CBJ Industry Regulations 2

Question 1

Which federal agency enforces the Federal Trade Commission Act as it relates to jewelry advertising and misrepresentation of gemstone quality?

Accepted Answer

Federal Trade Commission

Answer

The FTC enforces truth-in-advertising rules for jewelry, including proper disclosure of treatments, synthetics, and metal content.

Question 2

Under FTC guidelines, what minimum gold content must a piece contain to be stamped '14K Gold Filled'?

Accepted Answer

1/20 of total metal weight

Answer

Gold-filled items must have a gold layer that is at least 1/20 of the total metal weight by the FTC standard.

Question 3

The Dodd-Frank Act Section 1502 requires US-listed companies to disclose use of conflict minerals. Which of the following is NOT one of the four covered minerals?

Accepted Answer

Cobalt

Answer

Cobalt is not one of the four 3TG conflict minerals; the covered minerals are tin, tungsten, tantalum, and gold.

Question 4

OSHA's Hazard Communication Standard (HazCom) requires jewelers to maintain Safety Data Sheets for hazardous chemicals. What is the minimum retention period for an SDS once a product is no longer in use?

Accepted Answer

30 years

Answer

OSHA requires that SDS records be retained for 30 years after the product is no longer in use to protect workers from long-latency diseases.

Question 5

When a jeweler purchases gold from the public, which regulation primarily governs record-keeping to help combat theft and fencing of stolen property?

Accepted Answer

State secondhand dealer or precious metals dealer laws

Answer

State-level secondhand dealer and precious metals dealer statutes require jewelers to record seller identification and hold purchased items for a mandated period before resale.

(CBJ) Certified Bench Jeweler Practice Test

(CBJ) Certified Bench Jeweler Practice Test

CBJ Industry Regulations 2