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Gold/Mining/Energy : True North Gems Inc

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From: seventh_son	4/6/2006 11:05:08 PM
	of 1016

Excerpts from the Gemstone Forecaster spring edition preciousgemstones.com (Report from the Tucson Gem Show) Burma Goods and Pricing The amount of unheated Burma ruby, sapphire and spinel was down dramatically from years past. What was there was dramatically higher in price. Many spinels, not even gem red, were $1500 per carat for carat sized stones... Wholesalers and retailers must educate their buyers on the new prices. Top quality emerald prices are also up in price because of the devaluation of Colombian currency and the fact production has been dismal of late. What everyone wants are non-treated clean Colombian emeralds. Of course, these are rare to begin with but collectors are constantly searching for these goods. A Diamond Speculator Very few diamond dealers attend the Tucson Gem Show. A dealer who wished to remain anonymous said he remembered the last time gold and diamonds started rising in value. The next product to increase was colored gemstones. He was at the show speculating by buying unheated Burma goods even though he had no customers for the stones. “My clients don’t want to know anything about color.” They have no trouble paying me $50,000 for a diamond but when I ask for $20,000 for a ruby, they get scared.” Despite that fact, he would rather keep a portion of his inventory in fine colored gemstones rather than diamonds. He stated, “Let’s face reality. A 5 carat E-VVS1 is not rare compared to a gem red unheated Mogok ruby.”

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