GIA Lays Off 151 Employees at Carlsbad Headquarters

NewsBrief   September 4, 2023   GIA Lays Off 151 Employees at Carlsbad Headquarters The Gemological Institute of America (GIA) has cut some 20% of the workforce at its Carlsbad, California, headquarters amid a prolonged slowdown in the industry. Christie's Nixes Final Sale of Heidi Horten Jewels Auction house will not sell last 300 pieces due to backlash over collection owner's Nazi ties.   Signet Sales Drop as US Retail Challenges Continue Engagements declined during first half of the year.   Macy's Spots a Worrying Trend What could consumers' credit problems mean for diamond sales? Trending Stories Rapaport Market Comment: August 31, 2023   Agape Diamonds Receives Warning over Lab-Grown Disclosure   Broken English: Attainable Chic Events Rapaport Single Stone Auction September 12-26 New York & Israel More Details   Rapaport Quarterly Pawnshop Auction September 18-27 New York & Dubai More Details   Rapaport Melee Auction September 19-29 New York & Dubai More Details RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1463 -1.86% -5.08% -3.87%  0.50 ct 2050 -2.84% -9.87% -29.59%  1.00 ct 6373 -1.52% -5.02% -24.83%  3.00 ct 22780 -0.34% -2.03% -14.43% Rapaport Investment Grade Diamonds

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