2/1/2010 |

Program to Enhance JVC’s Core Mission and Special Projects
Including Monitoring Programs, Litigation and Regulatory Activities

New York City — February 1, 2010   — Jewelers Vigilance Committee (JVC) has been awarded a grant from the JCK Industry Fund to launch  Phase II of the Jade Act of 2008 and continued implementation of the United States Kimberley Process Scheme, FTC Red Flags Rule and USA PATRIOT Act.  

In 2008, JVC developed the Industry Protection Program (IPP) to respond to the growing demand for increased JVC services, products and participation in industry representation. The same year, The JCK Industry Fund awarded JVC a generous grant to launch IPP. 

JVC has utilized its IPP program to spearhead several important and highly visible projects, including: support for the Kimberley Process, clarification on irradiated gemstone laws, facilitating compliance with the FTC’s Red Flag Rule to prevent and detect Identity theft and the USA PATRIOT Act.

Comments Cecilia Gardner, JVC’s president, CEO and general counsel: “JVC thanks the JCK Industry Fund for its generous grant award and ongoing support of JVC’s programs and initiatives.”  

JVC continues to provide the central point of contact with government agencies responsible for implementation of established and new regulatory requirements for the industry.  The Clean Diamond Trade Act, the Tom Lantos JADE Act, the FTC’s Red Flags Rule, the USA PATRIOT Act are regulatory systems that have been applied to the jewelry industry.  Customs laws, the FTC Guides for the Jewelry Industry and the National Gold and Silver Stamping Act continue to apply to trade practices.  JVC will continue to provide important compliance guidance on these issues for industry members.”

JVC’s IPP replies to jewelry industry questions and to special issues and emergencies that confront the industry.  JVC’s IPP can help the association to respond to government requests for services, expand government relations and address outreach from regulators, consumer groups and regulatory activities. .JVC’s IPP services are available to the entire jewelry industry regardless of sector and JVC membership. A stronger JVC is good for the entire jewelry community.”

For more information about JVC’s IPP, contact JVC, 212-997-2002. Visit JVC’s Website: www.jvclegal.org for information about JVC products, services, legal compliance seminars and late-breaking news affecting the    jewelry industry.

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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