Laboratories
05/11/2024 17:21
The Gemological Institute of America (GIA) announced that it will shut down its laboratory in Ramat Gan, Israel, due to “significant” declines in local submissions. The lab will be closed before the end of 2024.
The decline in submissions of stones is a result of challenges in the industry. Even after cutting operational costs and staff, the financial situation of the Israeli lab, which was established in 2012, has become too unstable to continue.
The diamonds that are currently at the lab will be sent back to their owners with the reports. After November 17th, they will be rerouted to different GIA labs without additional client fees.
Photo credits: GIA
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