A Gemstone or precious stone is a piece of attractive mineral crystal which, when cut and polished, is used to make jewelry and other forms of adornments. Gemstones or precious stones have fascinated humans for ages and have played various significant roles in the myths and legends of human cultures throughout history. Gemstones represent royalty, power, wealth and fame. The Egyptian Queen, Cleopatra, was known to adorn herself with beautiful emeralds.
The International Gemstone Trade is a Multi-billion dollar Trade. Trades in precious stones supply the gems that adorn kings, queens, movie stars and millionaires around the world. These stones have other industrial uses; for example, Tourmaline is occasionally used as a piezoelectric sensor. Those who extract these gems; those who trade and distribute these beauties; and those who cut and polish these treasures are handsomely paid for their efforts. Each Gemstone has a unique color, shape, beauty, history and healing qualities. Prices of gemstones range from few dollars to above $10,000 per gram. Precious stones are usually valued based on quality and not quantity. This is based on the 4Cs: color, cut, carat weight and clarity. Rough uncut gems are measured in grams, while cut and polished gems are measured in carats. Five carts make one gram. 1000 grams make one kilogram. The business starts from the bowels of Mother Earth in distance lands to the beautiful shops of Gemstone centers in Europe, America, Asia and other parts of the World.
The International Gemstone Industry is so large that the United States Jewelry Industry is said to worth over US$78 billion, and has continued to grow (Gassman, 2015). According to Chinese Government import data, gemstone import from Myanmy in 2014, were worth US$12.3billiion. That was from Myanmy alone. The Gem and Jewelry District of Antwerp in Belgium is a business worth £31billion a year. That District is powered by Gemstone suppliers from all over the World. You too can be a Supplier! The Gemstone Industry in India employs about 1,000,000 players. According to India Brand Equity Foundation, the overall net export of Gems, Jewellery and Diamonds during April-December, 2016 stood at US$43.19billion. The Indian Gemstone Industry is also powered by International suppliers from around the world. You too can participate in this mega money bonanza!
The Multi-Billion Dollar Colored Stone trade has transformed many economies and created thousand of super rich individuals. To say that trade in these precious stones falls among the most lucrative and profit-oriented ventures, VOA’s Sonja Pace, observed that gemstones have been valued highly all through history up until now, and there is no evidence this trend is going to stop in the foreseeable future. A Nigerian Gemstone Dealer, Usman Bala, boasted that he bought fine grade Sapphire at Antah in Kaduna State of Nigeria for Four Million Naira and sold it for 18 Million Naira in Lagos, Nigeria. That is about $10,300 and $49,000 respectively. A lot of people want to go into the Precious Stone business, but they do not have the necessary information to do that. Those who risk their lives to smuggle drugs for quick wealth are not aware that Gemstone trade is more lucrative than drug trade. A gram of cocaine, for instance is in the neighborhoods of $70, but a gram of rough fine grade Sapphire, or Paraiba Green Tourmaline is more than $10,000! But sources of these gems are always kept top secret by those who have the information.
Gemstones do not depreciate in value, rather it continues to appreciate. Many wealthy families and institutions around the world keep their wealth in gemstones. The Vatican for instance, keeps high percentage of her wealth in gold and gemstones, not in paper money. The British Monarchy has one of the richest collections of gemstones in the world. Some of these gems are displayed in the British museum. Many members of the royal families of Saudi Arabia and Kuwait for example, keep their wealth in gemstones.
Precious Stones are very easy to carry. In fact, it is far easier to carry a Gemstone than to carry its money value.
The traditional thinking is that Gemstone Business is for the elites alone. For instance, in Thailand and Sir Lanka, the Trade is an exclusive reserve of the top military brass and high ranking police chiefs; but with the right information, anyone can engage in the Trade with as small as $500 . This is because, these gems are very cheap at the sources, but very costly at trading centers around the world. The Trade used to be very herculean in the past because of the need to travel to remote areas to source the gems, but the improvement in modern communication with the greater efficiency and effectiveness of courier sources have made the trade very easy today. Gemstone miners in the remotest part of the world have contacts with buyers in the major cities.
Gemstone Trade is not a Rocket Science. The laws of buying and selling govern Gem Trade. With the right information, one can be a part-time dealer or a full time dealer. Businessmen and women, Students and Public Office holders can trade on Gems. Exporters and importers can do well in Gem Trade. You can trade on rough gems or cut and polished gems. You can also be a Broker. The most important thing is that you have the contacts of miners and those who want to buy. The three fundamentals in starting a Gemstone Trade are identification and names of these gems; where to source these gems; and where to sell them.
Its wonderful and fantastic blog! Thanks for sharing such information about this multi billion Dollar gemstone.
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