The Jewellers Association of Australia (JAA) has corrected the false claims it made about its financial affairs in a statement published on 31 March.
These false claims were first documented by Jeweller on 10 April. The JAA board had claimed it had recorded losses in only two of the past ten years; however, it had actually incurred losses in four years.
This intriguing blunder occurred as part of a response to a letter distributed to industry suppliers by Expertise Events managing director Gary Fitz-Roy on 12 March.
The letter provided further context for the failure of the JAA’s Supplier Sub Committee. It addressed a range of other matters and noted that the JAA had "recorded losses over the past decade.”
The letter did not specify the number of years or the amount of money that the JAA had lost.
Nineteen days after Fitz-Roy’s letter was sent to suppliers, the JAA published a statement on its website titled 'Clarification regarding JAA Suppliers Sub Committee’. It said that the board "believes it is appropriate to clarify several factual matters".
The board noted: "The JAA also wishes to clarify that the suggestion the Association has recorded losses over the past decade. The Association has been financially stable overall, with the limited instances of two reported losses attributable to clearly identifiable and explainable factors."
Fitz-Roy’s claim about the JAA’s financial losses was factually correct, and the JAA’s unfortunate decision to challenge it led to...
News The Jewellers Association of Australia (JAA) has corrected the false claims it made about its financial affairs in a statement published on 31 March. These false claims were first documented b...