JVC PRESENTS “COLOR GEMSTONE SALES:
ARE YOU COMPLIANT OR AT RISK?” AT THE JA/NY WINTER SHOW
SEMINAR SPONSORED BY
AMERICAN GEMOLOGICAL LABORATORIESAttendees Will Receive “The Essential Guide to the
U.S. Trade in Irradiated Gemstones” brochure. New York City — February 24, 2008 – The Jewelers Vigilance Committee (JVC) is presenting “Color Gemstone Sales: Are you Compliant or at Risk?” sponsored by American Gemological Laboratories at the JA/NY Winter Show, Jacob Javits Convention Center, Sunday, March 9, 2:30 PM – 4 PM, meeting room 1E03. Panelists include Christopher Smith, vice president and chief gemologist, American Gemological Laboratories (AGL), Robin Spector, Federal Trade Commission (FTC) and Cecilia Gardner, JVC’s president, CEO and general counsel. Topics to be discussed include important information pertaining to disclosure of gemstone treatment to consumers, current legislation and initiatives on gemstones from Burma and updates on irradiated gemstones, including selling current inventories.
The panel will examine some of the challenges the colored gemstone industry face today, particularly supply side integrity – conditions under which colored gemstones are produced and distributed. Current regulatory requirements on trade in gemstones from Burma will be discussed, as well as the importance of disclosing the treatment of colored gemstones to consumers.
Seminar attendees will receive “The Essential Guide to the U.S. Trade in Irradiated Gemstones” brochure, co-authored by JVC and the American Gem Trade Association (AGTA).
Said Christopher Smith: “Compliance with FTC guidelines, as well as State regulations is a fundamental issue when selling gemstones and jewelry in the US. Yet many parties either over-generalize the transfer of such information to the consumer or simply ignore it, leaving purchasers with the assumed position of Caveat Emptor or Buyer Beware. Today, gemstone treatments are more extensive than ever before and they are becoming more and more complicated in terms of the techniques applied, means of identification and terminology for full and accurate disclosure. As a result, accurate gemological authentication and disclosure from independent third-parties is becoming increasingly more important.”
Said Cecilia Gardner: ““Color Gemstone Sales: Are you Compliant or at Risk?” focuses on the issues facing colored gemstone manufacturers and retailers and the steps the industry can take to disclose colored gemstone treatment to consumers, securing distribution licenses for irradiated gemstones and current legal initiatives in the House and Senate regarding gemstones from Burma.” JVC thanks American Gemological Laboratories and Michael Haynes for their support to sponsor this important legal compliance seminar.”
This seminar is free to attend. No registration is required. Light refreshments will be available. For more information about JVC’s free legal compliance seminars, products and services, visit JVC’s Website: jvclegal.org.
About Jewelers Vigilance Committee
Jewelers Vigilance Committee, founded in 1917, is a not-for-profit legal trade association fulfilling its mission to maintain the jewelry industry’s highest ethical standards. JVC offers dispute mediation and arbitration services for trade and consumers, compliance monitoring and precious metals testing, among many other services. JVC, long considered the industry’s guardian of ethics and integrity, is a resource for the entire jewelry industry and its customers as well as an industry representative before government agencies, media and adjunct fields. For more information visit: www.jvclegal.org.
About American Gemological Laboratories
Founded in 1977 by C. R. “Cap” Beesley, American Gemological Laboratories (AGL), a subsidiary of the publicly traded Collector’s Universe (NASDAQ: CLCT), pioneered the development of the world’s first comprehensive Colored Stone Grading System. AGL has also provided detailed country of origin and enhancement reports for some of the most prestigious retailers and auction houses in the world for the past three decades. Today, AGL’s Fast Track suite of services and comprehensive Prestige program offer certification services for nearly all gemstones. # # #
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