Gem Pricing, November 2015: Ruby, Sapphire Prices Slip

The economic slowdown in China had the expected impact on the September Hong Kong Jewellery & Gem Fair, with dealers reporting far fewer buyers from the mainland this year. However, they also say the show was better than expected. Dealers say prices are starting to soften, especially for fine ruby and sapphire. Currently, the decrease represents a few percentage points, but most dealers we spoke with indicated that they anticipate prices, especially for fine sapphire, still have room to come down. Dealers also say the growing use of trade terms on lab reports—such as “pigeon’s blood” to denote a ruby boasting a spectacular red hue—is starting to negatively affect the market.  It is important to note that at the top end of the natural (unenhanced) gem market, there is little indication that prices will move down. Dealers exhibiting exquisite natural jadeite and to

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