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Chanthaburi . 2009-06-27
Gemstone market news
Mozambique ruby attracts China dollars
Mozambique ruby is finding its way to big markets. Ban for Burma material in United States already pushed this new comer into high range jewelry shops from New York to Los Angeles

Mozambique ruby is finding its way to big markets. Ban for Burma material in United States already pushed this new comer into high range jewelry shops from New York to Los Angeles.
Chinese buyers also seem to like this material. They bring quite big amount of cash USD into Chanthaburi banks willing to buy this material only. They discard other colors of corundoms.
Burma material would be the best choice for them but the nice luster, the attractive price and the availability of Mozambique-Malawi ruby made them to turn towards it.
Discussions with some of these buyers indicated that their new passion for this stone was not driven by the need from their market to show off red jewelry but more by an attempt to diversify assets.

Source : Roger Pingley
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