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Shaping Gem Enthusiasts for a Global Retail Reality: Inside GSI’s Colored Stone Program

By Ramit Kapur, Managing Director GSI India 

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One of the recurring questions I hear from retailers, whether in the heart of Mumbai or in the luxury corridors of New York is this: Where do we find individuals who truly understand colored stones? Not just those who can name them or describe their appearance, but professionals who understand their essence. People who grasp quality, origin, treatments, pricing influences and most importantly, how all of it directly impacts customer trust and retail flow.

Too often, gemology education ends at surface-level theory. Students know the textbook answers but lack the confidence to apply that knowledge when faced with a real-world stone. That’s because being a gemological professional is never about just one thing; it’s a sum of many factors. Theory is essential, but without hands-on exposure, it stays abstract. Practical lab experience should be backed by a mindset that encourages critical thinking and pattern recognition. Add to that real-world exposure, problem-solving under pressure, and the ability to communicate insights clearly and you begin to shape someone truly capable.

A Lab-Driven Approach to Learning

That’s the exact gap GSI set out to address when we created the Colored Stone Professional (CSP) Diploma Program. 

With our global expertise, advanced instrumentation, and access to live inventory, we are in a special position to build a course that doesn’t just skim the surface, but goes deeper, one that stands out in a sea of generic gemology programs. Our vision is to go beyond just another degree course and create professionals of the very standard we’d want to hire for our own labs: accurate, efficient, thoughtful. And once trained, whether they choose to become designers, sourcing leads, retail trainers, or full-time gemologists, the world becomes their oyster.

Our approach to this course is not purely academic. We built it from the inside out; as industry participants who live this work every day. GSI, as a global laboratory, examines gemstones daily from all major trading centers. Our experts are constantly updated; researching detection techniques, documenting treatment trends, and working with inventories that reflect the full range of market realities. With that vantage point, we are set to solve a real industry problem: the widening gap between gemological knowledge and real-world application.

The CSP Difference 

I could write an entire book on why this course is different. And honestly, I can’t stress enough the value of learning from a global laboratory like GSI that is connected to daily realities across continents. That makes GSI a platform reflecting something much deeper than theory, it reflects practice, insight, and precision. So while I could list countless strengths of the Colored Stone Professional (CSP) Diploma, here are a few that I believe define its true character.

First, the practical exposure is unmatched. Students don’t just “learn” stones, they work with 800 gemstones across the span of the course. It’s a curriculum-integrated journey that helps them observe and identify inclusions, verify treatments, and understand what those treatments mean in real market conditions. 

Then comes instrumentation. Students get the opportunity to attend advanced lab sessions, where they experience GSI’s state-of-the-art instrumentation firsthand, and understand its applicability. When they see how and why FTIR, UV-Vis, and advanced spectroscopy are used, they begin to appreciate the rigor behind every report.

We also take them to the source. Our mine visits aren’t just field trips. They’re reality checks. Students see rough material in its natural environment, understand how value begins at origin, and how supply chain complexities play out from mine to market. They grasp pricing at the root, not just from the price tag on a finished piece.

And finally, perspective. We bring in industry veterans for open sessions. These are not scripted lectures, they’re candid conversations. Students are encouraged to ask, challenge, and absorb insights from people who’ve spent decades in design, manufacturing, trading, and retail. The result is perspective rooted in reality.

International curriculum with a domestic blend. 

The CSP diploma program has been carefully curated by some of the finest minds in the gem and jewelry world;not just in India, but globally. Our team includes global experts who ensure the curriculum remains current, rigorous, and industry-relevant across borders. It’s updated frequently to reflect the latest market realities, treatment discoveries, and sourcing challenges.  The diploma  itself is issued from our headquarters in New York, giving our graduates global credibility and recognition.

Through the CSP diploma program, we are building professionals who can sit across from a buyer and explain why two seemingly similar stones have a vast price difference, or why a particular origin commands a premium. That’s the kind of clarity that transforms retail experiences and builds trust. By the end of the program, every graduate stands at par with a fresher gemologist, equipped not only for technical positions but also to bring value in retail, sourcing, manufacturing, or design. In fact, designers who complete our program often find themselves pitching better, sourcing smarter, and delivering with far greater conviction.

