International News
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.
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.
International News
Gemfields Group CEO Sean Gilbertson Will Step By Mutual Agreement On 15 July 2026
The Company Has Appointed David Lovett As Interim CEO, While He Continues To Oversee The Finance Function, Ensuring Leadership Continuity During The Transition Period.
Gemfields Group has announced that Chief Executive Officer Sean Gilbertson will step down from his position by mutual agreement on 15 July 2026, marking the end of an eight-year tenure at the helm of the coloured gemstone producer. The company has appointed David Lovett as interim CEO, while he continues to oversee the finance function, ensuring leadership continuity during the transition period.
Having assumed the CEO role on 31 March 2018, Gilbertson has played a defining role in shaping Gemfields’ strategic direction, strengthening its global reputation in responsibly sourced coloured gemstones, and advancing the company’s initiatives in sustainability, transparency, and community development. Under his leadership, Gemfields reinforced its position in the emerald and ruby sectors, while promoting greater traceability and ethical standards across the wider gemstone industry.
The leadership change comes at a pivotal moment for the Group. In recent months, Gemfields has been contending with a combination of operational and market headwinds, including production constraints, softer market conditions in certain categories, and pressures on cash flow. These challenges have underscored the need for strategic agility and disciplined capital management as the company works to maintain operational resilience and long-term growth.
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