After an interface meeting with the client from a foreign country, you and your wife along with the client and his wife are dining at an elegant restaurant celebrating how successfully the project is progressing thus far. During dinner, the client's wife presents your wife with a gift of jewelry. The gift is composed of precious stones native to the client's country. You company has a policy that all gifts under $1000 need not be reported. You believe that this gift is less than $1000 in value, but you are unsure.

a. Refuse to accept the gift since it may violate company policy

b. Accept the gift but do not report the gift since it was given to your wife rather than you.

c. Accept the gift and report it to your company even though you do not believe its value is over the $1000 limit

d. Explain the gift acceptance policy to you client and tell him that you cannot accept the gift until after discussions with your legal department.