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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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Gold and Silver Hold Bullish Bias Amid Fed Rate Ambiguity and Geopolitical Risk-AUGMONT BULLION REPORT

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  • Demand and Supply – Gold and silver are carrying forward last week’s uptrend, helped by fewer bets on the Federal Reserve tightening policy next month, as investors wait for key U.S. inflation data that could reshape expectations around the Fed’s path.
  • Geopolitical Tensions – The U.S. and Yemen’s Iran-backed Houthi rebels reported separate shipping attacks on Tuesday, while hopes of ending the Iran war seemed to fade further, as Tehran said the Strait of Hormuz would stay shut unless Washington agrees to its terms.
  • Macro-Economic Signals – As investors wait for U.S. inflation data for clues on the Fed’s policy direction, a stronger reading could support a tighter stance and add more pressure on gold, while a softer number could bring some relief. Traders are currently pricing in a 50% chance of a hike in September, down from 60% before the jobs report. 

Technical Triggers  

  • Gold’s break above $4200 (~Rs 1,46,000) has opened the way toward $4,500 (~Rs 1,56,000). Gold is holding support at its uptrend line through August. Near-term support sits at $4350 (~Rs 153,500).
  • Silver’s move past $63 (~Rs 2,30,000) has opened the path toward $70-71 (~Rs 2,50,000-2,55,000).

Support and Resistance

International Gold Support Level
International Gold Resistance Level   Domestic Gold Support Level
Domestic Gold Resistance Level
: $4350/oz
: $4500/oz  
: Rs 151,500/10 gm
: Rs 156,000/10 gm
International Silver Support Level
International Silver Resistance Level
Domestic Silver Support Level
Domestic Silver Resistance Level
: $63/oz
: $70/oz  
: Rs 230,000/kg
: Rs 255,000/kg





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