acknowledges excellence in resource efficiency, carbon footprint reduction, and waste management.
5-STAR
Platinum Level
80+
Represents the pinnacle of REGI certification. Signifies profound dedication to holistic sustainability, innovation, and continuous improvement.
Fee Structure
Registration Fee (Rs)
REGI Founding Member
₹25,000
REGI Annual Member
₹25,000
Non-Member
₹30,000
Certification Fee(Rs)
REGI Founding Member
₹1,25,000
REGI Annual Member
₹1,80,000
Non-Member
₹2,25,000
Pre-Certification Fee (Rs)
Member/Non-member
₹2,00,000
Expedited Review (Rs)
Member/Non-member
₹2,00,000
NOTES:
- Registration fee is a one-time fee paid at the beginning of the certification process.
- Fee is exclusive of Goods and Services Tax (GST)
- Certification fee is the main fee for assessing and certifying your product, service, or project.
- Registration, Precertification, Certification, and Expedited Review fee are non-refundable
- A mountable plaque can also be purchased by the project team at an additional cost of ₹25,000+GST
Payment Details (NEFT/RTGS):
Account No: 50100499521907
IFSC: HDFC0002649
Resources
Abridged List of References:
How Can I Apply REGI To My Products?
Get My Products REGI Certified!
Detailed Scope (As Per GST Classification)
Chapter Codes
Heading Codes
Heading Description
Chapter 71
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Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewellery; coin.
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7101
Pearls, natural or cultured, whether or not worked or graded but not strung, mounted or set; pearls, natural or cultured, temporarily strung for convenience of transport
71011010 HS Codes of Unworked
71011020 HS Codes of Worked
71012100 HS Codes of Unworked
71012200 HS Codes of Worked
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7102
Diamonds whether or not worked, but not mounted or set
71021000 HS Codes of Unsorted
71022110 HS Codes of Sorted
71022120 HS Codes of Unsorted
71022910 HS Codes of Crushed
71022990 HS Codes of Other
71023100 HS Codes of Unworked or simply sawn, cleaved or bruted
71023910 HS Codes of Diamond, cut or otherwise worked but not mounted or set
71023990 HS Codes of Other
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7103
Precious stones (other than diamonds) and semi-precious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport
71031031 HS Codes of Emerald
71031032 HS Codes of Yellow/golden/pink/red/green beryl
71031033 HS Codes of Chrysoberyl (including chrysoberyl cats eye)
71031034 HS Codes of Alexandrite (including alexandrite cats eye)
71031039 HS Codes of Other
71031041 HS Codes of Ruby
71031042 HS Codes of Sapphire
71031043 HS Codes of Moonstone
71031049 HS Codes of Other
71031051 HS Codes of Garnet
71031052 HS Codes of Lapis-lazuli
71031059 HS Codes of Other
71031061 HS Codes of Prehnite
71031062 HS Codes of Agate
71031063 HS Codes of Aventurine
71031064 HS Codes of Chalcedony
71031069 HS Codes of Other
71031071 HS Codes of Tourmaline
71031072 HS Codes of Tanzanite
71031079 HS Codes of Other
71031090 HS Codes of Other
71039110 HS Codes of Ruby
71039120 HS Codes of Sapphire
71039130 HS Codes of Emeralds
71039911HS Codes of Yellow/golden/pink/red/green beryl
71039912 HS Codes of Chrysoberyl (including chrysoberyl cats eye)
71039913 HS Codes of Alexandrite (including alexandrite cats eye)
71039919 HS Codes of Other
71039921 HS Codes of Moonstone
71039929 HS Codes of Other
71039931 HS Codes of Garnet
71039932 HS Codes of Lapis-lazuli
71039939 HS Codes of Other
71039941 HS Codes of Prehnite
71039942 HS Codes of Agate
71039943 HS Codes of Aventurine
71039944 HS Codes of Chalcedony
71039949 HS Codes of Other
71039951 HS Codes of Tourmaline
71039952 HS Codes of Tanzanite
71039959 HS Codes of Other
71039990 HS Codes of Other
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7104
Synthetic or reconstructed precious or semi-precious stones, whether or not worked or graded but not strung, mounted or set; ungraded synthetic or reconstructed precious stones, temporarily strung for convenience of transport
71041000 HS Codes of Piezo-electric quartz
71042010 HS Codes of Laboratory-created or laboratory grown or manmade or cultured or synthetic diamonds
71042090 HS Codes of Other
71049010 HS Codes of Laboratory created or laboratory grown or manmade or cultured or ssynthetic diamonds
71049090 HS Codes of OTHER
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7105
Dust and powder of natural or synthetic precious or semi-precious stones
71051000 HS Codes Of diamond
71059000 HS Codes of Other
-
7106
Silver (including silver plated with gold or platinum), unwrought or in semi-manufactured forms, or in powder form
