RAPAPORT… The number of jewelry pieces being sent to the International Gemological Institute (IGI) for grading and authentication continues to increase, indicating a faster-than-expected revival among jewelers, according to CEO Roland Lorie.
“I think that the problems come more from production and manufacturing than the consumer side,” Lorie said on episode 31 of the Rapaport Diamond Podcast. “I’m not going to say that everything is right on the consumer side, but orders are coming in. Retailers want to have goods in their shops and on their online platforms.”
Lorie also gave his views on hot-button issues affecting the industry and the grading labs, including lab-grown diamonds, traceability and automation in diamond grading.
Listen to the episode here:
