International News
GIA temporarily expands scope of laboratory services in Dubai and Hong Kong
In response to logistics challenges related to recently announced US tariffs affecting global shipments of gemstones, Gemological Institute of America (GIA) will temporarily expand services offered by the GIA Laboratory DMCC and the GIA Hong Kong laboratory.
D-to-Z diamonds, rough or polished, up to 9.99 carats may be submitted to the GIA laboratories in Dubai and Hong Kong.
D-to-Z diamonds, rough or polished, 10 carats and above and fancy colour diamonds may be submitted to the GIA laboratory in Hong Kong until further notice.
D-to-Z diamonds, rough or polished, up to 3.99 carats may continue to be submitted to the GIA laboratories in Bangkok, Dubai, Gaborone, Hong Kong, Johannesburg, Mumbai, Surat and Tokyo.
Rough diamond submissions are subject to the Kimberley Process Certification rules in each country; rough diamonds cannot be shipped to the GIA laboratory in Dubai, it noted.
The GIA laboratories in the United States (Carlsbad and New York) will continue to accept diamonds, coloured stones and pearls of any size from clients in the United States or with a United States country of origin.
The GIA laboratories in Bangkok, Hong Kong and Tokyo will continue to provide services for coloured stones and pearls, and the GIA laboratory in Mumbai will continue to provide pearl services.
International News
US Holiday Shopping Expected To Top $1 Trillion For The First Time: NRF
While Overall Buying Power Remains High, Ongoing Inflation and Rising Household Costs Mean Some Families Will Have To Watch Their Spending More Carefully Than Others
The National Retail Federation (NRF) predicts Americans will spend $1.01 trillion on holiday shopping in November and December. That is a 4.2% jump from $972 billion last year.
NRF said its forecast was based on economic modeling that incorporates consumer spending, employment, wages and ​historical retail sales data. It excludes automobile, gasoline and ​restaurant sales
​Extra Hiring: To handle the surge in shoppers, stores plan to hire 325,000 to 375,000 temporary holiday workers.
​Mixed Budget Impact: Higher gas prices and inflation could still strain some family budgets, affecting low- and high-income shoppers differently.
​Retailers expect a strong shopping season because people continue to make holiday spending a priority.
Store owners are ready to attract shoppers by offering competitive prices, deals, and choices for every budget.
While overall buying power remains high, ongoing inflation and rising household costs mean some families will have to watch their spending more carefully than others.
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US Holiday Shopping Expected To Top $1 Trillion For The First Time: NRF
Belgian Consul General H. E. Mr. Pierre Stverlynck Graces BDB Annual Day Â
Limelight Lab Grown Diamonds Crosses 100 Stores Milestone This Dussehra: Targets 200 In 2027
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International News17 hours agoUS Holiday Shopping Expected To Top $1 Trillion For The First Time: NRF
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National News11 hours agoBelgian Consul General H. E. Mr. Pierre Stverlynck Graces BDB Annual Day Â
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National News12 hours agoLimelight Lab Grown Diamonds Crosses 100 Stores Milestone This Dussehra: Targets 200 In 2027
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New Premises12 hours agoJoyalukkas Opens Its 2nd Bengaluru Showroom in Jayanagar
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