A special report of the World Jewellery Confederation (CIBJO) Ethics Commission authored by Tiffany Stevens and Sara Yood addresses the issue of why the newly revised Guides for the Jewellery, Precious Metals and Pewter Industries issued in July by the US Federal Trade Commission (FTC) seem to disregard harmonisation efforts made by the international trade.
The CIBJO report notes, “The FTC does not especially seek to harmonise global trade standards, but instead envisions its purpose as consumer protection in the United States.” The report, however states, ”The FTC tries to harmonise its guidance with international standards when possible, but it must base its guidance on Section 5 of the FTC Act. In contrast, many international standards are developed through industry consensus-building processes that are based not on Section 5's standards for preventing deception and unfairness, but rather other considerations, such as facilitating trade and promoting international cooperation.”
A CIBJO press release said that the other primary international standards of importance to the jewellery and gemstone sectors are those issued by ISO and the various CIBJO Blue Books. An in-depth discussion of these concepts and their potential for impact across the global market will be had at the 2018 CIBJO Congress in Bogotá, Colombia.