Gem Pricing Report

Consumers remain cautious on rising credit cardrates and shrinking credit lines. Lack of consumer credit is no longer an issue only for higher-risk applicants and remainsa significant obstacle to recovery. But retailers report that engagement and anniversary gift giving remains active. Price points, however, are considerably lower than in years past. In colored stones, the Colombian emerald market con-tinues to see stable prices for fine and extra-fine qualities. After a trip to Colombia, dealer Ron Ringsrud noted, “The largest wholesalers/exporters of emeralds in Bogotá are plea-santly surprised with the slow but steady sales overseas and with the firmness of emerald prices.” U.S. dealers report that emerald sales still trail sapphire. However, emeralds are seeing greater demand as inventories shrink. But, as Ringsrud said, “Many had expected a big drop in sales, but colored

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