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From JCK Magazine

Gem Pricing Report: House of Cards?

With the market poised for a major pullback, gem dealers are preparing for price resistance

The Vault
By JCK Staff
This story appears in the May 2012 issue of JCK magazine
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Current trade activity indicates the prospects of a significant price correction in the global gem market have increased sharply. Dealers returning from the HKTDC Hong Kong International Jewellery Show in February report a surprising lack of large, fine colored stones in the market. However, they note that the fine stones on offer encountered strong resistance at current price levels. With the economy growing at a modest rate in the United States and slowing in China, consumer demand in these markets is restrained and, as such, is setting the stage for a pullback.

The anticipated price corrections are limited to those gem materials that realized the strongest increases during the past few years. Chief among these are ruby, sapphire, diamond, and tourmaline. There remain, however, numerous gem varieties that are advantageously priced considering the current economic conditions because their supply was sufficient to insulate them from volatile price movements. These include agate, certain beryl varieties, garnet, opal, several spinel varieties, peridot, and zircon.

The JCK Las Vegas show offers a major opportunity to judge the strength of the market as the industry transitions into midyear. Two-tone metal as well as silver and fine colored stone designs are expected to be areas of interest, with retailers seeking captivating styles at affordable prices.

Prices shown represent actual wholesale memorandum prices paid by retail jewelers on a per-stone basis. All prices are per carat except for cultured pearls. No responsibility or liability is assumed for the consequences of the use of any information in this report, nor for errors or omissions. The terms Commercial, Good, Fine, and Extra-Fine are general classifications developed and used by The GemGuide. Each represents a range of individual quality grades. When they are used in conjunction with proper grading, one can accurately pinpoint a price from within the listed range. The GemGuide is published six times a year. A one-year subscription includes market reports and colored stone and ­diamond prices. For more information, contact Gemworld International Inc., 2640 Patriot Blvd., Suite 240, Glenview, IL 60026; 888-GEMGUIDE or 847-657-0555, fax 847-657-0550. U.S., Canada, $205 complete per year. Elsewhere $275 complete per year.

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