A crucial change to GIA grading reports could restore confidence among the trade and consumers.
Category: Industry
Executive order won’t remove most import duties (yet).
Group will award $2,250 to each of four individuals pursuing a career in the industry.
Although nearly 90% feel high duties will hurt business, most do not expect to supplement with lab-grown or gemstones.
Organization expands documents from members-only to entire industry.
Local workers hold a 25% stake in the company through a trust.
Taxes will remain in place until October 14 to give president time to appeal to Supreme Court.
The antique-style stone on a yellow-gold band has an estimated value of $750,000.
To earn Premium grade, stones must have D color and at least VVS clarity.
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The August issue of the Rapaport Research Report outlines the trade’s options, from expediting exports to seeking out low-duty routes.