The Conversation (0)
Colored Gemstones Beginning to Make a Comeback
Feb. 13, 2015 04:51PM PST
Gem Investing
Mining Weekly reported that although diamonds have outshone colored gemstones since about the 1940s, when De Beers began aggressively marketing diamonds, such gemstones are now making a comeback.
Mining Weekly reported that although diamonds have outshone colored gemstones since about the 1940s, when De Beers began aggressively marketing diamonds, such gemstones are now making a comeback.
As quoted in the market news:
Nonetheless, over the past five years, the coloured-gemstone sector has been growing at a compound yearly growth rate of about 18%, according to the United Nations commodity trade statistics database, with rough global imports for emeralds, rubies and sapphires currently amounting to about $3.3-billion a year.
However, accurate figures for the volume of all coloured gemstones produced by area or country are not available, says the global nonprofit organisation representing the coloured-gemstone industry, the International Coloured Gemstone Association (ICA).
‘This information is lacking because the gemstone industry is highly fragmented,’ explains ICA VP Jean Claude Michelou.