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What should jewelers do right now to avoid FTC compliance letters or worse, lawsuits?
How can vendors and retailers best protect themselves from new government policy enforcement of supply chain issues?
Can jewelers ensure a safe and fair workplace for employees while also decreasing legal risks as an employer?
Given the Wayfair Supreme Court case, how should a jeweler think about sales tax, and what resources are available to implement these new tax changes?
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Question #1 – Tiffany, we’ve seen the new FTC guides released last year for the first time in 22 years, and just this month we saw actual enforcement of the guides against companies not complying with the new guides. Can you highlight the top changes in the guides that need to be present in every jeweler’s advertising so as not to be on the receiving end of an FTC letter or worse, a lawsuit?Timestamp: [3:39]
Question #2 – We’ve heard about the State Department addressing our industry around potential new policy and attention to supply chain issues. Can you illuminate what’s going on, who in the industry needs to worry about this, what might be coming, and how a jeweler can best protect themselves? Timestamp: [5:51]
To shed light on the next couple of questions, we would like to invite Sara Yood, Senior Counsel for the Jewelers Vigilance Committee. Sara, welcome to the show.
Question #3 – Sara, given increased attention to harassment and discrimination, how can a jeweler ensure a safe and fair workplace for employees while also decreasing legal risks as an employer? Timestamp: [10:13]
Question #4 – So Sara, given the Wayfair Supreme Court case, how should a jeweler think about sales tax and what resources are available to implement these new tax changes? Timestamp: [11:52]
Question #5 – We’ve covered a lot of ground today, but is there one question that I should have asked you, but didn’t? Timestamp: [14:39]
Connect With Jewelers Vigilance Committee:
Website
Sara Yood on Twitter
Mentioned In The Show & Links
Jewelers Vigilance Committee: The same goals that started the Jewelers Vigilance Committee a hundred years ago, still guide it today. They educate and protect all levels of the jewelry industry against liability, litigation, and stop negative publicity. The JVC is a not-for-profit legal trade association whose mission is to ensure the highest ethical standards are maintained in the jewelry industry. The JVC is considered the industry’s watchdog for ethics and integrity and provides resources and assistance for the jewelry industry as a whole. They even act as an industry representative before the government.
“State Department Warns of Coming Jewelry Industry Crackdown” – Written by Rob Bates, published in JCK, on April 16th, 2019
“State Department Warns of Possible Enhanced Sourcing Regulations” – Written by Michelle Graff, published in National Jeweler, on April 16th, 2019
Our “Inside the Jewelry Trade” Radio Show Episodes
The host of “Inside the Jewelry Trade” Radio Show – Jewelry Business Strategist – President of Four Grainer LLC. Author of the business books “A Reason To Chant,” and “A Reason to Chant – Jewelry Trade Edition.” Rod lives in Atlanta with his wife and two almost-human cats.