Regulatory Standards & Compliance Flashcards

Which federal statute broadly prohibits unfair or deceptive acts in commerce and underlies FTC jewelry enforcement?

Answer: Section 5 of the FTC Act

The FTC Jewelry Guides interpret Section 5 of the FTC Act as applied to jewelry marketing.

Since 2024, U.S. sanctions restrict importing which diamonds?

Answer: Russian-origin diamonds, including certain ones polished in third countries

U.S. determinations under EO 14068 ban Russian-origin non-industrial diamonds, extended to qualifying stones processed elsewhere.

Precious coral (Corallium species) in international trade may be subject to which regulatory framework?

Answer: CITES

Certain precious corals are listed under CITES, requiring permits for cross-border trade.

Under the National Gold and Silver Stamping Act, a seller who stamps a quality mark (e.g., 14K) must also:

Answer: Apply a registered trademark of the responsible party

Items bearing a quality mark must also bear a registered trademark identifying who is responsible for it.

Under the FTC Guides, if a diamond's weight is stated in decimal form (e.g., 1.50 ct), the figure must be:

Answer: Accurate to the last decimal place shown

Decimal weight representations must be accurate to the last stated decimal place.

Under the Magnuson-Moss Warranty Act, a written warranty on a consumer product costing more than $15 must be:

Answer: Made available to the buyer before the sale

The Pre-Sale Availability Rule requires warranty terms to be accessible to consumers before purchase.

Under federal law, the lead content limit for substrate materials in children's jewelry is:

Answer: 100 ppm

The CPSIA limits lead in accessible substrate of children's products, including jewelry, to 100 ppm.