Giving Credit & Udhaar in the Jewellery Trade, Safely
20 June 2026 · HisaabScore Team
The jewellery trade runs on credit and relationships, which makes it especially exposed to bad debt. To give udhaar safely: verify every new party's GST, check their payment reputation in the trade, set written terms and limits, and lean on industry-body membership (IBJA, GJEPC, GJC) as a credibility signal. Trust, but verify.
Why jewellery is high-risk for credit
High ticket sizes, long-standing relationships, and informal udhaar mean a single default can hurt badly — and "everyone knows who doesn't pay" knowledge usually stays trapped in private WhatsApp groups. A shared reputation network changes that.
Giving udhaar without the losses
- Verify the GSTIN and name. Check here.
- Check reputation — Good payer / Bad payer / Avoid from the trade.
- Membership signal — verified IBJA/GJEPC/GJC membership adds credibility. See what these bodies are.
- Limits & terms — small first, in writing, raised on good behaviour.