Tag Archives: paraiba tourmaline

Gem Prices follow Real Estate in the New Gilded Age

Gem Prices in The New Gilded Age

By Richard W. Wise, G.G.

Gem prices are definitely on the rise. However, these price increases seem to be following general market trends that is, the largest price increasing have been at the very upper end of the market while commercial qualities have remained more or less static. This compares almost exactly to the situation in the U. S. real-estate market.

From Florida’s Miami Beach to The Berkshires of Massachusetts, homes in the under 1 million price range are languishing on the market while homes priced in the one million plus category find ready buyers. In a recent article the New York Times it is reported that condos priced at a median price of 1 million in the Miami area have slipped slightly while those at the 1.5 million level have actually seen a slight increase. In the upscale Berkshire Mountains of Massachusetts the story repeats itself. Prices on single family homes below 1 million are not selling while the market for 1 million plus homes is described as brisk.

Likewise, Prices for fine quality Black opal have doubled in three years and prices for ruby, particularly the very rare fine unheated stones has risen 60%. Due to a diversity of sources, prices for unenhanced fine blue sapphire, the most popular colored gemstone in the U. S. is up a paltry 20%.

Some of this increase is due to the weak dollar which is down 40% against the Australian dollar, 20% against the baht and 22% against the Columbian peso. This has made U. S. real estate relatively cheap for foreign buyers. Since the international gem market operates mainly in dollars the effect has been similar.

As we move toward the low-end, gem prices have hardly moved at all. The bread and butter market is in the doldrums, commercial to good qualities have hardly moved upward at all. In fact, the entire low to mid range jewelry industry is experiencing something of a recession.

I Get Letters:

Seems like I get at least one question like this every week:

Judy from Melbourne writes:

Hello,

Thank you for your site and all your wonderful articles and books.
I wonder if you can help with how to appraise a very unusual stone my partner is thinking of buying. It is a 66ct peridot, loupe clean, square step cut with a deep pavilion, very dark green (but not olive) with almost no yellow, evenly saturated, and bought in Burma from the Burmese owner of a small mine.

The price being asked is around…(removed)…Appraisers here in Melbourne have never seen a similar stone, and say they have no benchmark for it, but it has been suggested that collectors might pay substantially more than the price being asked.

I would very much appreciate any guidance you can give me.

Answer:

Like Antiques Road Show in braille.

Judi,

How does one answer such a question without seeing the stone. I get quite a few similar emails so, if you don’t mind I will post the question and answer on my blog. This reminds me of a call in program occasionally run on our local radio station, WAMC. Two antique dealers are asked to value items described by the callers. They never actually see the item but that fact does not seem to get in their way. Its like Antiques Road Show in braille.

One of a kind stones, big stones are difficult to appraise even when they are in front of you. Is there a peridot worth that price, certainly! Based on a respected price list, the top retail price for Peridot in that size would be $360 per carat. for an extra fine gem. Is your stone worth that much? I really have no idea. The best one I ever saw had an asking price of $5,000 per carat. You say its not olive meaning no gray mask? The depth of color (saturation, tone, crystal and the quality of the cut would be the remaining key factors.

My best advise: Show it to someone who knows. In lieu of that, its anybody’s guess

Whats a buyer to do?

Follow me on gem buying adventures in the pearl farms of Tahiti. Visit the gem fields of Australia and Brazil. 120 carefully selected photographs showing examples of the highest quality gems to< img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer;" src="http://3.bp.blogspot.com/_jPHBjO2OLDs/RjD1BsdOzzI/AAAAAAAAALU/cJrRFFng7C8/s400/Front+cover++3-D+art.jpg" alt="" id="BLOGGER_PHOTO_ID_5057811790999506738" border="0" /> educate the eye, including the Rockefeller Sapphire and many more of the world’s most famous gems. Consider my book: Secrets Of The Gem Trade, The Connoisseur’s Guide To Precious Gemstones.

“Wise is a renowned author… He’s
done a marvelous job of this first book, monumental work, a tour de force…My recommendation: Buy this book”.

Charles Lewton-Brain, Orchid

whether you like to know what the best colour is in Tanzanite, or how to grade a Diamond, you will find it in this book. No other book I read before dealt with this topic is such detail as Richard Wise’s masterpiece.”

A. Van Acker, FGA
Amazon June 2005

“Secrets Of The Gem Trade: The Connoisseurs Guide To Precious Gemstones by Richard W. Wise is an impressive new reference for dedicated dealers and collectors of gems, gemstones, and … pearls. Introducing and descriptively exploring each and every gem covered in the easy-to-use reference, Secrets Of The Gem Trade contains an illustrated summary of each stone inclusive of its history and general information, hue and tone, saturation, which may be noticed as the finest, an understanding of the particular gems rarity, and the caution for synthetics and how to depict them, however depending upon the stone there may be description of clarity, color fading, multi-color effect, etc. Secrets Of The Gem Trade is very highly recommended to anyone interested in gemology as a superbly organized, authoritative, comprehensive, and easy-to-follow reference.”

