Colombia To Host World Emerald Symposium in October


colombian-emeralds

Colombia is to hold the first gathering of the world emerald industry, and is inviting all emerald producing countries to take part in the event in Bogota from October 13 to 15. The conference will be followed by a visit to the famous Muzo emerald mine.

The countries invited to attend the conference include Zambia, Brazil, Russia, Afghanistan, Pakistan and Madagascar. In addition, all relevant players are being invited, including governments, the private sector, civil society and all sectors of the emerald mining and manufacturing industry.

The conference will provide a comprehensive analysis of all elements of the emerald industry, including geology, mining, resource management, laws and regulations, manufacturing, treatments, marketing, nomenclature, labs and certification, education, origin and traceability, harmonization of the sector at the global level, relations with consumers, jewelry, branding and overall supply chain integration from mine to market.

The issues will be addressed by high-level experts from governments and the gemstone industry from a range of relevant countries, and there will also be discussions and working groups looking at the promotion of emeralds and addressing industry challenges.

The official program of events, debates and discussions is due to be released shortly. The overall aim of the conference is to boost the image of emeralds as a valuable stone and to deal with a wide range of issues, including safety in mine production and transport and emeralds as a leading global precious gemstone and store of value and to enable the global emerald industry to have a common language and unified approach.

An organized visit of delegates to the emerald mine in Muzo and surrounding area will take place on October 16.

The official organizers of the conference are: the Ministry of Mines of Colombia; Agencias Nacional e Mineria ANM (National Mining Agency); Fedesmeraldas (the Colombian Emerald Federation); ACODES (the Emerald Exporters Association); APRECOL (the Colombian Emerald Miners Association); and ASOCOESMERAL (the Colombia Emerald Dealers Association).

Source : gemstone.org/

180,000-karat gem sparks international debate


CBS NEWS 
March 30, 2015, 7:07 AM

One of the largest and rarest gems in the world is at the center of a court battle in Los Angeles. Several people are staking a claim to the 840-pound emerald, but they’re taking on an entire country, reports CBS News correspondent Ben Tracy.

Kit Morrison said the Bahia belongs to him and two of his associates.

“We’ve beaten six people,” Morrison said. “We’ve either settled with them or beaten them in court to show that we are the bonafide purchaser of this emerald. We are the last man standing, if you will.”

The emerald was first discovered in Brazil’s Bahia mines in 2001. It was reportedly shipped from São Paulo to northern California, then bought, sold and allegedly stolen several times in several locations. Then in 2008, a man named Larry Biegler reported it stolen from his California warehouse. Police found the emerald in Las Vegas in the possession of Morrison, who said he bought it from Biegler.

Morrison said he paid seven figures for the emerald and has proof.

“We have a purchase and sale agreement we have a lot of documentation,” he said.

But the stone’s story isn’t that crystal clear.

“It belongs to Brazil and we are going to fight for it,” Brazilian government representative Marconi Melo said.

The government claims in court documents that the emerald was “illegally mined, illegally transported, illegally exported to the United States.”

When asked if they would even care if the emerald weren’t worth so much money, Melo said, “We care that no gem or stone or mineral of Brazil could be taken out of the country without the correct authorization.”

He sees it as an exploitation of Brazil’s resources.

In court Monday morning, Brazil will ask a judge to dismiss Morrison’s claim to the gem. Attorney John Nadolenco is representing Brazil and said the case against Morrison is clear.

“The emerald was never theirs to buy, trade, sell, or invest in,” Nadolenco said. “The second it came out of the ground, it belonged to Brazil and it still does.”

If it succeeds, the Brazilian government says the Bahia Emerald’s new home would be in a museum.

© 2015 CBS Interactive Inc. All Rights Reserved

A look at the emerald trade from rough crystals to gemstones and how the offices work in Colombia

 

R._holding_a_rare_crystal

An exceptionally large, finest rough emerald crystal from Muzo. This was offered at $45,000 wholesale price in Bogota’ in 2004. It cut two stone (match pair) of squares 7 cts. each.

emerald_louping

Viewing an emerald rough with loupe on the famous Catorce or emerald market in Bogota.

Emerald Buying

Many of the brokers are women. My best stone during that trip, an exceptionally clean Muzo stone, heart shape of 5.65 ct. was purchased from a beautiful, female broker…nothing new about this selling tactic…except that it works well for the seller.

Emerald check

Checking emeralds. To know emeralds quality and price takes a lot, lot of experience. Checking emeralds under special loupe. A careful, close-up examination is very important. There are many synthetics offered to foreign buyers.

Sorting emerald clean parcel

A fine parcel of emerald crystals is examined. Technician checking more emeralds at a typical office. A master cutter, initializing the cutting process of an exceptional emerald crystal. This process is thought through very carefully before the cutting begins.

Emerald cutter

The master cutter’s wheel and examining the emerald crystal and try to decide how to get rid of the included section (whitish portion in the emerald crystal). Probably that occurred when the crystal was broken away from the rock host (matrix).

