JB Insights
Shaping Gem Enthusiasts for a Global Retail Reality: Inside GSI’s Colored Stone Program
By Ramit Kapur, Managing Director GSI India
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.
JB Insights
WGC REPORT :Portfolio resiliency-Gold’s role amid economic crosscurrents
Since the publication of our Why gold in 2025? A cross-asset perspective report earlier this year, much has happened on the policy front and in the broader economy. Uncertainties and vulnerabilities remain across geopolitical, fiscal, and trade domains. Investors are particularly concerned about growth and inflation, creating a challenging situation for policymakers as the dual policy goals of the Federal Reserve are in direct conflict. With persistent fears of stagflation, gold has once again stepped into the spotlight, rising more than 50% this year.1 Importantly, the core reasons for considering alternative assets such as gold, as outlined in our May report, remain largely unchanged.
First, equities appear complacent. US equities have posted remarkable gains in recent months, reigniting concerns about valuation excess and concentration risk. Indeed, investors face a market that feels euphoric on the surface but remains fragile underneath. Should economic pressures mount , investors may increasingly seek refuge in safe-haven assets, with gold standing out as a historically resilient option, as outlined in our mid-year outlook.
Second, bond markets remain uncertain. The Fed officially resumed its easing cycle in September, cutting the federal funds rate by 25 basis points in response to a cooling labour market (Chart 1) – an action widely anticipated by markets. However, US long-term yields could face renewed upward pressure if tariffs and reshoring efforts drive domestic costs higher, complicating the Fed’s inflation target. At the same time, long-term treasuries remain exposed to concerns over the Federal Reserve’s independence and the US government’s sizeable fiscal funding needs.
Against this backdrop, gold’s appeal as a hedge against both equity and bond market instability is growing – though risks exist. As we discussed in our recent blog, gold’s rapid ascent could prompt rebalancing and profit taking. For example, from a technical standpoint, the monthly Relative Strength Index (RSI) is above 90 and gold is sitting more than 20% above its 200-day moving average. These factors could lead to short-term reversals. In addition, the sharp increase in the gold price could dampen consumer demand while global trade normalisation and a pick-up in GDP growth could revive risk appetite further.
In summary, maintaining a diversified approach and remaining vigilant to shifting market dynamics is essential. Amidst a growing investor base, secular US dollar weakness and continued geoeconomic uncertainty, gold’s enduring resilience and diversification benefits remain as relevant as ever.
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