Watch: What Jewelers Need to Know About Russian Goods
Jewelers of America's David Bonaparte and Jewelers Vigilance Committee's Tiffany Stevens discuss how to navigate the Russia-Ukraine crisis.
The industry is having conversations about the legal, ethical, and moral considerations of dealing with diamonds and gold from Russia.
Associate Editor Lenore Fedow spoke with Jewelers of America President David Bonaparte and Jewelers Vigilance Committee President, CEO, and General Counsel Tiffany Stevens to discuss how to navigate this crisis.
The guests provided guidance on where to find up-to-date information about sanctions, how to vet supplier lists, how to utilize an anti-money laundering program, what to say to curious customers, and more.
Watch the full session above, and see below a list of helpful links:
OFAC Sanctions Search List
Jewelers Vigilance Committee's AML Services
The Diamond Source Warranty Program
Jewelers of America's Update on Russia/Ukraine Crisis
Jewelers, manufacturers and suppliers with questions can also call the OFAC Hotline at 1-800-540-6322.
Stay tuned for more episodes of “My Next Question” in May.
Disclaimer: The guidance and information given in the above video is accurate as of press time but subject to change.
The Latest
Though its website has been down for a week, Christie’s proceeded with its jewelry and watch auctions on May 13-14, bringing in nearly $80 million.
Despite the absence of “The Allnatt,” Sotheby’s Geneva jewelry auction totaled $34 million, with 90 percent of lots sold.
Lilian Raji gives advice to designers on how to make the most of great publicity opportunities.
Despite the rising prices, consumers continue to seek out the precious metal.
The mining company wants to divest its 70 percent holding in the Mothae Diamond Mine in an effort to streamline its portfolio.
Why do so many jewelers keep lines that are not selling? Peter Smith thinks the answer lies in these two behavioral principles.
The “Argyle Phoenix” sold for more than $4 million at the auction house’s second jewels sale.
Tradeshow risks are real. Get tips to protect yourself before, during and after and gain safety and security awareness for your business.
The annual list recognizes young professionals making an impact in jewelry retail.
Owner David Mann is heading into retirement.
While overall sales were sluggish, the retailer said its non-bridal fine jewelry was a popular choice for Valentine’s Day.
The mining giant also wants to offload its platinum business as part of an overhaul designed to “unlock significant value.”
Christie's is selling one of the diamonds, moving forward with its Geneva jewelry auction despite the cyberattack that took down its website.
The ad aims to position platinum jewelry as ideal for everyday wear.
Retailers can customize and print the appraisal brochures from their store.
The move follows a price-drop test run in Q4 and comes with the addition of a “quality assurance card” from GIA for some loose diamonds.
The site has been down since Thursday evening, just ahead of its spring auctions.
The late former U.S. Secretary’s collection went for quadruple the sale’s pre-sale estimate.
Three fifth graders’ winning designs were turned into custom jewelry pieces in time for Mother’s Day.
Kimberly Adams Russell is taking over the role from her father, David Adams, marking the third generation to hold the title.
As a token of womanhood, this necklace depicts when Venus was born from the sea.
The deal gives the retailer control over the distribution of Roberto Coin jewelry in the U.S., Canada, Caribbean, and Central America.
Show your mother some love with a piece of fine jewelry.
The company’s Easton location will remain open.
Brian D. Fleming of Carla Corporation was elected to serve a one-year term in the role.
Sponsored by the Las Vegas Antique Jewelry and Watch Show
Tobak, author of “Ice Cold: A Hip-Hop Jewelry History,” shares how the exhibition came to be, and the pieces people may be surprised to see.