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 GIA + 20% Work force reduction = terrible service (again).

P:  3/4/2009 4:02:08 AM  
DiaGem
DiaGem

Ideal Rock
Total Posts: 3,927
Last Post: 11/21/2009
Member Since: 10/21/2004
 
From about the deepening of this financial crisis (September) and until a week ago..., submitting Diamonds to GIA for grading was again becoming efficient, professional and accompanied with great service.

Thats after years of ridiculus service, grading inconsistencies and unheard waiting periods (4-6 weeks) for submitting and receiving final grades and reports.

It looks that GIA has a different agenda as far as their efficiency is concerned...

The only thing I dont fully understand...., why fire (20%) workers..., to become again less efficient?


**********************
>Y<

Yoram F.

Antique Diamond Gem
http://www.diagem.net/

"When it doesn't exist, design it..." Sir Henry Royce
Posted:  3/4/2009 4:02:08 AM

 There are 5 replies to this message.  There are 5 replies on this page.

P: 3/4/2009 4:49:40 AM
strmrdr
strmrdr

Ideal Rock
Total Posts: 23,296
Last Post: 10/9/2009
Member Since: 11/1/2003
 
That sux but they are experiencing a decline in business so it makes sense.

........... Karl has joined the diamond trade and is now posting as Karl_K

Posted:  3/4/2009 4:49:40 AM
P: 3/4/2009 5:18:54 AM
blastdoor
blastdoor

Cut Rock
Total Posts: 159
Last Post: 3/4/2009
Member Since: 12/30/2008
 
Date: 3/4/2009 4:49:40 AM
Author: strmrdr
That sux but they are experiencing a decline in business so it makes sense.




hmmm.. does that mean there are now less diamonds being cut / produced (perhaps due to reduced demand) or does that mean more diamonds will now be sold ungraded or graded by a perhaps more economical lab?

sorry for the extremely noob question...

Posted:  3/4/2009 5:18:54 AM
P: 3/4/2009 5:27:41 AM
strmrdr
strmrdr

Ideal Rock
Total Posts: 23,296
Last Post: 10/9/2009
Member Since: 11/1/2003
 
less diamonds being cut / produced

Miners are cutting production the pipeline is already flooded with polished.
The industry lags the economy somewhat as a big part of the sales are made only during limited times of the year.
Jan of next year is when I see it hitting the hardest.
A lot of the industry will not survive the holiday season 2009.

........... Karl has joined the diamond trade and is now posting as Karl_K

Posted:  3/4/2009 5:27:41 AM
P: 3/4/2009 5:30:16 AM
blastdoor
blastdoor

Cut Rock
Total Posts: 159
Last Post: 3/4/2009
Member Since: 12/30/2008
 
thank you very much..

eta: it sounds so sad... the 20% cut in workforce means more people are losing their jobs..

Posted:  3/4/2009 5:30:16 AM
P: 3/4/2009 5:44:34 AM
oldmancoyote
oldmancoyote

Ideal Rock
Total Posts: 754
Last Post: 6/26/2009
Member Since: 8/22/2008
 
Grading report cost are not all that different across labs. Volumes will probably go down, however

Posted:  3/4/2009 5:44:34 AM

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