The country’s gem and jewelry exports fell 5 percent year-over-year last month, while imports declined 18 percent.
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Following weekend negotiations, the tax on Chinese goods imported into the United States will drop by 115 percent for the next 90 days.

The company has multiple strategies for dealing with tariffs, though its CEO said moving manufacturing to the U.S. is not one of them.

National Jeweler Editor-in-Chief Michelle Graff joined Michael Burpoe to talk tariffs, consumer confidence, and the sky-high price of gold.

Though currently paused, high tariffs threaten many countries where gemstones are mined. Dealers are taking measures now to prepare.

What’s really worrying U.S. consumers isn’t the present situation; it’s what the economy is going to look like six months from now.

During a call about its full-year results, CEO Efraim Grinberg discussed how the company is approaching the uncertainty surrounding tariffs.

The feedback will be used to prepare other jewelers for the challenges ahead, the organization said.

Editor-in-Chief Michelle Graff answers questions about how the new taxes levied on countries like India and China will impact the industry.

GIA’s labs in Dubai and Hong Kong are now accepting larger diamonds in light of the “logistical challenges” presented by the new tariffs.