Showing posts with label San Jose da Batalha. Show all posts
Showing posts with label San Jose da Batalha. Show all posts

Wednesday, September 20, 2006

Mozambique Cuprian Tourmaline: Part II; Beyond the hype

Dateline: Hong Kong

Arrived in Hong Kong Monday night locked, loaded and ready to expose this Mozambique Cuprian tourmaline for the over-hyped fraud I thought it was and got a surprise. Quick answer to the burning question of the day; yes, there are some Mozambique stones that will stand up to the finest from Brazil.

Recently I have seen quite a bit of the stuff and found some of the asking prices bordered on the ridiculous. Examined one 7+ carat green tourmaline that looked like, well a medium dark yellowish green tourmaline, nothing special but the price. If it had been offered to me for $100 per carat I would have sent it back but it was Cuprian so the wholesale asking price was $3,500 per carat. (see part I, super star stone or overripe hype)

A lot of the Mozambique material out there simply does not make the grade. Yes you can find Caribbean aka neon-blue, aka windex-blue that is, a visually pure light/medium toned blue that is of the same hue as Paraiba but read the book www.secretsofthegemtrade.com; color divides into hue, saturation and tone with Paraiba and all its wannabes it is all about the saturation baby. Much of this material has a subtle gray mask, so subtle that you can’t actually see the gray; you just get the impression of cool and dull. This can be difficult to detect because blue is, generally speaking, a cool color. For collectors who depend upon laboratory reports rather than their eye to make a buying decision that can be particularly vexing but “buying the cert” has always been a snare and a delusion. So, if you need a certificate to tell you whether the stone is beautiful I suggest a new hobby.

How good is the best Mozambique compared to the Paraiba paradigm? On a scale of 1-10, the best of the Mozambique achieves a solid 8.5-9.0. I saw two stones that were 9+. So, is Mozambique over priced? The best, definately not but the common sort of pale material with current asking prices of several thousand dollars a carat is best avoided. Those who hope to ride on the coattails of a legend will be disapointed. Stones of this description are destined to fall from four figures to three.

Judging by Hong Kong, the price structure for very fine Mozambique Cuprian tourmaline is very much in place with little variation from dealer to dealer but overall the prices are half or less than you would expect to pay for comparable Brazilian gems.

Coming Up:

Big Price Increases in Fine quality untreated ruby and sapphire, are they for real?

Some experts are claiming 100% price increases in untreated fine quality ruby and sapphire. What’s the word from the Hong Kong Show? Stay tuned.

Tuesday, July 04, 2006

Cuprian Tourmaline from Mozambique; Super-star-stone or just Over-ripe-hype?


By Richard W. Wise, G.G.

©2006


A recent fi
nd of cuprian(copper colored) tourmaline from Mozambique is making a lot of waves among gemstone dealers and collectors..

Reportedly these gems come from an alluvial deposit near Mozambique's Alto Ligonha. Region. One source tells me that the water born material is essentially mined out a statement that should always be viewed skeptically. The source of these river pebbles is yet to be found. This same source suggests that the entire production may be less than 50 kilograms of rough stones.

Is Mozambique the new Paraiba?

Much of the material cuts eye clean gems. Unlike the original material from the now famous São José da Batalha mine in the Brazilian state of Paraiba and two similar Brazilian locations which yielded mostly visually included smaller gems, the Mozambique cuprian is larger and a number of eye-clean 20-60 carat stones have been cut.

The color is said to be a more uniformly "aquamarine blue" than gems from the Brazilian find which featured a color range of green, blue-ish-green to blue. The blue color, usually described as
Caribbean or Windex blue is dominant and the hue is described as "watery" meaning that the gems lack the supercharged saturation of the finest Paraiba stones. This is particularly true in cut gems in smaller sizes (under 5 carats). Larger size gems seem to hold the color better and appear to have saturation closer to their Brazilian counterparts. I have not seen enough of the stones to make a definitive statement but what I have seen is quite beautiful though paler in saturation than the best of Brazil. One dealer suggested to me that the blue-green material was far more beautiful.

Image: Looking pretty super, this 13.42 carat oval is a highly saturated light-medium tone green-blue hue from
Mozambique

Prices:

Partisans of the new material from
Mozambique are touting it as "Paraiba tourmaline" and asking very aggressive prices. Several sources stated that dealers who are members of the American Gem Trade Association (AGTA) and have purchased significant amounts of rough material pressured the Gem Lab Standards Committee (GILC) for changes in terminology that would annoint these stones "Paraiba" on certificates issued by the AGTA Gem Lab. (see Pricing the crème, Part III). To be fair, CIBJO, the international committee that establishes terminology standards (bet you didn't know there was such a thing) in its 2005 Blue Book has recognized "Paraiba Tourmaline" as an acceptable trade name for cuprian tourmaline regardless of the source.

To Buy or not to buy, that is the dilemma:

The beginning is usually the best time to buy. Why?, because even a small strike can produce an initial flood of gemstones that overwhelms the market causing prices to fall. In a market of limited size such as the colored gem market, the discovery of a new gem variety or a known gem from a new source sparks interest and as interest grows demand increases. At the same time supply declines resulting in increasingly higher prices. We have seen this cycle repeat itself time and time again: Paraiba tourmaline, Spessartite Garnet, Demantoid Garnet are just a few examples of new gem strikes that are going through this sort of market cycle.

However, in the case, Mozambique cuprian tourmaline is being hyped as the "new Paraiba" and asking prices have started out very high despite the fact that the much of the new material does not measure up to the hype. As one source put it, on a scale of 1-10 where the best of the Paraiba Tourmaline would be a 8-10, the
Mozambique tourmalines are between 3-6.

With the rise of the shopping channels, gem marketing has entered a new era. During the past decade we have seen a consolidation in an industry previously dominated by wildcatters, small dealers with a limited stake and an even more limited budget. The shopping channels have become economic jugernauts. Selling directly to consumers, with millions in sales and huge numbers of viewers they have begun to control the market. Jewelry Television (ACN) which advertises itself as the world's largest retailer of loose gemstones, grossed over 300 million dollars last year. Witness the recent hype over Andesine (red sunstone) which the shopping channels are also calling “the new Paraiba”. In addition, we see a few big time dealers who watched the Paraiba phenomenon are holding large inventories of Mozambique rough and are determined to pump up the market and cash in big. Today, both these factors are at work and this has resulted in a distorted and overheated market.

My Advice:

If you are going to buy, buy high quality and buy big sizes. Larger stones are reported to "approach" the quality of the original find and if it looks like a duck… Stones from the original Paraiba mines are extremely rare over 5 carats and barely exist over 10. Otherwise, wait for the hype to die down! Market realities will eventually assert themselves and force prices into line with the relative quality of the gem on offer.

P.S. Cuprian vs. cuprite, whats in a name: My readers may have noticed a change in terminology from cuprite to cuprian this is the result of a gentle reminder from one of my faithful readers John S. White former Curator of the Smithsonian Mineral Collection: "Please, enough with this "cuprite tourmaline." Why do you continue to perpetuate what is unarguably the worst name that anyone has applied to Paraiba-like tourmaline? Cuprite is a distinct mineral species, it does not occur within or around gem tourmaline anywhere in the world. Furthermore, making the appellation even more ludicrous, cuprite is red, it is not blue nor green. You would be doing the gem world a favor if you would disavow your usage of this term while perhaps citing several of the others that have a far greater chance of being adopted." Thanks John!