Gem Pricing: Ruby and Sapphire Shortages Are Fueling Demand for Exotic Gem Materials

A shortage of extra-fine grade ruby and sapphire and their ensuing high prices have contributed to a sharp rise in demand for more exotic gems, some of which now are seeing a corresponding rise in prices. Although many of these varieties, like scapolite and sphene, remain affordable, prices are climbing sharply for some of the rarer varieties. Demand for fine Paraiba tourmaline from the original Brazilian source has pushed prices to levels inconceivable just a few years ago. In contrast, newer deposits of alexandrite have allowed this desirable phenomenal gem to gain broader market appeal.One of the more interesting things suggested by sales patterns at the JCK Las Vegas show in June is that market conditions in the United States are improving. For years now, the U.S. market appeared mostly limited to demand in the high and low ends. This is no longer the case. Jewelry featuring colored

This content is exclusive to JCK Pro subscribers. Subscribe now to access this and much more with discount code GOPRO21 for $199 for an entire year of access (reg. $249).


Already a JCK Pro? Log in

A JCK Pro subscription is your all-access pass to people and resources on the
cutting edge of the retail jewelry industry, from the industry authority you
know and trust

Learn about the Perks of JCK Pro

Log Out

Are you sure you want to log out?

CancelLog out