Podcast: The GIA Goes Digital

RAPAPORT... Pritesh Patel, chief operating officer at the Gemological Institute of America (GIA), explains the organization's digital strategy in this episode of the Rapaport Diamond Podcast. In a conversation with Rapaport's Avi Krawitz, Patel discusses the GIA's move toward paperless reports, its use of artificial intelligence, the launch of its source-verification service and its general approach to environmental, sustainability and governance (ESG) issues, along with the implications of these various programs for the industry. Listen to the podcast here:Discussion points:01:20 - Introduction02:10 - Pritesh explains the motivation behind the GIA's drive toward paperless grading reports.07:50 - Avi asks what it means to go digital.10:30 - How retailers can tap into the digital GIA grading report.11:40 - The trade wants the program accelerated, and Pritesh outlines the timeline.15:50 - Technology and automation are boosting efficiency in the grading space.21:45 - Will artificial intelligence (AI) reduce the subjectivity of diamond grading?27:50 - Pritesh summarizes the GIA's sustainability strategy.30:40 - Differentiating between the GIA's Diamond Origin report and its Source Verification Service.This episode of the Rapaport Diamond Podcast is sponsored by De Beers Group Ignite: Pioneering a new diamond world through innovation.