Archive for February, 2009

Tucson Gem Show 2009

Monday, February 23rd, 2009

The AGTA GemFair Pavillion

The air was crisp, the sunshine beautiful, yet in light of all the media coverage of the economy and forecasts, as exhibitors we had come knowing that we couldn’t really have the same expectations as previous years.

red trillion spinelThe show ended up better for us than we originally had imagined. Traffic at the AGTA GemFair (Feb 4-9) was about 20% down from last year, but the buyers that had shown up were pretty serious, albeit all with smaller budgets. Purchases were based on more specific calls and replacement of sold items rather than on speculation.

Items that did better for us were more unusual gemstone in nicer quality and lower per carat prices, in general a bigger look for the money such as fancy color zircon, spinel, kunzite, beryl, fancy color tourmaline, fire opal, purple cushion sapphire as well as smaller sizes of better color and quality in classic and more known gems such as blue and fancy color sapphire, tsavorite, spessartite garnet, aquamarine, rubellite, and precious topaz. In general, jewelers who have been more interested in color gems and invested time and energy in developing a market for them by educating their customer base, and offering custom design works and services seem to have benefited, and maintained better profit margins.

Our booth at the Tucson Show, in the AGTA GemFair Pavillion.

We have found that at present, prices at supplier levels have stayed pretty firm in almost all gem categories. For example, many mining and processing operations of rough gems, in Sri Lanka have shut down, since their high fixed costs are not justified by the present weaker world demand. At all levels, dealers would rather hang on to their inventory of rough or cut stones, as replacing them gets more difficult each day and nicer goods harder to find in general.

Attending the Tucson Show, whether as a buyer or in our case as an exhibitor, has an excitement associated with it true gem lovers can not resist. Once a year, the world of gems comes together at this show, creating an incredible energy which is then released and channeled through all the exciting and beautiful jewelry pieces created and offered with love to the end user. Whether you get to walk the red carpet or not, wearing these beautiful tokens of love, bring special feelings of joy and pride; emotions humans have shared through the ages.

Read an recent article by GIA color stone analyst Robert Weldon about his report from the Tucson gem and mineral shows. VIA: www.gia.edu


gem 2000 tucson 2009



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