Downturn Forces GIA to Close Israel Lab

GIA is to close its lab in Ramat Gan, Israel, saying it is no longer "financially sustainable".

GIA is to close its lab in Ramat Gan, Israel, saying it is no longer “financially sustainable”.

The facility, which opened in August 2012, will close by the end of this year. Submissions will be sent to GIA labs elsewhere, with no additional shipping costs, the lab said in a press statement.

GIA was not able to say at this stage which other labs it would use (Dubai is the closest), or how much extra time that would take.

“Despite reductions in operating costs and reduced staffing through attrition, the laboratory is not financially sustainable,” said GIA, which grades the majority of the world’s polished diamonds.

“The GIA laboratory in Ramat Gan, Israel, will end operations by the end of 2024 due to changes in the global diamond industry that resulted in significant declines in submissions from local clients over the last several years.”

GIA closed its Antwerp lab in July 2022, citing “limited demand for services and financial performance that did not support continued operations”.

It also has labs in Bangkok, Hong Kong, Mumbai, Surat, Tokyo, Carlsbad, New York, Dubai, Gaborone and Johannesburg, according to its website.

From 17 November submissions to the Ramat Gan laboratory will be sent elsewhere. “GIA is working to establish a third-party process to accept submissions from walk-in clients in Ramat Gan for service in other GIA laboratories,” the lab said.

Source: IDEX

Five GIA Labs Resume Operations

A diamond grader in a GIA lab

The Gemological Institute of America (GIA) has reopened laboratories in five locations following COVID-19 shutdowns.

The organization’s labs in Johannesburg and Tokyo recommenced limited operations on May 7, the GIA said Monday. Visitors to the Johannesburg lab must make an appointment, have a permit, and wear a mask. The Tokyo location will accept and return goods by delivery only.

On May 11, the GIA resumed operations at its locations in Antwerp and in Gaborone, Botswana. While Antwerp is receiving customers by appointment only, Gaborone is open with a limited capacity to comply with government mandates and allow for proper social distancing, the GIA noted. The lab in Carlsbad, California, reopened May 18, with submission of goods only accepted by shipment.

Labs in Bangkok, Hong Kong and Ramat Gan, Israel, are all open, and are operating with regular hours. Operations in Mumbai, Surat and New York remain closed.

“Our first priority is to protect the health and safety of all staff, clients and visitors,” said Tom Moses, the GIA’s executive vice president and chief research and laboratory officer. “As we work to meet our clients’ needs whenever and wherever possible, we are planning for the safe opening of all other GIA locations as soon as conditions and government authorities permit.”

Source: Diamonds.net