2014 will be one of the most important periods in the regulation of the circulation of minerals from the conflict zones of Africa, including gold. This year, legislation comes into effect that will affect thousands of jewelry companies that have a direct and indirect relationship to supplies to the US market. Also, standards are being developed that can affect jewelery suppliers in the markets of the EU countries. The consequences of these innovations will be discussed at a seminar that will be held on January 20 at the VICENZAORO Winter Exhibition in Vicenza, the press release received by Rough & Polished says.
The seminar titled "Legislation on conflict minerals in Europe and the US: how it affects the domestic jewelry business and exports" will be organized by Fiera di Vicenza, the Council for Responsible Jewelery Council, the World Jewelery Confederation CIBJO and Confindustria Federorafi. The seminar will be held on January 20, 2014 from 11:00 to 12:00 in the Palladio Room Fiera di Vicenza.
According to the rules for conflict minerals contained in Section 1502 of the Dodd-Frank Act, from 2014 onwards, companies registered on US stock markets, including major jewelry retailers, will be required to provide the Securities and Exchange Commission Exchange Commission) information on their supply chains. Using national or international standards of expertise, companies should clearly determine whether they are dealing with the supply of gold from the Democratic Republic of the Congo or neighboring countries.
Another legislative innovation is being developed in the EU zone: it is assumed that it will be based on existing regulations and guidelines, such as the OECD Due Diligence Guidance and the conflict minerals legislation in the United States.