Demand: Made in the USA: Gem Pricing, July–August 2015

After several sluggish years, the United States is shaping up to be the one global gemstone market with definitive growth potential. With the Chinese market slowing, the European Union experiencing challenges, and sanctions curbing Russia’s appetite for luxury, gem dealers once again are looking to North America to invest. This was apparent during JCK Las Vegas, where the number of foreign buyers, especially from China, appeared less than in recent years. Rather, high-end dealers said calls are generally coming from the domestic market.This summer there is more imperial topaz on the market. Prices, however, are higher than this time last year due to demand from designers and custom jewelers. The term imperial is often misapplied to any topaz ranging from yellow to orangey-yellow. But true imperial topaz has an almost orange color accentuated by slightly purplish-red overtones. Prices f

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