(diamonds.net) - Customers of the Gemological Institute of America (GIA) are experiencing severe delays to grading submissions, creating worries about inventory management, Rapaport News has learned. A sharp increase in rough buying since December has led to heightened demand for grading reports, while lower capacity because of Covid-19 restrictions has placed extra pressure on the GIA. The turnaround time in some markets is currently up to 25 days, compared with the usual period of around seven days, diamond manufacturers reported this week.
News
RZM Murowa diamond output dips as high-grade resources deplete
RZM Murowa produced 579 000 carats in 2020 from its operations in Midlands, Zimbabwe compared with 685 000 carats produced, a year earlier. Its parent company RioZim attributed the lower production to the processing of the low-grade K2 resources after...
Today
India’s gem and jewellery exports decline by 28.46% in FY ’20 – ‘21
A decline of 28.46% to $ 25.31 bn is seen in the overall exports of gem and jewellery in FY 2020-21 compared to $ 35.37 bn in the fiscal year 2019-20 as per the data issued by The Gem and Jewellery Export Promotion Council (GJEPC).
Today
GSI opens new laboratory in Jaipur India
Gemological Science International (GSI) has announced the opening of its newest laboratory in Jaipur, India. The Jaipur laboratory will offer all GSI’s core services.
Today
Forevermark brand introduces ‘Forevermark Icon™ Collection’
Forevermark, the diamond brand from De Beers Group, introduces the Forevermark Icon™ collection, a celebration of the brand’s distinctive ‘icon’ motif, which has been intrinsic to its DNA since its inception, says a press release from the company.
Today
Tanzania takes leadership of African Diamonds Producers Association
Tanzania has assumed the leadership of the African Diamonds Producers Association (ADPA) from Namibia. The country’s minerals minister Dotto Biteko will chair the association for a year.
Yesterday
