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Rahul Jain, director of Caram, has been quoted in JCK's coverage of Tanzania's Mahenge pink spinel market, published this week



Aishwarya Rai as Jodhaa Bai adorned in elaborate Mughal jewelry, featuring intricate gold designs encrusted with precious gemstones.
Pink spinel from Tanzania, related to Caram's JCK feature

The feature — "Are Tanzania's Mahenge Pink Spinels Finally Reaching America's Jewelers?" — reports on a notable uptick in fine Mahenge spinel supply appearing at Tucson's GJX show and in the broader trade. Rahul is quoted alongside American Gemological Laboratories president Christopher Smith and Bangkok-based dealer Lambert Vissot as one of three primary industry sources on the shifting supply picture.


"I accelerated my buying. I just noticed there's a lot more nicer material available now." — Rahul Jain, JCK, on the Bangkok shows in late 2025

Rahul's contribution to the piece focuses on why the recent supply appears to be fresh production rather than old stock working its way through secondary markets:


"If it was a secondary supply, you'd see it from dealers in other cities like New York."

Mahenge, in southern Tanzania, is widely regarded as the source of the world's most saturated pink spinels. Fresh material in larger sizes had been assumed scarce since the 2007 discovery of the region's most famous pocket. The JCK piece explores whether the current supply represents a new deposit, improved mining, or long-held stock reaching the market — and what that means for American jewellers.




Rahul Jain is the seventh-generation director of Caram, a family house of rare colored gemstones and bespoke jewellery founded in Idar-Oberstein in 1975. He advises collectors, inheritors, and trade buyers from Hong Kong and Germany. Learn more about Caram's heritage or schedule a consultation.





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