Archive for October 24th, 2008

Non Compliant Blue Topaz found in US, says GemClear

In an unexpected discovery, Gemclear discovered that a batch of Blue Topaz is not compliant with Nuclear Regulatory commission (NRC) rules for irradiated gemstones. This organization announced the recent disclosure early this week.

Tested in Dallas based laboratory, these gems actually originate from a New York Jewelry dealer. The report from lab also stated that these stones exceed the NRC's limit for residual radioactivity during the testin that took place in september. Although Rick Krementz, president of Gemclear, clearly pointed out that Blue Topaz is not a dangerous stone and its radioactivity would slowly fade out with time.

He also added that the stones would be ready by novemeber for distribution and that any process or treatement cannot increase the speed of decay except time. These recent findins have put Blue Topaz in the frozen zone until next proceedings. Market would not see any Blue Topaz sale till the next call.

Earlier in 2007, in November, NRC had announced that only those Jewelry companies who are licensed can import or initialy distribute irradiated stones in US. At the time when this was imposed, No US based jewelry company was licensed to meet up this expectation. Later a number of companies got license after proper scrutiny.

Krementz also adviced that every dealer should ensure that they import gems that are tested and are compliant with NRC norms and that they have a proper control over the supply chain.

JTV andesine-labradorite gemstone Lawsuit: Settlement Reached

It a lawsuit filed against Jewelry Television earlier this year, in regards to wrongly showing the gemstone information and disclosing details, has reached a settlement with its consumers. The consumers had sued JTV, the on air Jewelry retailer, for selling treated Gemstone without fully disclosing it.

The Lawsuit was filed alleging that red and green andesine labradorite gemstone was advertised as natural and not as lab produced. Its a crime to showcase a particular Jewelry as natural while it has been lab produced.

On the other hand, Jewelry Television team keeps on denying these allegations saying there was nothing wrong in the presentation. It kept claiming that the representation is based on industry literature and information which they got from the suppliers and gemstone lab reports from national accredited labs.

The details of the settlement has not be disclosed, its believed that JTV ended up giving cash refunds and JTV store credits to the consumers. It is also believed from the online statement on settlement that JTV would have to educate the consumers and hence conduct trainings for JTV employees to ensure that this gemstone is properly marketed in future.