Google+ The Daily Jewel: MJSA Heads FTC Task Force


Thursday, April 19, 2012

MJSA Heads FTC Task Force

Via the MJSA Newsletter:

MJSA Heads Task Force Reviewing
FTC Metals Guides

Metals ReviewFollowing the Federal Trade Commission's (FTC's) recent announcement that it will review its Guides for the Jewelry, Precious Metal, and Pewter Industries, MJSA is joining with other industry associations to provide the FTC with recommended updates. As part of that effort, MJSA is heading a Metals Task Force to address such issues as quality marking for bonded and mixed metals, labeling requirements, and overall fineness standards.

"The rise in precious metal prices has led many jewelry makers and designers to explore new, lower-cost alloys, many of which fall outside the current Guides," says David Cochran, president/CEO of MJSA. "Silver-filled jewelry has grown in popularity, for example, and standards need to be established, just as they were for gold-filled products. We've also seen the resurgence of palladium in jewelry making, as well as an increase in jewelry combining precious and non-precious materials. The Guides need to encompass all of these developments."

For more information, click here

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