The global gem trade experienced unprecedented challenges in 2020 and 2021. Mining, manufacturing and distribution sectors were all severely impacted by coronavirus shutdowns. As a result, many gems went up in markets with supplies so limited. There are still many unknown questions regarding the trends for the year ahead. The team at Gemworld has been tracking prices
Colored Stone MarketDealers express optimism for holiday season. Market gearing up for Tucson but realistic about the potential for Omicron variant to discourage some overseas participation.
Colored Stone MarketIn August I was asked what advice I would give shoppers for the upcoming holiday season? My answer, shop early.
Colored Stone MarketAs the holiday season approaches, one of the stories in the colored stone market continues to be the difficulty that dealers are having sourcing new stock.
Colored Stone MarketThe August JCK Las Vegas show provides the first opportunity since the 2020 Tucson GemFair for buyers and exhibitors to come together for a major jewelry trade event in the U.S. At press time JCK, Couture, AGTA and the Antique shows were set to go ahead in late August as scheduled.
Colored Stone MarketAs summer approaches here in the United States, the colored stone trade continues to experience some degree of COVID-19 related disruption. Issues are occurring at varying degrees along the entire length of the supply chain.
Colored Stone MarketNo Tucson show does not mean no business. Market is currently benefitting from little competition from outside our sector. The appetite for gemstones is expected to continue to flourish throughout the year. Competition may return next year. The real story in color is outside the big-3.
Colored Stone MarketA new year begins where an old one ended, but there is light at the end of the tunnel. The market evolved in response to COVID-19 but some of those changes will linger long after. New approaches may challenge traditional market structures. The classic gem varieties demonstrated their unwavering ability to store value even in the worst of times.
Colored Stone MarketThe market conditions leading into season invite a cautiously optimistic outlook. Unusual colors of classic varieties selling well. Wealthy consumers coming off of vacationless summers turn to Paraìba and other fine gems to add some excitement. All business is local this year.
Colored Stone MarketThe current economic outlook is cautiously optimistic. Although it doesn’t feel like it, in mid-August retail activity had returned to pre-pandemic levels.
Colored Stone Market