JewelleryNet: Colours and more: An overview of the global gem market

By Cynthia Unninayar

Hardly a major auction goes by these days without gemstones breaking world records. Prices have gone through the roof for rare and untreated Kashmir sapphires, Burmese rubies and Colombian emeralds, not to mention top prices fetched by fancy colour diamonds. Here’s a peek into various developments in the global gem market.

Spectacle of colours

High on the list of this year’s “hot colours” are pinks, reds and oranges, represented by spinel, ruby, sapphire, garnet, Imperial topaz, morganite and Padparadscha sapphire. Interestingly, the two latter gems call to mind Pantone’s Color of the Year, Living Coral.

“There’s strong demand for pink and red spinels, with rising prices,” noted Neil Kandira of Japan’s Anjali Gems. Rahul Jain of Hong Kong-based Caram shared this sentiment, saying pink, red and colour-change spinels, and Padparadscha sapphires are sought after.

Caram’s Jain said the overall market is strong for Zambian emeralds, which the company often displays as matched pairs or sets.