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Jaipur . 2009-09-09
Gemstone market news
Astrology boosts gemstone market
As world demand for gemstones is shrinking, our market is taking an amazing advantage of a still prospering Indian market. Purchasing power and strong incertitude for the future paved the way of a return of the oldest cast of analysts: astrologers

As world demand for gemstones is shrinking, our Jaipur market is taking advantage of a still prospering Indian market. Purchasing power and incertitude for the future paved the way for a return of the oldest cast of analysts: astrologers.
Their predictions on hot subjects like monsoon and stock exchange are more and more listened even from the most remote citizen thanks to global information available quite everywhere in India.
More and more people from all social classes are concerned by their uncertain future and business in this field expands vigorously, from printing industry to jewelry.
Demand for astrological gems is boosting our Jaipur gemstone market. Nine astrological related gemstones are in demand in all sizes, mostly to be used together or individually.
Yellow sapphire, blue sapphire, ruby, chrysoberyl cat"s eye, diamond, emerald, pearl, coral, hessonite garnet, as the best choice, are in strong demand.
These stones can be very expensive in big sizes so other stones like tourmaline, garnets, peridot, moonsone, citrine and even carnelian are accepted as substitutes.
Yellow and blue sapphire are mainly imported already cut, especially from Sri Lanka and Chanthaburi (Thailand) markets. Coral and pearls are also imported from Italy and Hong Kong. All the other stones, even chrysoberyl cat's eye, found in Orissa state, are processed locally. These much needed orders are apparently oriented towards long term.
Interestingly, many of these orders are mentioned in ratti (1 ratti is equivalent to approximately 0,90 carat).
Besides that the old New Age fashion is still keeping local factories of crystal shape gemstones alive.
As this niche market expands, more and more of Jaipur gem dealers and manufacturers start themselves to feel comfortable with global incertitude.

Source : Roger Pingley
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