Federal Trade Commission
Since 1914, the FTC has worked to prevent unfair methods of competition in commerce. In 1938, Congress passed a broad prohibition against “unfair and deceptive acts or practices.” Since that time the FTC has been directed to oversee a wide variety of consumer protection laws. In 1975, the FTC was given the authority to adopt industry-wide trade regulation rules.
Information regarding the FTC and its relationship with the jewelry industry can be found at the link below.