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FTC Extends Deadline for Public Comment on Changes to Jewelry Guides

Published

10 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

Closing With Confidence: How Bailey's Fine Jewelry Achieved Outstanding Results With Wilkerson

When Trey Bailey, President and CEO of Bailey's Fine Jewelry, decided to close the Crabtree location in Raleigh, North Carolina after 15 years, he knew the decision needed to be handled with intention and professionalism. The goal was clear: exit the location while maintaining financial strength and honoring the store's legacy. Having worked with Wilkerson successfully in the past, Bailey understood the value of their comprehensive approach. "They understood both the emotional and financial sides of the store closing sale," Trey explains. "Their reputation for professionalism, results and care made it a very easy decision." The results exceeded expectations. Wilkerson helped Bailey's sell through significant inventory while maintaining the dignity of the closing process. "They don't just run a sale, they help close a chapter in the best way possible," Bailey says, strongly recommending Wilkerson to any jeweler facing a similar transition.