Gem Market Pulse – March 2016
Gem markets continue to be volatile in many areas, the financing industry that supports the gem and jewelry industries are moving from the sector more and more. The challenges that the gem traders face are numerous and fluid. This article accents these issues facing the markets such as fair trade and new resources for bringing new goods to market. The newly offered deep rich purple garnets from exotic locations like Mozambique, Malawi, and Tanzania came around during the recent Tucson gem show. The prices were good and the quality was awesome from all I have read and heard.
Amateur jewelry designers would be well served to pay attention to new colors and sources for quality colored stones, they often have a buzz attached to them and can be sold much quicker when mounted in a unique setting. Another attraction is that the value can rise quickly and popularity can soar, this all adds to the buzz that a designer can transfer to their new designs following trendy gem sales.
The goal is to reach consensus on a shared vision for responsible sourcing that works for all sectors of the industry – while meeting consumer demand for ethical products…featured gem Purple Garnet
The gem and jewelry business has a large, multifaceted structure that functions at different levels often without any communications between participants from the various sectors. These sectors include but are not limited to mining, cutting, jewelry manufacturing, wholesale and retail. They can operate quite differently between diamond and colored stones industries. Both the colored stone and diamond sectors are dependent on a direct relationship with investors and banks and yet traditional lenders having been moving away from the gem and jewelry trade to develop business in other industries. Additional influential factors affecting the gem trade are government bodies, consumer rights groups and NGO’s.
An industry wide meeting of representatives from all sectors of the gem and jewelry trade to address the increasing number of issues that currently facing the gem trade is overdue. Fortunately, a group of gem and jewelry professionals has taken the initiative to facilitate just such a meeting. READ MORE…
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