Midwest Book Review
April 2006

Only $37.95. Read a couple of chapters online: www.secretsofthegemtrade.com.

Buy it on Amazon: www.amazon.com

Tourmaline: Copper, copper, whose got the copper?

2 Replies

You can’t smell it, you can’t taste it, you can’t see it but its presence or absence can make a difference of tens of thousands of dollars in the price of a tourmaline. What is it? Copper!

By Richard W. Wise

In late 1990 copper bearing tourmaline from Paraiba first entered the market. In 1991 I wrote an article for Colored Stone “Tourmaline, A Modest Proposal” in which I predicted that just as Paraiba had established a tourmaline aristocracy, inevitably stones that exhibited the light to medium saturation and hue similar to Paraiba stones would escalate in price. What I did not anticipate and could not predict was the discovery of Paraiba-like-copper-bearing- tourmaline in Nigeria and Mozambique. (Pictured above left 0.88 Paraiba tourmaline from Brazil from the R. W. Wise collection.)

Prices have, indeed, escalated and the hierarchy has been established. Regardless of the quality of the stone, genuine Brazilian stones from the Paraiba mining region will bring the highest prices followed by Mozambique followed by Nigeria. (Pictured below right: 14.70 carat pair of pear shaped Mozambique cuprian tourmalines. Cutting Edge Award Winners, sold) Problem is, areas such as Afghanistan are producing vivid blue green non-cuprian gems that are superior to some of the cuprian stones. What determines the price, beauty, oh no, its all about the copper. We have become inured to such absurdities in the ruby, sapphire and emerald markets but Virgina its only a tourmaline! (pictured below left 3.97 carat Afghan non-copper bearing blue tourmaline from the R. W. Wise Collection)

So at every booth in Hong Kong showing a pretty blue green tourmaline. What was the first question? “Is it copper bearing?” Without asking that question is was impossible to price the stone.

Staggering Prices Differentials:

Price differentials can be staggering. The 14.70 pair of pear shapes pictured above right are certainly the finest of the Mozambique stones yet they sold at a price that was less than half what a comparable, if you could ever find a comparable, pair of Brazilian Paraiba stones would bring. Stones that compare in beauty but are not copper bearing bring hundreds of dollars while copper bearing look-alikes command prices into the low thousands of dollars per carat.

Whats New on our website:

Still haven’t given up my day job. Just finished uploading a number of new pieces to our online catalogue. Several new tourmalines plus sapphires and some lovely new and antique jewelry pieces. www.rwwise.com

Whats a buyer to do?

Follow me on gem buying adventures in the pearl farms of Tahiti. Visit the gem fields of Australia and Brazil. 120 carefully selected photographs showing examples of the highest quality gems to educate the eye, including the Rockefeller Sapphire and many more of the world’s most famous gems. Consider my book: Secrets Of The Gem Trade, The Connoisseur’s Guide To Precious Gemstones.

“Wise is a renowned author… He’s
done a marvelous job of this first book, monumental work, a tour de force…My recommendation: Buy this book”.

Charles Lewton-Brain, Orchid

A. Van Acker, FGA
Amazon June 2005

Midwest Book Review
April 2006

Only $37.95. Read a couple of chapters online: www.secretsofthegemtrade.com.

Buy it on Amazon: www.amazon.com

Mozambique Cuprian Tourmaline, Part III

2 Replies

Mozambique Cuprian Tourmaline, Part III

Purple Cuprian; A dilemma:

By Richard W. Wise, G.G.

“I know what you’re thinking. Did he fire six shots or only five? Well, to tell you the truth, in all this excitement, I’ve kinda lost track myself. But being as this is a .44 Magnum, the most powerful handgun in the world, and would blow your head clean off, you’ve got to ask yourself one question: Do I feel lucky? Well, do ya punk?”

Clint Eastwood

As tourmaline aficianados know, there are few truly rare colors of tourmaline. A pure yellow without a stong green secondary hue is quite rare and I have never seen a true violet but until recently, purple was the one spectral color that absolutely did not exist in tourmaline. Yes we had purplish reds but until last year when the Alta Lighona tourmalines from Mozambique entered the market, never a stone with a purple primary hue. (pictured above: 15.5 carat purple Mozambique cuprian tourmaline courtesy Pala International)

In early 1989 when the first curpian tourmalines from Paraiba appeared in the market in Brazil some were sold unheated. Most of these stones were a dark toned greenish “sapphire” blue, a “Thai sapphire blue” to be precise. In those days, blue was the most expensive, elusive and sought after color in tourmaline. Rumors whispered of a pure blue gem that was reputed to rival the finest in Burmese sapphire. This was the holy grail of tourmaline. I recall holding on to one parcel of natural dark blue Pariaba for several years before I burned them just in case the demand for the medium electric blue proved to be a passing fancy. Well, as we know it did not and when I finally did heat it, the result was a half dozen pure medium toned visually pure Carrribean blue gems that I sold at a substantial profit.

