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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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The London Bullion Market Association Releases Country of Origin (CoO) Sourcing Report

Data Highlights Overall Stability In Gold Sourcing, A Slight Contraction In Silver Volumes

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The London Bullion Market Association (LBMA) released its latest seven-year Country of Origin (CoO) sourcing report for Good Delivery List (GDL) refiners. The data highlights overall stability in gold sourcing, a slight contraction in silver volumes, and a continued dominance of recycled material across both metals.

Key Data Highlights

Gold Sourcing (5,536 tonnes total | ▲ 3% YoY)

Recycled Gold: Rose 7% to 3,755 tonnes, making up the bulk of overall supply.

Mined Gold: Dropped 5% to 1,782 tonnes.

Artisanal & Small-Scale Mining (ASM): Rose 24% to 54.6 tonnes (led by Bolivia at 18 t, Peru at 16 t, and the Philippines at 8 t).

Note

LBMA captures only a fraction of total global ASM production, estimated by Metals Focus at ~845 tonnes.

Silver Sourcing (33,446 tonnes total | ▼ 3% YoY)

Recycled Silver: 18,885 tonnes; Mined Silver: 14,561 tonnes

Notable Country-Level Trends

China: Gold recycling surged by 190 tonnes to reach 908 tonnes. In silver, reported mining volume spiked to 5,272 tonnes (up 2,212 tonnes), contrasting with independent estimates showing a modest national mine output drop.

Switzerland: Maintained its status as the largest European source for gold, accounting for 743 tonnes.

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