Watch: What Jewelers Need to Know About Russian Goods

Apr 22, 2022

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.

Russia’s invasion of Ukraine has left jewelers with many unanswered questions.

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.

 Related stories will be right here … 
Lenore Fedowis the associate editor, news at National Jeweler, covering the retail beat and the business side of jewelry.

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