Tools
News
Gemstone shapes
Jaipur . 2013-06-09
Gemstone market news
Tanzanite victim of investment?
The Jaipur gemstone market is flooded with tanzanite offered at discounted prices. Interestingly, the sharp decline in price for this gem seems to have been induced by a side effect of outside investment strategy.

The Jaipur gemstone market is flooded with tanzanite offered at discounted prices.
Interestingly, the sharp decline in price for this gem seems to have been induced by a side effect of outside investment strategy.
This rare gemstone comes only from one source in the world, Mererani hills in Tanzania.
From there, tanzanite is distributed from two main sources. The first one, TanzaniteOne, holds strict mining and rough marketing through sightholders and preferred buyers. The other channel is through illegal miners.
One of the official preferred buyers needed a big amount of cash for investment purposes in India. As this investment had to be done secretly, he told some other preferred buyer he personally saw a huge stock of mixed qualities gems being taken out from unofficial mines and ready to be marketed.
This was the pretext for him to sell his stock and raise cash openly, fearing the coming drop in price soon coming with the alleged Maasai shipment. Some other preferred buyers heard about his sale and also got afraid of the possible price slump and got rid of their gemstones stock for discounted prices bringing their price down furthermore.
Today tanzanite in all shapes can be found at very low prices in Jaipur, Hong Kong and Thailand.

Source : Roger Pingley
puce Back to all news
Archives

View all Gemstones news...

RSS