True with the stated Conway normalization. Fix at . The Jones polynomial skein relation becomes
The Conway polynomial satisfies . Put . An oriented smoothing changes the number of components by one, so these quantities satisfy precisely . Both and are one on the unknot and zero on every multi-component unlink: for , the split-union factor vanishes at this substitution.
These skein relations and unlink values determine the invariants uniquely. Switching a first undesired crossing gives a diagram closer to a descending diagram, while the smoothing term has fewer crossings; induction first on crossing count and then on undesired crossings reduces everything to unlinks. Thus . For a knot there is one component and the Conway-normalized Alexander polynomial gives
This is the signed Jones evaluation at minus one. Replacing by an arbitrary Laurent unit multiple would destroy the signed conclusion.