Veratad Technologies, LLC, a world class provider of Identity Verification and Compliance Solutions and the Jewelers Vigilance Committee (JVC), the trusted jewelry industry resource for trade and consumers , announced today that DCIT, Corp. will now offer Veratad’s IDMatch+PLUS, virtual identity verification along with JVC membership to its BusinessMind software solution customers. DCIT, a company [...]
MJSA Votes on ASTM Children’s Jewelry Safety Standard
MJSA, the association for jewelry makers and designers, has voted in favor of the proposed Children’s Jewelry Safety Standard, developed by the ASTM F15.24 Subcommittee on Children’s Jewelry. The subcommittee is chaired by the Fashion Jewelry and Accessories Trade Association (FJATA), and MJSA is a member. The other members include the Consumer Product Safety Commission [...]
Court ruling a major step forward for case against Canadian mining company
The Superior Court of Quebec has ruled that the case against Canadian corporation Anvil Mining Limited in relation to alleged involvement in a 2004 massacre in the Democratic Republic of Congo can proceed to the next stage. The class action against Anvil Mining was filed in the District of Montreal on 8 November 2010 by [...]
Police Seek Help with Armed Robbery of Jewelry Store
On Tuesday, April 26, 2011, at 2:08 PM., officers from the Santa Monica Police Department responded to the rear parking lot of 2025 Wilshire Boulevard regarding a report of an armed robbery that had just occurred. The victim, employed as sales representative for a jewelry company, reported that he had just finished having lunch and [...]
Diamond jewelry retailer Zale Announces Conclusion of SEC Investigation
Zale Corporation (NYSE: ZLC) today announced that the staff of the United States Securities and Exchange Commission (SEC) advised the Company that it has completed its investigation of Zale Corporation and does not intend to recommend any enforcement action against the Company. The SEC investigation commenced in October 2009 and was previously disclosed in the [...]
Exclusive Report: De Beers Ordered to continue supplying rough diamonds to Former Sightholder and Diamond Trader Spira
In 2009, diamond company Spira filed a complaint with the Belgian Competition Council, accompanied by a request for interim measures addressed to the President of the Competition Council. Spira requested to be supplied by De Beers with rough diamonds in the same way as previously, awaiting the outcome of its complaint on the merits. When [...]
Letter Opener Horse Set with Diamonds and with a Faberge Mark Investigated by the FBI Under Major Thefts
The FBI is investigating the theft of a 1895-1905 letter opener horse with a Faberge mark, a 56 gold mark, a silver 88 mark, and a Michael Perchin workmaster mark The letter opener features ruby eyes, and a band of diamonds below embedded in yellow and rose gold. Purple chinoiserie enameling with rose and yellow [...]
European Parliament Seeks “trust mark” for Online Retailers
The internet is the fastest growing channel for retail sales, yet only one in three consumers would consider shopping online from another EU-country. The European Parliament on Tuesday backed proposals to encourage cross-border e-trading and build consumer confidence. A European “trust mark” for websites that guarantee the reliability and quality of goods sold online across [...]
New Russian Presidential Decree on Precious Metals, Stones and Commodities Relates to Diamond Exports
Presidential Decree of 20 September 2010 gyu N 1137 “On Approval of the importation into the Russian Federation from countries outside the Customs Union within the EurAsEC, and export from the Russian Federation in the countries of precious metals, precious stones and commodities containing Precious Metals 1. To approve the attached Regulations on the Importation [...]
Guilty Plea Issued After MultiMillion Dollar Investment in Diamond Contracts and Asset Deals
A man pleaded guilty today to three counts of wire fraud stemming from his operation of a $100 million Ponzi scheme that defrauded investors of more than $30 million over an approximately 12-year period, announced David B. Fein, U.S. Attorney for the District of Connecticut, and Kimberly K. Mertz, Special Agent in Charge of the [...]
Thabex Court Case Relating to Angel Diamonds Postponed
Thabex Limited shareholders are advised that the Case relating to Angel Diamonds (Proprietary) Limited (Case number: CIV/APN/333/2010) in the High Court of Lesotho was to be heard on 30 August 2010. The Case has been postponed to 6 October 2010 in order for the Court to finalise the security for costs by the applicants in [...]
SAN FRANCISCO MERCHANTS CHARGED WITH TRAFFICKING COUNTERFEIT APPAREL AND ACCESSORIES WORTH MILLIONS OF DOLLARS INCLUDING COUNTERFEIT JEWELRY
Enforcement Action Against Retailers Of Designer Fakes Is Largest Ever On West Coast SAN FRANCISCO – The owners/operators of eight shops in San Francisco’s Fisherman’s Wharf district and several of the stores’ employees were charged in a 25-count Indictment as part of the largest federal enforcement action ever taken against West Coast retailers suspected of [...]
