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The Essential Guide To The U.S. Trade In Gold And Silver Jewelry

The Essential Guide To The U.S. Trade In Gold And Silver Jewelry

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Published by AFLAC ............
The Essential Guide To The U.S. Trade In Gold And Silver Jewelry
The Essential Guide To The U.S. Trade In Gold And Silver Jewelry

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Categories:Types, Research
Published by: AFLAC ............ on Aug 30, 2010
Copyright:Attribution Non-commercial

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08/21/2014

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Te Essetia GuieT Te U.S. Tae I
Gold And SIlvEr JEwElry 
 
2
CONTENTS
Te Essetia GuieT Te U.S. Tae I
Gold And SIlvEr JEwElry 
3
IntroductIonthe GovernInG LeGaL StandardS
4
 to Stamp or not - GoLd and SILver
5
GoLd
8
SILver aLternatIve metaLS
9
GoLd StampInG Lawjvc (jeweLerS vIGILance commIttee) Summary 
 
3
INTRODUCTIONTHE GOVERNING LEGAL STANDARDS
 The Jewelers Vigilance Committee is commit-ted to provide a guidance tool or the trade on thesubject o silver and gold precious metal articles. The laws and regulations that govern the manu-acture and sale o industry products made withsilver and gold are well established. Some o theseregulations and laws go back to the beginning othe 20th century. The intention o this brochure isto ensure a greater understanding o these lawsso that they can be properly applied to the tradepractice in this area and, thereore, provide clear,accurate consumer inormation.New combinations and alloys o gold, silver and gold and other gold plated products are be-ing developed or use in jewelry in this increasinglytechnological world. The application o the law tothese products is essential to ensure consumer condence in these products. This publicationcan be used as a guide to achieve a greater un-derstanding o the legal requirements or identiy-ing, marking and marketing these products.
The inormation and guidance containedin this pulication is not meant to e anorm o legal advice.
 The legal standards that apply to the manuac-ture, sale and advertising o jewelry made o silver or gold are contained in three government regula-tions. First,
The National Gold and Silver Stamp-ing Act
is a ederal law that was enacted in 1905. Violations o this law carry sanctions that includeoreiture, civil and criminal monetary penalties,and even jail! This statue addresses standardsor neness o gold and silver, rules pertaining tothe making and marking o gold and silver objectsand provides or law suits that can be brought bycompetitors and jewelry trade associations or vio-lations o its provisions.
The Federal Trade Commission Guides forthe Jewelry, Precious Metal and Pewter Indus-tries
 was published in its current orm in 1996. These guidelines establish the standards the FTC will apply to claims and representations at all levelso the trade about “industry products” (jewelry andother objects) regarding any material aspect o theproduct. This includes labeling, promotional ma-terial, and all other orms o marketing, includingadvertising. Violations o these standards can leadto a FTC civil enorcement action that can imposeboth nes and injunctive relie. FTC guidancestandards are ully subject to the National Goldand Silver Stamping Act.
 ts ss sib iis b   l s   ls  s i   s l.

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