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GIA Suspends Acceptance of Overseas Submissions Requiring US Shipment

The Gemological Institute of America (GIA) has temporarily suspended the acceptance of goods at its international laboratories that require shipping to the US for services. This decision comes in response to new tariffs introduced by President Donald Trump’s administration.

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In a recent communication to clients, GIA advised customers outside the US to refrain from sending items directly to its American labs for grading or other services. The institute explained that a baseline 10% tariff now applies to all goods imported into the US, with additional duties imposed on items from countries such as India, South Africa, and Thailand starting April 9. These tariffs affect gems sent for laboratory services, even if they are not intended for sale.

“There is a baseline 10% tariff on goods being imported into the US,” the GIA explained. “Additional tariffs for products from specific countries, including India, South Africa, Thailand and others, will begin on April 9. These tariffs will apply to gems being shipped to a GIA laboratory in the US, even if only for laboratory services and not for sale.”

The US recently implemented steep “reciprocal” tariffs, including a 27% import duty on Indian goods and 20% on those from the EU. While a Temporary Importation Under Bond (TIB) provision exists to exempt goods not for sale, industry experts have cast doubt on its applicability, asserting there are no valid exemptions for imported goods.

GIA acknowledged the potential confusion caused by these regulatory changes and urged clients to ensure compliance with US import laws. The organization is assessing the situation and considering operational adjustments to maintain service continuity at its international labs. Meanwhile, clients are responsible for any tariff charges incurred when shipping to GIA’s US locations, based on the country where the diamond was substantially transformed.

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International News

Gold and Silver Retreat As Dollar Holds Multi-Year Highs AUGMONT BULLION REPORT

Gold Slipped Below $4150 and Silver Edged Toward $63, On Mounting Expectations Of Federal Reserve Rate Hikes

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  • Price Movement – Gold slipped below $4150 and Silver edged toward $63, continuing their recent downward trend as mounting expectations of Federal Reserve rate hikes overshadowed cautious optimism around active US-Iran peace talks. Sterling is under additional pressure as the UK braces for an imminent change in prime minister. Meanwhile, speculative yen selling is intensifying, steadily testing the Japanese government’s tolerance threshold.
  • Geopolitical Event– US has issued Iran a 60-day licence to sell oil on international markets, raising expectations of a faster-than-anticipated recovery in global crude supply. Traffic through the Strait of Hormuz has picked up, with producers including Kuwait and the UAE actively securing alternative export corridors. Iran alone shipped over 30 million barrels in the past week, signalling a meaningful near-term supply uptick.
  • Macro-Economic Event – Market attention this week centres on the upcoming PCE report — the Fed’s preferred inflation measure — which is expected to shed fresh light on underlying price pressures. According to the CME FedWatch tool, traders are now pricing in an 89% probability of a Fed rate hike in December, a sharp jump from 61% prior to last week’s FOMC meeting.

Technical Triggers  

  • With Gold having broken below $4,200, the next key support zone sits at $4,050–$4,100, equivalent to approximately Rs 1,43,000–Rs 1,44,000
  • Silver’s breach of the $65 support level shifts focuses to the $60–$61 range, or roughly Rs 2,20,000–Rs 2,15,000 on domestic markets.

Support and Resistance

International Gold Support Level
International Gold Resistance Level
Domestic Gold Support Level
DomesticGold Resistance Level
: $4060/oz
: $4350/oz
: Rs 143,000/10 gm
: Rs 154,000/10 gm
International Silver Support Level
International Silver Resistance Level
Domestic Silver Support Level
Domestic Silver Resistance Level
: $60/oz
: $71/oz
: Rs 254,000/kg
: Rs 215,000/kg
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