President Bush issued a proclamation stating that various US government agencies, including Homeland Security, Customs, State, Treasury and the US Trade Representative would take up the implementation of various requirements of the Act. The importation ban does not apply to Burmese jadeite or rubies that are imported for personal use, meaning for personal wear by the importer. Further, the bill does not address US sales of any inventory of Burmese jadeite or rubies currently in the US. US jewelers can to sell existing inventories of Burmese jadeite and rubies already in the US. Said Cecilia Gardner, JVC president, CEO and general counsel, “The ‘Tom Lantos Block Burmese JADE Act of 2008’ has serious and long-term impact on US jewelry manufacturers who import jadeite and rubies. Use of the new Customs Codes should begin immediately for all imports from non-Burmese countries of ruby and jadeite. JVC will continue to monitor developments with the agencies working to develop import instructions for non-Burmese ruby and jadeite to inform the trade on further implementation details.” Visit JVC’s website, www.jvclegal.org, for late-breaking news on the “Tom Lantos Block Burmese JADE Act of 2008,” along with other important legal compliance information and JVC products and services. 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. # # # |
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