Gem Pricing Report: House of Cards?

With the market poised for a major pullback, gem dealers are preparing for price resistanceCurrent trade activity indicates the prospects of a significant price correction in the global gem market have increased sharply. Dealers returning from the HKTDC Hong Kong International Jewellery Show in February report a surprising lack of large, fine colored stones in the market. However, they note that the fine stones on offer encountered strong resistance at current price levels. With the economy growing at a modest rate in the United States and slowing in China, consumer demand in these markets is restrained and, as such, is setting the stage for a pullback.The anticipated price corrections are limited to those gem materials that realized the strongest increases during the past few years. Chief among these are ruby, sapphire, diamond, and tourmaline. There remain, however, numerous gem variet
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