Pritesh Patel, chief operating officer at the Gemological Institute of America (GIA), explains the organization’s digital strategy in this episode of the Rapaport Diamond Podcast.
In a conversation with Rapaport’s Avi Krawitz, Patel discusses the GIA’s move toward paperless reports, its use of artificial intelligence, the launch of its source-verification service and its general approach to environmental, sustainability and governance (ESG) issues, along with the implications of these various programs for the industry.
Listen to the podcast here:
01:20 – Introduction
02:10 – Pritesh explains the motivation behind the GIA’s drive toward paperless grading reports.
07:50 – Avi asks what it means to go digital.
10:30 – How retailers can tap into the digital GIA grading report.
11:40 – The trade wants the program accelerated, and Pritesh outlines the timeline.
15:50 – Technology and automation are boosting efficiency in the grading space.
21:45 – Will artificial intelligence (AI) reduce the subjectivity of diamond grading?
27:50 – Pritesh summarizes the GIA’s sustainability strategy.
30:40 – Differentiating between the GIA’s Diamond Origin report and its Source Verification Service.
This episode of the Rapaport Diamond Podcast is sponsored by De Beers Group Ignite: Pioneering a new diamond world through innovation.