JVC’s Dodd-Frank kit now available online
January 30, 2014
The Jewelers Vigilance Committee has made its Supply Chain Assurance Kit available for purchase online. It’s priced at $100 for JVC members and $250 for non-members.
New York--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.
The Supply Chain Assurance Kit costs $100 for JVC members and $250 for non-members, and can be purchased here.
JVC first announced that it would offer this kit earlier this month.
Under the conflict minerals provision of the Dodd-Frank Act, companies listed with the Securities and Exchange Commission must disclose through a filing if any of the gold or tungsten products they sell are not conflict-free, meaning they benefitted armed groups in the Democratic Republic of the Congo or one of its nine neighboring countries.
This means that every company in the direct or indirect supply chain of SEC-listed companies will need a supply chain assurance system to make this determination, which the Supply Chain Assurance Kit will help them to do.
The assurance kit was created based on standards issued by the Organisation of Economic Co-operation and Development (OECD) for responsible supply chains.
The kit materials are not the same for every business, according to the JVC. Assurance systems differ depending on where a company is on the mineral supply chain and whether it is supplying gold or tungsten, and for this reason JVC’s kit offers customized guidance and templates to meet obligations created by the Dodd-Frank Act.
It also includes an explanation and examples to help users determine their position on the supply chain and exactly which kit materials to use.