Headlines

FTC Extends Deadline for Public Comment on Changes to Jewelry Guides

Published

8 years ago

March 7, 2016

INSTORE Staff

The government body is seeking answers to 75 questions.

In response to a request from the Jewelers Vigilance Committee, the Federal Trade Commission has extended the deadline for submitting public comments on proposed amendments to its Jewelry Guides, according to a release from the FTC. The new deadline is June 3.

The Jewelry Guides explain to businesses how to avoid making deceptive claims about precious metal, pewter, diamond, gemstone and pearl products, including what types of disclosures are needed.

The latest proposals from the FTC includes a list of 75 questions to which the FTC has requested answers. This information could inform the FTC’s decision on changes to the Jewelry Guides, a release from the JVC explains. The process of revising the Guides began in 2012 with trade associations filing their first suggested changes, and has included two rounds of written submissions by a coalition of industry associations. Hundreds of industry members have also separately filed comments, the JVC release added.

Read the FTC’s full release

This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”