Connect with us

Headlines

Why This Gemstone Is Suddenly Everywhere

It’s popular, but it’s by no means cheap.

mm

Published

on

Rubies have surged in popularity, and their prices have risen as well, Bloomberg Businessweek reports.

That’s largely because the Chinese have taken a liking to them. Red is the “color of choice” in China, representing good luck.

Podcast: Jeffrey Samuels on How to Build a Business to Support a Lifestyle
JimmyCast

Podcast: Jeffrey Samuels on How to Build a Business to Support a Lifestyle

Maximizing Your Business Potential Is Easier Than Ever With the Zing™ Platform by Jewelers Mutual® Group
Podcasts

Maximizing Your Business Potential Is Easier Than Ever With the Zing™ Platform by Jewelers Mutual® Group

Find Out Why So Many American Jewelers Are Loving Thai Jewelry (and Gemstones)
Sponsored Podcasts

Find Out Why So Many American Jewelers Are Loving Thai Jewelry (and Gemstones)

“That has had a major impact on pricing and design around the world,” said Greg Kwiat of Fred Leighton.

On a per-carat basis, the price of rubies has increased by a factor of four over the past four years. The best ones can now bring $1 million per carat.

Another factor driving the increases has been the discovery of a new seam  in Mozambique in 2009 yielding ultrapremium rubies. Bloomberg Businessweek notes that “in the efficient gemstone market, prices surge when supplies become abundant and reliable.”

The popularity extends beyond rubies to other gemstones such as red diamonds, spinel and even rubellite, according to Bloomberg Businessweek.

Advertisement

Read more at Bloomberg Businessweek

Continue Reading
Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

Retirement Made Easy with Wilkerson

The store was a landmark in Topeka, Kansas, but after 80 years in business, it was time for Briman’s Leading Jewelers to close up shop. Third generation jeweler and owner Rob Briman says the decision wasn’t easy, but the sale that followed was — all thanks to Wilkerson. Briman had decided a year prior to the summer 2020 sale that he wanted to retire. With a pandemic in full force, he had plenty of questions and concerns. “We had no real way to know if we were going to be successful or have a failure on our hands,” says Briman. “We didn’t know what to expect.” But with Wilkerson in charge, the experience was “fantastic” and now there’s plenty of time for relaxing and enjoying a more secure retirement. “I would recommend Wilkerson to any retailer considering a going-out-of-business sale,” says Briman. “They’ll help you reach your financial goal. Our experience was a tremendous success.”

Promoted Headlines

Most Popular