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

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diagem

Ideal_Rock
Trade
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Oct 21, 2004
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4,979
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?
 

strmrdr

Super_Ideal_Rock
Joined
Nov 1, 2003
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23,295
That sux but they are experiencing a decline in business so it makes sense.
 

blastdoor

Shiny_Rock
Joined
Dec 29, 2008
Messages
159
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...
 

strmrdr

Super_Ideal_Rock
Joined
Nov 1, 2003
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23,295
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.
 

blastdoor

Shiny_Rock
Joined
Dec 29, 2008
Messages
159
thank you very much..

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

oldmancoyote

Brilliant_Rock
Joined
Aug 22, 2008
Messages
755
Grading report cost are not all that different across labs. Volumes will probably go down, however
 
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