Jewelers of America (JA) returned to Capitol Hill last week, engaging with lawmakers on issues critical to the jewelry industry.
The annual fly-in, organized by the Jewelers of America Political Action Committee (JAPAC), took place on September 18, 2024, and focused on global supply chain concerns, retail crime, and credit card swipe fees.
Russian Diamond Restrictions at the Forefront
A key topic of discussion during the fly-in was the implementation of Russian diamond restrictions across G7 nations, including the United States. Jewelers of America has been vocal in its opposition to the European Union’s proposed system for physical verification and certification of all rough diamonds in Belgium. The organization argues that such a system would significantly disrupt the global diamond supply chain, with limited impact on Russia’s diamond revenue.
“This trip to Washington D.C. continued our essential representation for Jewelers of America, our members, and the United States jewelry industry,” said JA President & CEO David J. Bonaparte. “Jewelers of America members made it clear they do not want Russian diamonds in their inventories, but they also don’t want solutions that cause unnecessary disruptions to the U.S. diamond industry.”
Addressing Retail Crime and Economic Support for Jewelers
In addition to global supply chain issues, JA members emphasized the need for federal action on matters closer to home. The group raised concerns about rising retail crime, a growing threat to jewelers across the country. They met with Rep. Young Kim (R, CA-40), who introduced the Organized Retail Crime Act (H.R. 316). This legislation aims to enhance coordination between federal law enforcement agencies to better tackle retail crime.
“Our conversations focused on maintaining a supportive economic environment for jewelers, protecting the integrity of our diamond supply, and ensuring that safety measures are in place to combat retail crime,” noted Amina Sorel, a first-time fly-in attendee and owner of Amina Sorel Fine Jewelry in New York City. “It’s clear that when we come together as an industry, we can advocate effectively for policies that benefit not just our businesses, but our communities as well.”
Legislative Outreach and Broader Advocacy
During the event, JA members engaged with over two dozen lawmakers, including prominent senators and representatives from both parties. Among the legislators they met were Sen. Mark Kelly (D-AZ), Sen. Patty Murray (D-WA), Rep. Darrell Issa (R, CA-48), and Rep. Marc Molinaro (R, NY-19). The group also secured the support of a senior Republican member of Congress, who pledged to champion the industry’s concerns regarding diamond supply chain regulations.
The event featured a diverse delegation of jewelers from across the country, representing firms such as Alter’s Gem Jewelry in Texas, Ben Bridge Jeweler in Washington, and Hearts on Fire in Massachusetts. Key leaders from Jewelers of America, including President & CEO David J. Bonaparte, CFO Annie Doresca, and Public Affairs & Education Director Susan Thea Posnock, led the group.
Education and Networking at the Multifaceted Learning Workshop
In conjunction with the advocacy efforts, Jewelers of America hosted its Multifaceted Learning Workshop the day before the fly-in. The event offered a full day of education and networking opportunities for jewelers in the D.C. area. Attendees participated in sessions focused on business strategy, industry trends, and legislative updates, enhancing their understanding of key issues affecting their businesses.
