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Press Release: The Jewelers Vigilance Committee (JVC) published its “Essential Guide to Conflict Minerals and the Dodd Frank Act” instrument, which was underwritten by LeachGarner and Richline Group Inc. The guide provides useful information for anyone interested in Dodd Frank and is particularly geared to businesses anywhere in the gold, tungsten or tin supply chain. JVC said that The Dodd Frank Act is a significant law sure to have a wide ranging impact on the jewelry industry. The legislation, passed in 2010, addresses “conflict minerals” identified as tin, tantalum, tungsten and gold. Pursuant to Dodd Frank, companies that are listed with the Securities and Exchange Commission (SEC), and that use these minerals will have to provide specific information to the public concerning the minerals. Companies that supply SEC listed companies, either directly or indirectly, will be impacted and may have to institute new measures governing their supply chain. Specifically in this guide you will find:
• A summary of Dodd Frank and how it impacts companies dealing in these minerals (tin, tantalum, tungsten and gold)
• The impact of Dodd Frank on non-SEC listed businesses
• Suggestions on practical steps supplies can take to meet the needs of their
customers that must file reports with the SEC (or their customers that in turn
supply SEC reporting companies) and examples to illustrate these steps
• FAQ’s that might be helpful to your understanding of the impact of Dodd Frank
on your company and definitions of important terms, with explanations.
The new guide can be accessed at www.jvclegal.org. To keep up to date with JVC follow us on twitter @jvclegal and like us on Facebook.
Jewelers Vigilance Committee, founded in 1917, is a not-for-profit legal trade association fulfilling its mission to maintain the jewelry industry’s highest ethical standards. JVC offers dispute mediation and arbitration services for trade and consumers, compliance monitoring and precious metals testing, among many other services. JVC, long considered the industry’s guardian of ethics and integrity is a resource for the entire jewelry industry and its customers as well as an industry representative before government agencies, media and adjunct fields. For more information visit: www.jvclegal.org.
Rapaport News is not responsible for, and does not endorse, the content of any third-party press release. This is not a Rapaport Press Release. It has been provided as additional information for our clients.
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