Mine Owners Manipulate Local Market
By Richard W. Wise, G.G.
Collectors in the
According to David Epstein, author of The Gem Merchant and an American dealer living in
This buy up has been targeted at stones in the peach hues that the mine owners consider undervalued. Peach can be best defined as a pinkish-orange-brown to orangy pink range of hues. You will note that I do not use the term "Imperial" because the traditional distinction between precious and imperial makes little sense. Is an Imperial topaz not precious? Imperial is one of those terms that confuse rather than clarify. I like the terms spring, ripe and winter peach. A bit faciful? Yes, but fairly descriptive. As the orange tone deepens the stone goes from spring to ripe to overripe (winter), rotten would work but thats a hell of a way to market a gemstone.
The geographically limited production of topaz has made the market control scenario more than just possible. Commercial quantities of precious topaz ( all topaz other than the blue irradiated material), is mined in just one place, a twenty-square mile area in the Brazilian state Of Minas Gerais immediately adjacent to the city of
Capão's aggressive buying has born fruit. Prices in Brazil have jumped between two to three times previous levels. Oddly enough topaz prices in the higher priced pink, red and sherry colors have remained stable. According to Epstein, Capão's principals believe that prices in these rarer categories are already high and they miners feared a falloff in demand if they attempted to push them higher.
Quick Review: The Gem Merchant, How To be One, How to Deal with One by David Stanley Epstein:
David Epstein’s The Gem Merchant has been out for several years but I have had a number of readers contact me for advice on how to become a dealer. Read this book! It is an excellent primer for those interested in entering the arcane world of the gem dealer. If you are interested in tax-deductible travel to exotic places, buying and selling beautiful things, read this book before you buy your first air ticket.Mistakes made by neophyte gem dealers can be costly. David Epstein has been a practicing buyer’s agent in Brazil for twenty years and he knows whereof he speaks. This book will save you money.
"This book should be carefully read and digested, by those involved in buying and selling gemstones..."
Order direct from the book's author
Interested in reading more about real life adventures and secrets of the gem trade? Follow me on gem buying adventures in the exotic entrepots of Burma and East Africa. Visit the gem fields of Austrailia and Brazil's famous Capao mine. 120 photographs including some 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
Only $39.95. You can read a couple of chapters online: www.secretsofthegemtrade.com.
Buy it on Amazon: www.amazon.com