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Palmieri concludes GCAL Acquisition
Donald Palmieri finalizes purchase of GCAL - will continue to push integrity & ethics in the diamond industry.
By: Diamond World News Service
Apr 9 2009 10:20PM
Reference: 3694  


The Palmieri Group, led by Donald A. Palmieri, concluded the acquisition of Gem Certification & Assurance Lab, Inc. (GCAL) and other assets that had been previously sold to Collectors Universe, Inc. in 2005. As previously announced, Collectors Universe had decided to exit the diamond grading business due to unfavorable conditions in the jewelry market, and Don and Pam Palmieri, who originally founded GCAL in 2001, are happy to be back in total control.

Don Palmieri, President of GCAL, comments, “We are very fortunate to have a virtual “Dream Team” of experienced and professional gemologists, customer service, fulfillment and IT professionals, as well as good old, home-grown management that always protects the integrity and high ethics of the company.”

According to Pamela Palmieri, Vice President, “Our primary focus is to deliver the best service and services to our customers, and treat our employees like family. The rest is just business.”

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