Gem Pricing Report

The mood in the gemstone industry remains cautious as we move into the critical holiday season. Many wholesale dealers report that they are not going to overexpose inventory by sending out a lot of goods on long-term memos this season. Only the best accounts should expect this privilege. One dealer explained to JCK, “This year we have had to chase far too many clients for either money or the return of goods, and these were established accounts.” In general, the colored stone market is stable. For many varieties, prices have decreased slightly in the lower commercial grades sold into the Hong Kong, China, and India markets before being imported into the United States as finished jewelry. This is largely the result of softened demand as financial pressures on the middle class have slowed spending. In the finer grades, however, prices for most gem varieties have held stable or posted

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