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
A double-digit drop in the number of in-store crimes was offset by a jump in off-premises attacks, JSA’s 2023 crime report shows.
Inspired by the Roman goddess of love, the designer looked to the sea for her new collection.
The luxury titan posted declining sales, weighed down by Gucci’s poor performance.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
The selected nine organizations have outlined their plans for the funds.
The mining company’s Diavik Diamond Mine lost four employees in a plane crash in January.
The crown introduced a dozen timepieces in Geneva, including a heavy metal version of its deep-sea divers’ watch.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
Emmanuel Raheb recommends digging into demographic data, customizing your store’s communications, and retargeting ahead of May 12.
Located in the town of Queensbury, it features a dedicated bridal section and a Gabriel & Co. store-in-store.
A 203-carat diamond from the alluvial mine in Angola achieved the highest price.
Ruser was known for his figural jewelry with freshwater pearls and for his celebrity clientele.
The “Rebel Heart” campaign embodies rebellion, romance, and sensuality, the brand said.
Editor-in-Chief Michelle Graff shares the standout moments from the education sessions she attended in Austin last week.
The overhaul includes a new logo and enhanced digital marketplace.
The money will go toward supporting ongoing research and aftercare programs for childhood cancer survivors.
A new addition to the “Heirloom” collection, this one-of-a-kind piece features 32 custom-cut gemstones.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The move will allow the manufacturing company to offer a more “diverse and comprehensive” range of products.
From now through mid-May, GIA will be offering the reports at a 50 percent discount.
De Beers’ rough diamond sales were down 18 percent year-over-year in its latest round of sales.
Sponsored by the Las Vegas Antique Jewelry & Watch Show
The Patek Philippe expert will serve as personal curator for the brand-focused company.
The 553-square-foot shop is aboard the Carnival Jubilee cruise ship.
NDC filed a complaint against Skydiamond for use of phrases like “diamonds made entirely from the sky.”
John Carter received the AGS’s highest honor Tuesday afternoon at Conclave in Austin, Texas.
LVMH said the company performed well despite an uncertain geopolitical and economic environment.