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JAPAC Lobbies U.S. Officials on Synthetics Wording
Jun 22, 2016 9:10 AM
By Rapaport News
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RAPAPORT... The Jewelers
of America Political Action Committee (JAPAC) criticized a planned change to a
key jewelry guide that would allow the term “cultured” when referring to
synthetic diamonds.
JAPAC is opposed to the proposed amendment to the Federal
Trade Commission’s “Guides for the Jewelry, Precious Metals, and Pewter
Industries” that would permit the use of the word when describing lab-grown
diamonds.
A JAPAC-led delegation of jewelers raised the issue with
lawmakers in Washington, D.C., on June 15. Officials expressed interest in
supporting JA’s position, with Rep. Steve Stivers, a Republican congressman
from Ohio, noting his willingness to discuss the concerns with fellow
lawmakers.
The delegates also discussed sales-tax fairness, pushing for
passage of the Remote Transactions Parity Act (RTPA) in the House of
Representatives and the Marketplace Fairness Act (MFA) in the Senate. The
legislation would level the playing field on taxation between online and
brick-and-mortar businesses, JAPAC said.
“Jewelers of America’s annual trip to Washington, D.C., is a
critical piece of our overall efforts to give a strong voice to the industry,
because decision makers on Capitol Hill have power to influence issues that are
core to jewelry businesses, like sales-tax fairness,” says David Bonaparte,
president and chief executive officer of Jewelers of America.
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Tags:
JAPAC, Jewelers of America, Jewelers of America Political Action Committee, lobbying, Rapaport News, Synthetics
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