Since that time I have seen many examples of blue tourmaline including the famous Manoel Mutuca (described by Proctor as “sapphire blue” see Gems & Gemology, Spring 1985, p.11)) and Santa Rosa material but none (at least so far) with a true pure blue hue. Blue tourmaline always has a distinct greenish secondary hue which becomes quite evident when it is compared stone to stone with fine sapphire. Blue tourmaline can be exceptionally beautiful but it looks like tourmaline not sapphire.

To burn or not to burn or “Do I feel lucky? Well, do ya punk?”

With the entry of Mozambique curprian tourmaline we have a dilemma similar to the situation with the early Brazilian curprian tourmaline namely that some of the unburned material has a rich pure purple hue that reminds one of Siberian amethyst or fine purple sapphire. The difference is that unlike the rather dull greenish blue unheated Paraiba, this stuff is beautiful,

The Mozambique purples have a hue that is rich and pure. So, to burn or not to burn, that is the question, according to both Gene Flanigan from Precision Gems and Josh Hall at Pala International, these deep purples are also the best candidates for the oven, they heat to a neon pure medium “Paraiba” blue.

Some dealers have chosen the obvious solution. If you want a pure purple but burnable stone they will charge the same price as for the neon blue.(pictured above: unheated cuprian rough from Mozambique). Pictured below is an exceptional 1.89 carat custom cut Carribean blue cuprian stone cut from the center piece of rough. After and before; the first image shows the cut stone before heating. The second image shows the stone after the heating process was completed. The stone, currently available for sale at www.rwwise.
com was cut by Gene Flanigan a very talented lapidary artist from upstate New York. (Images courtesy Gene Flanigan: www.precisiongem.com)

Will purple tourmaline go the way of fine star sapphires that hardly exist anymore because they can be burned and faceted? I don’t think so, some of the fine purples simply possess problematic inclusions that make them risky candidates for burning. I found an 8.19 carat oval, a lovely example of Mozambique purple on my last trip to Asia. This stone faces up clean but under magnification shows long growth tube inclusions and cannot be burned. It is out having its picture taken and will be posted in a later blog. Logically purple cuprian tourmaline will have a two track price structure. Stones with a high degree of clarity under the loupe will sell for prices that may be double that for stones with certain types of inclusions whether visible or not.

Bits and Pieces:

I get lots of emails. Don’t think I’m not grateful. Every once in a while a real interesting one comes through the mailbox. take this on:

Position Available:

Dear Mr Wise,

We are Stargate, diamond trading division of Ebenhaezer Bank Consulting Group of Belgium, operating in thirty countries worldwide. We have read your blog regarding the appraisal of stones by qualified experts. We have constant need of qualified gemologists, expert in assessing ROUGH DIAMONDS, and have great difficulty identifying where they can be located.

We offer good working conditions, contracts, and a fair remuneration.

A special need has arisen in Bangui, Central African Republic, where we are currently (this week) accepting a large consignment. We require the services of a qualified gemologist, expert in rough diamonds, to assist our team there.

Would you be kind enough to assist us at your earliest convenience?

Yours sincerely,

Lucilla Arioti

Global Client Relationship Manager, EMEA

Stargate,

a division of Ebenhaezer Bank Consulting Group

Telephone: London +44 207 870 5389

I am not familiar with Stargate but believe the lady is serious. She even called and left a message on my machine. So if you are a gemologist in search of adventure give Lucilla a jingle. This time next month you could looking at sparklies and sipping pina colodas in beautiful downtown Bengui. As for myself I’d love to go along but I can’t give up my day job but when you get there be sure to drop me a line and oh do be sure to take along a flack jacket.

New Site with excellent online library of inclusions:

Got an email from a French gemologist: Marie-France Boursier-Brard. Ms Boursier-Brard has developed an excellent site with online images of inclusions. The site is quite comprehensive and well organized. Just click on: www.gemmes-inclusions.com

Check out my book Secrets of The Gem Trade; The Connoisseurs guide To Precious Gemstones: www.secretsofthegemtrade.com.

Now at 30% off just $27.95

“This book takes a much-needed sledgehammer to the industry’s conventional wisdom about what makes a gemstone precious, and in the process builds a solid foundation for anyone who wants to understand the true beauty and value of gemstones.”

Morgan Beard
Editor-in-Chief Colored Stone Magazine