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JB Insights

Gold, silver retreat as volatility overrides dovish signals

By Gnanasekar Thiagarajan

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Gold and silver ended lower on the week despite sharp intraday rebounds, with price action reflecting continued volatility and fragile positioning rather than a sustained recovery. In the absence of a definitive macro catalyst, a broad-based decline across equities and cryptocurrencies prompted investors to raise liquidity, briefly dragging gold below the key $5,000 per ounce threshold. Non-yielding assets came under pressure as earlier stronger-than-expected US employment data pushed expectations for the first Federal Reserve rate cut further into midyear, reducing the appeal of bullion. Sentiment shifted, however, after inflation data showed annual CPI slowing to 2.4% and core inflation easing to 2.5%, reviving dovish expectations. The softer inflation print weighed on Treasury yields and pressured the dollar, allowing gold to recover toward the $4,990 region. Silver experienced similar turbulence, sliding sharply during the liquidation phase before rebounding above $76 per ounce, though it remained on track for another weekly decline.

Gnanasekar Thiagarajan

Introduction:

Gold finished the period under pressure despite sharp rebounds, with price action dominated by cross-asset volatility and shifting rate expectations. After initially recovering more than 2% on softer-than-expected US inflation, bullion briefly pushed back toward the $5,000–$5,020 region as annual CPI slowed to 2.4% and core inflation eased to 2.5%, reinforcing expectations of multiple Federal Reserve rate cuts this year. Lower yields and a softer dollar provided near-term relief, reviving the structural appeal of non-yielding assets.

However, gains proved fragile as the dollar rebounded and gold slipped back below $5,020, underscoring hesitation around the psychological $5,000 threshold. Earlier strength in US labor data had already delayed expectations for the first rate cut toward midyear, capping upside momentum. Markets now await further guidance from FOMC minutes, GDP data and the core PCE print, while geopolitical developments — including renewed US-Iran nuclear talks and broader Middle East tensions — continue to shape safe-haven flows.

Silver tracked gold’s volatility but continued to underperform structurally, remaining in a corrective phase after January’s extreme surge. The metal rebounded nearly 3% on softer inflation data and firmer rate-cut expectations, briefly moving back above $76 per ounce, but gains faded as liquidity stayed thin amid China holidays and broader risk sentiment remained fragile. Heavy speculative positioning left silver exposed to sharp reversals, and prices are still far below late-January highs above $120 after the collapse toward the mid-$60s. While lower yields and debasement concerns offer underlying support, near-term trade points to consolidation rather than a swift return to the prior rally.

Gold and Silver:

Gold fell below $5,020 per ounce on Monday after rising more than 2% in the previous session, following weaker-than-expected US CPI data. The soft inflation print reinforced expectations for Federal Reserve rate cuts this year, with markets now pricing in slightly more than two reductions. Investors are awaiting the release of FOMC meeting minutes, the US GDP advance estimate, and PCE inflation data for further clues on the timing of the next rate cut. On the geopolitical front, traders are monitoring nuclear talks between the US and Iran, as well as US-led negotiations aimed at ending the war in Ukraine, both scheduled to resume on Tuesday. Developments in these areas could influence risk sentiment and safe-haven demand. Despite recent volatility, the precious metal remained supported by ongoing geopolitical uncertainty, strong central bank buying, and investor flight from sovereign bonds and currencies.

Silver March

Silver fell more than 1% toward $76 per ounce on Monday, reversing gains from the previous session, although trading volumes were subdued due to market holidays in the US, China and other countries. On Friday, the metal had jumped nearly 3% after soft US inflation data reinforced expectations that the Federal Reserve will cut interest rates later this year. Markets are currently pricing in a Fed rate cut in July, with a strong probability of a move in June. Investors now turn to the latest Fed minutes and the Fed-preferred core PCE price index report for further guidance on the US monetary outlook.

Meanwhile, mainland China’s markets are closed this week for the Lunar New Year holiday. Chinese traders had driven a speculative surge in precious metals in recent weeks, prompting authorities to curb market risks through various measures. Silver peaked above $120 an ounce in late January before falling to around $64 earlier this month as sentiment reversed.

Gold April

Technical View: $4996. Weekly chart shows a strong underlying uptrend with price holding well above the short-term moving averages and momentum expanding positively. The recent pullback appears corrective, with support seen near $4886/4878; holding above this zone keeps the broader structure intact for a move towards $5460. A decisive break below $4765 will be the first sign of deeper corrective pressure.

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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