Transparency in Pricing, Do You Know How Much Your Gemstone Sells For?
Friday, August 11
While many of the colored gemstones mined come from artisanal and small-scale mines, the demands from large buyers in the name of compliance leave little room for true allocation of value for this important segment of the jewelry supply chain. Sharing the knowledge of what markets require to be successful and compete on equal footing is a way forward for the inclusion of miners worldwide. The GIA education program to help miners identify their stones, information sharing from Gem World to gemstone valuation, and guidance in buying expectations have paved the way to a more equitable supply chain for colored gemstones.