71061000 HS Codes of Powder
71069110 HS Codes of Grains
71069190 HS Codes of Other
71069210 HS Codes of Sheets, plates, strips, tubes and pipes
71069220 HS Codes of Bar
71069290 HS Codes of Other
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7107
Base metals clad with silver, not further worked than semi-manufactured
71070000 HS Codes of BASE METALS CLAD WITH SILVER, NOT FURTHER WORKED THAN SEMI-MANUFACTURED
-
7108
Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder formNon-Monetary
71081100 HS Codes of Powder
71081200 HS Codes of Other unwrought forms
71081300 HS Codes of Other semi-manufactured forms
71082000 HS Codes of Monetary
-
7109
Base metals or silver, clad with gold, not further worked than semi-manufactured
71090000 HS Codes of BASE METALS OR SILVER, CLAD WITH GOLD, NOT FURTHER WORKED THAN SEMI-MANUFACTURED
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7110
Platinum, unwrought or in semi- manufactured form, or in powder form Platinum
71101110 HS Codes of Unwrought form
71101120 HS Codes of In powder form
71101900 HS Codes of Other
71102100 HS Codes of Unwrought or in powder form
71102900 HS Codes of Other
71103100 HS Codes of Unwrought or in powder from
71103900 HS Codes of Other
71104100 HS Codes of Unwrought or in powder from
71104900 HS Codes of Other
-
7111
Base metals, silver or gold, clad with platinum, not further worked than semi-manufactured
71110000 HS Codes of BASE METALS, SILVER OR GOLD, CLAD WITH PLATINUM, NOT FURTHER WORKED THAN SEMI-MANUFACTURED
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7112
Waste and scrap of precious metal or of metal clad with precious metal; other waste and scrap containing precious metal or precious metal compounds, of a kind used principally for the recovery of precious metal
71123000 HS Codes of Ash containing precious metal or precious metal compounds
71129100 HS Codes Of gold, including metal clad with gold but excluding sweepings containing other precious metals
71129200 HS Codes Of platinum, including metal clad with platinum but excluding sweepings containing other precious metals
71129910 HS Codes Of silver, including metal clad with silver but excluding sweepings containing other precious metals
71129920 HS Codes of Sweepings containing gold or silver
71129990 HS Codes of Other
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7113
Articles of Jewellery and parts thereof, of precious metal or of metal clad with precious metal Of precious metal whether or not plated or clad with precious metal
71131110 HS Codes of Jewellery with filigree work
71131120 HS Codes of Jewellery studded with gems
71131130 HS Codes of Other Articles of Jewellery
71131190 HS Codes of Parts
71131910 HS Codes Of gold, unstudded
71131920 HS Codes Of gold, set with pearls
71131930 HS Codes Of gold, set with diamonds
71131940 HS Codes Of gold, set with other precious and semi-precious stones
71131950 HS Codes Of platinum, unstudded
71131960 HS Codes of Parts
71131990 HS Codes of Other
71132000 HS Codes Of base metal clad with precious metal
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7114
Articles of goldsmiths’ or silversmiths’ wares and parts thereof, of precious metal or of metal clad with precious metal Of precious metal, whether or not plated or clad with precious metal
71141110 HS Codes of Articles
71141120 HS Codes of Parts
71141910 HS Codes of Articles of gold
71141920 HS Codes of Articles of platinum
71141930 HS Codes of Parts
71142010 HS Codes of Articles clad with gold
71142020 HS Codes of Other articles
71142030 HS Codes of Parts
-
7115
Other articles of precious metal or of metal clad with precious metal
71151000 HS Codes of Catalysts in the form of wire cloth or grill,
71159010 HS Codes of Laboratory and Industrial articles of
71159020 HS Codes of Spinnerets made mainly of gold
71159090 HS Codes of Other
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7116
Articles of natural and cultured pearls, precious or semi-precious stones(natural, synthetic or reconstructed
71161000 HS Codes Of natural or cultured pearls
71162000 HS Codes Of precious or semiprecious stones (natural, synthetic or reconstructed)
-
7117
Imitation Jewellery Of base metal, whether or not plated with precious metal
71171100 HS Codes of Cuff-links and studs
71171910 HS Codes of Bangles
71171920 HS Codes of German silver jewellery
71171990 HS Codes of Other
71179010 HS Codes of Jewellery studded with imitation pearls or imitation or synthetic stones
71179090 HS Codes of Other
-
7118
Coin
71181000 HS Codes of Coin (other than gold coin), not being legal tender
71189000 HS Codes of Other