The deal on velvet...
"Because of its lifecycle, a general recommendation                      has been to quarantine new acquisitions for 20 days to avoid                      introducing the disease (Noga, 2000 and 
Trevor-Jones,                      2004), but I would urge most hobbyists to isolate them                      for a full month, with six weeks being optimal, for a number                      of reasons. The first reason is for uniformity. Because it                      will take at least a month to known if your new acquisition                      is free of 
Cryptocaryon irritans, it is better to simply                      get used to a long period of quarantine. Second, the signs                      of this infection are not obvious and, in my opinion, most                      aquarists can easily miss them. A full month or more of quarantine                      should give you enough time to notice the infestation, or,                      if you don't pick up on the signs, the fish will likely be                      dead by the end of the quarantine period."
from  
http://reefkeeping.com/issues/2004-0...ture/index.php