NAJ points code of observe on authorized use of weighing tools
The Nationwide Affiliation of Jewellers has revealed a code of observe setting out how jewelry companies ought to use weighing tools when dealing with valuable metals and stones.
The steering, produced with Buying and selling Requirements, goals to make clear authorized obligations and cut back the danger of non-compliant transactions.
The doc explains when Class II weighing devices are required, the approvals and markings that jewellers ought to verify, and why tools should be calibrated for the placement by which it’s used. It additionally highlights widespread points, together with the usage of non-approved scales and the necessity to re-verify tools after it’s moved.
Issued as Assured Recommendation by means of the affiliation’s Major Authority partnership with Buying and selling Requirements, the code is meant to offer companies confidence that following its suggestions will meet regulatory necessities and help constant observe throughout the commerce.
Katie Gillespie, NAJ compliance and coverage supervisor, stated: “We all know that weighing valuable metals and stones is a vital a part of many jewelry transactions, however the authorized necessities may be complicated and are sometimes misunderstood.
“Buying and selling Requirements approached the NAJ for assist in producing clear, industry-specific steering, and we’re happy to supply NAJ members and the broader commerce a simple useful resource that helps compliance and protects each companies and customers. This Code of Observe will assist guarantee accuracy, equity, and professionalism throughout the commerce.”
The affiliation is encouraging all jewellers who work with valuable metals, gem stones or pearls to assessment the steering.
The code varieties a part of a wider collection of NAJ paperwork masking areas similar to diamond terminology, pricing and returns. These assets are designed to offer accessible explanations of sector-specific laws and can be found to the {industry}.
