Jewelers Vigilance Committee (JVC) senior counsel Suzan Flamm presented a seminar called Dodd-Frank & Conflict Minerals: What it means for your gold and tungsten supply chains at the JA New York summer show on July 28.
The Dodd-Frank Wall Street Reform & Consumer Protection Act requires that publicly-held companies report to the US Securities and Exchange Commission on the origins of the gold and tungsten they use.
Companies are obliged to find out from their suppliers about the source of the minerals, and about the due diligence measures they take to ensure a responsible supply chain In order to comply with the law.
The presentation looked specifically at what the Dodd-Frank legislation requires, how it impacts jewelers, and what steps they can and should take about the source of the gold and tungsten in products they sell.