JVC: Conflict mineral rule still stands
Despite last week’s court ruling, public companies listed with the Securities and Exchange Commission still have to trace their supply chains and file conflict mineral reports, the Jewelers Vigilance Committee said.
Ban on elephant ivory effective immediately
The U.S. Fish & Wildlife Service has implemented what is essentially a comprehensive ban on the commercial trade of elephant ivory, which comes as part of the White House’s new strategy for combating wildlife trafficking. The ban is effective immediately.
Tiffany & Co. to sponsor DEF’s Las Vegas gala
Tiffany & Co. has signed on as a premier patron sponsor of the Diamond Empowerment Fund’s gala in Las Vegas, the proceeds of which will benefit the organization’s educational initiatives.
Pebble mine plans on hold after EPA action
The Environmental Protection Agency has invoked its authority under the Clean Water Act to assess the impact that the proposed Pebble mine project in Alaska will have on the Bristol Bay watershed, meaning the project cannot go forward, at least for now.
JVC’s Dodd-Frank kit now available online
The Jewelers Vigilance Committee has announced that the Supply Chain Assurance Kit it created for members of the industry that need to comply with the “conflict” minerals provision of the Dodd-Frank Act is now available for purchase on its website.
Proposed Pebble mine is high risk, study finds
In what is being viewed as a victory for opponents of the Pebble mine project in Alaska, a final scientific assessment by the Environmental Protection Agency has found that severe impacts and risks are associated with large-scale mining in the Bristol Bay watershed.
JVC offering Dodd-Frank compliance kit
The Jewelers Vigilance Committee (JVC) has created a kit to help jewelry companies provide assurance that the gold and tungsten in their products are “conflict-free,” in accordance with the Dodd-Frank Act.
Judge calls for dismissal of EEOC case v. Sterling
A federal magistrate judge has recommended dismissal of the Equal Opportunity Employment Commission’s (EEOC) claim of nationwide sex discrimination by Sterling Jewelers Inc., parent company of Kay Jewelers and Jared the Galleria of Jewelry.
French court sides with Van Cleef in designer case
France’s highest court has upheld a ruling mandating that pieces created by full-time employees of jewelry firms belong to the firms themselves and are not the property of the individual designer, a ruling being called “very decisive” for French luxury goods companies.
Return fraud expected to increase 18 percent
Loss to retailers from return fraud during the holiday season is forecast to increase from $2.88 billion to $3.39 billion this year, a National Retail Federation (NRF) survey shows.
RJC releases updated Code of Practices
After more than a year of reviewing its mandatory member standards, the Responsible Jewellery Council (RJC) officially has launched its new Code of Practices.
Kay, Jared parent company buys polishing plant
Signet Jewelers Ltd. has purchased a diamond polishing facility in Gaborone, Botswana, a not-unexpected move for a company that has been talking about increasing its direct sourcing of rough for some time.
Pandora indicted for breach of trading act
Danish bead-maker Pandora said Friday that financial authorities in Denmark have indicted the company for waiting too long to report an expected drop in sales back in 2011.
Signet reportedly signing deal with Alrosa
Russia Today is reporting that Signet Jewelers, parent company of
Sterling Jewelers, and diamond miner Alrosa are on the verge of inking a
diamond sourcing deal worth $80 million.
Anglo withdraws from Pebble mine project
Anglo American PLC announced Monday that it is no longer going to take
part in the development of the Pebble mine in Alaska, a project that has
sparked heated debated between mining companies and local residents
because of its environmental implications
Crime down 12 percent through first 6 months of year
Six months into 2013, statistics from the Jewelers Security Alliance
(JSA) show that the number of crimes against the jewelry industry has
dropped, though the number of homicides is up and kidnappings and home
invasions remain a threat.