JVC Essential Guide Series

This guide provides readers with a practical explanation of the revised FTC Jewelry Guides for those who manufacture, promote and sell platinum jewelry. This guide covers legal standards for platinum, answers to frequently asked questions and two platinum tolerance charts. The guide also explains how to stamp and describe both traditional platinum products and products containing a minimum 500 ppt platinum alloyed with base metal.

Contents included in guide

• Conducting business on memo: risks and precautions
• Consignment and secured transactions
• Creating the consignment and perfecting the security interest
• Sample ucc-1 form
• Staying protected: required follow-up
• Note about bankruptcy proceedings – preferential transfers
• Additional safeguards
• Frequently asked questions
• Glossary

This essential guide explains all NRC rules and the industry’s compliance obligations, and will guide retailers to develop their own policies regarding trade in these gemstones.

Contents included in guide

• NRC regulations and licensing
• Initial possession of irradiated gemstones
• Distributing irradiated gemstones or jewelry containing irradiated gemstones
• Retail sales in the U.S. Of irradiated gemstones or jewelry containing irradiated
• Gemstones
• Manufacturing jewelry in the U.S. With irradiated gemstones
• Manufacturing jewelry with irradiated gemstones outside the U.S.
• Must licensed importers, possessors and distributors owe the goods that they
• Import, possess or distribute?
• Can the license holder be located outside the U.S.?
• Do the nrc regulations apply to finished product containing irradiated gemstones?
• Frequently asked questions.

The Dodd Frank Act is a significant law sure to have a wide ranging impact on the jewelryindustry. the legislation, passed in 2010, addresses “conflict minerals” identified as tin,tantalum, tungsten and gold. pursuant to dodd frank, companies that are listed with thesecurities and exchange commission (sec), and that use these minerals will have to providespecific information to the public concerning the minerals. companies that supply sec listedcompanies (either directly or indirectly) will be impacted and may have to institute newmeasures governing their supply chain.

Contents included in guide

• A summary of Dodd Frank and how it impacts companies dealing in these minerals (tintantalum tungsten and gold)
• The impact of Dodd Frank on non-sec listed businesses
• Suggestions on practical steps supplies can take to meet the needs of their customersthat must file reports with the sec (or their customers that in turn supply sec reportingcompanies) and examples to illustrate these steps
• FAQ’s that might be helpful to your understanding of the impact of dodd frank on yourcompany and definitions of important terms, with explanations.

Please refer to this web site for updates and commentary concerning further information on the Kimberley Process. Contact Cecilia Gardner at 212-997-2002 or contact JVC with questions. This guide is intended for anyone who trades in rough or polished diamonds only.

In order to qualify, a wholesaler must sell for the purposes of resale only. This excludesadvertising wholesale prices directly to the consumer, the end-user. Several states now enforcestrict laws against false and misleading advertising, including selling products at allegedly “wholesale” prices to consumers.

Please contact Jo-Ann Sperano, JVC’s Paralegal/Mediator with questions about wholesaleadvertising laws in your state.

Your legal compliance can increase consumer confidence and help boost sales!

The Jewelers Vigilance Committee (JVC) has released a new publication, “the essential guideto the U.S trade in materials from plant and wildlife products. This guide concentrates on gemmaterials that have been classified by international, federal, and/or state laws as protected.Readers will learn what is required to import and export these goods.Compliance with these legal standards will protect vulnerable species and help you to avoidenforcement actions. Violations of these laws can result in seizures or significant penalties,including costly fines and possible jail time.

Contents included in guide:

• Important laws governing the trade in protected species
• USFWS import/export license and filing declarations
• Exemptions for jewelry retailers and collectors
• Obtaining permits and filing declarations
• Penalties and fines
• State laws regarding endangered species