Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

GIA Reduces U.S. Workforce 9%

20 february 2009

The Gemological Institute of America (GIA) carried out its second resource action in three months yesterday. Laura Simanton, GIA's spokesperson, told Rapaport News that GIA management had hoped its 11 percent workforce reduction in December 2008 would prove deep enough to avoid additional layoffs in the U.S.
"But the economy has been so bad, and it is not improving, so the business necessity drove us to take another step," she said. GIA notified 103 workers — 9 percent of its workforce in the U.S. — that they would lose their jobs. Those affected were given 60 days leave with full pay and benefits, and will then get two weeks of severance, plus an additional week of pay for every completed year of service. GIA will also provide career counseling services to those who were laid off.
Additionally, all GIA management took up to a 20 percent reduction in salary, the pension plan was frozen, and those on hourly schedules will experience up to a 20 percent cutback in their work hours. Simanton said that GIA hopes the measures are only temporary. "There are no diamonds in the pipeline and the lab is how we get our revenue to drive our education and research funding. Hopefully we'll be able to restore full salaries and full hours when conditions improve. It is just a question of time," she said.