Gem Pricing Report

The U.S. gemstone industry remains weak. Domestic jewelry producers also report weak activity. Tightened credit requirements continue to restrain consumer spending. Forward-thinking manufacturers have shifted to products with price points supportable by current market conditions, which increased the use of melee in finished goods. Likewise, the marketing of less-expensive but attractive nontraditional gems continues to rise, especially with designers and custom jewelers. As a result, consumers have a choice of gemstone jewelry in a broad range of price points. Catching the eye of consumers is the key to success. Unusual designs and creative use of colors are utilized to grab attention. Use of rough crystals in finished jewelry has expanded from the fringes to mainstream designers. In color stones, retailers report that blue sapphire remains the top seller, but favorably priced fine b
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