International News
US jewellery, watches sales up by 4.4 per cent year-on-year
Sales of watches and jewelry in the US showed further signs of growth in December 2024, up 4.4 per cent year-on-year, according the latest figures from the US Department of Commerce. But there’s been a marked slowdown since the 10 per cent increases of last September and October.
November saw sales up by just 3.0 per cent, revised down from 5.8 per cent based on actual through-the-till transactions rather than estimates. October has been revised up from 9.7 per cent to 10.0 per cent.
The average monthly year-on-year growth for the full year is 5.4 per cent, so December was little below par. Having said that, it was the 15th consecutive month of growth after a long period (the end of 2022 and much of 2023) of falling sales.
International News
Swiss International Gemlab Launches with Proprietary AI for Precise Colored Gemstone Grading
Swiss International Gemlab promises Faster, More Accurate Certification, Ensures Report Consistency
Three veteran gemologists today announced the opening of Swiss International Gemlab (SIG), a cutting-edge facility leveraging proprietary artificial intelligence (AI) to enhance grading accuracy and consistency for colored gemstones.
Founded by Willy Bieri, Lawrence Hahn, and Matthias Alessandri—senior experts who have collaborated for over a decade—SIG will operate from state-of-the-art locations in Lucerne, Switzerland, and Hong Kong. The lab promises faster results, unmatched transparency, and scientific rigor, insulated from external influences.
SIG delivers a full spectrum of services, including gemstone identification, origin determination, treatment analysis, and advanced color grading. At its core is SIG-AI Assistance, a proprietary system that cross-references analytical data against structured databases to detect anomalies, ensure report consistency, and slash interpretation time.
With a standard turnaround of five business days—plus expedited options for urgent needs—and real-time status tracking, SIG sets a new benchmark for efficiency and reliability in gem certification. The lab will make its global debut at this year’s GemGenève in May, offering on-site services to industry professionals.
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