Muzo pair fine gota de aceite 8.50 cttw

Here is the final result: Finest color, top clarity and awesome cutting for this finest match pair, 8.5 cttw. from the Muzo crystal seen previously. In Colombia, top emeralds are called “gota de aceite”, that means “oil drop”. Were offered for sale in November 2004 in Bogota for several thousands of USD per carat.

Top Emerald Mining Countries of the World

 

Emeralds

Emeralds are gemstones from the beryl family. Rough emerald deposits are typically found in metamorphic rocks, and their unique greenish hue attracts people from all walks of life. There was once even an ancient decree passed that only royalty and nobles were allowed to wear such an extravagant jewel.

Fortunately, times have changed. These days, anyone can freely purchase and enjoy quality emeralds from any number of countries.

Rough Emeralds, Then & Now

In ancient days, rough emeralds came from Egypt. Queen Cleopatra, the last Pharaoh of Egypt, was a true devotee of this precious stone. Mines near the Red Sea were even named after the captivating queen, because of her intense love for this rare and beautiful jewel.

During the mid-1600’s, Spain discovered Muzo, the Indian’s secret mine for rough emeralds. The largest mines of rough emeralds were found hidden deep in the Andes mountain ranges.

What are the Top Emerald Mining Countries of the World?

Emeralds

Rough emeralds out in the production of these stones. Here is a look at the top mining countries for rough emeralds:

  1. Colombia. The mountain ranges of the Andes are located in Colombia. There are three major mines in this region: Muzo, Chivor and Coscuez. Two of these mines are leased by the government to private companies.
  2. Brazil. The emerald mines of Brazil are located in the states of Bahia, Minas Gerais and Goias. Some say they are now producing rough emeralds that well rival the ones mined in Colombia.
  3. Zambia. The majority of the gems produced in Zambia are found in the Kamakanga and Kagem mines. Both are found in the northeastern region of the country.
  4. Zimbabwe. This country produces rough emeralds from the Sandawana mine, located in the southwest of the country. Emerald production here is not as high compared to some other countries.
  5. United States. Beaver County, Utah is home of rough emerald production in the US. The mines are located in the eastern slopes of the Wah Wah Mountains.

What are the Distinguishing Characteristics of Emeralds from Different Countries?

Colombian  rough emeralds are highly prized because of their deep green color. Emeralds of dark green are generally much rarer. These emeralds are found only in the deepest part of the Andes ranges.

Brazil produces rare cat’s-eye emeralds and very rare six-spoke star emeralds. No other country has ever produced such a magnificent type of rough emerald.

Zambia is known for mining deep green rough emeralds, similar to those found in Colombian mines. The finest stones they have are clear, grass-green in color but somewhat smaller than the darker ones.

Zimbabwe’s rough emeralds are small in size, but are some of the finest. Their color is bright green, with warm yellowish undertones.

The United States is the only country to produce one of the world rarest gemstones: the Red Emerald. These are only four carats, but more rare and more expensive than diamonds.

If you have the same passion for rough emeralds as Queen Cleopatra, you should take care to purchase stones that are highly graded. When it comes to emeralds, the world is your oyster. So to speak!

Emerald Gems Good for Investment?

Emeralds

Is your birthday in May? If so, lucky you the stunning green emerald is your birthstone! A scarce gem, the emerald is a symbol of beauty, status and power, valued particularly for its rich color.

Many people purchase emerald gems and emerald jewellery simply for their beauty and appeal perhaps as a romantic keepsake or special gift for a loved one without even considering their value as an investment. How many people do you know who buy emeralds for their cash value?

Although emerald gems are not as popular as stock investments, there are savvy jewelers and investors who consider acquiring emerald gems as assets a serious business, and one that rivals the difficulties of many conventional investment vehicles.

There are many things to consider when purchasing an emerald for its investment value. First, let answer one very important question:

Are Emeralds Good for Investments?

The answer is a big YES! Here are some solid reasons why emerald gems could make a great contribution to anyone investment portfolio:

Emeralds Investments

  1. They’re small and easy to store unlike stocks, cash, or real estate and other traditional forms of investment; valuable emerald gems are conveniently small in relation to their cash value. Just imagine: a gem worth $10 million could fit in the palm of your hand! This makes emerald gems the ultimate investment vehicle for non-detectable and easily kept assets. You don’t need a big bank vault or an army of accountants to keep track of them for you!
  2. Private and anonymous investments currently, transactions related to emerald gems and other precious stones do not require reporting to government agencies, as long as you’re a private owner and not an emerald dealer. This means you can invest in emerald gems without having them listed as part of your public records. Private investors can store emerald gems wherever they wish, be it a bank vault or a personal safe. This is ideal for investors who want to keep their assets safe from prying eyes.
  3. Emeralds gems don’t easily fluctuate in value unlike stocks and mutual funds that require regular checking to keep your money afloat and earning, emerald gems command a stable value in the market, and can save you the hassle of constantly checking the stock market and moving your funds from one stock to another.

As we know, today economy is facing high levels of inflation, and this trend is expected to continue. For this reason, investing in emerald gems is a good idea, since their values don’t plummet like stocks and other traditional investments. Even when the price of high quality diamonds fell by 20%, emerald gems held their value some even saw a price increase.

If you want to start buying emerald gems as an investment, be careful about where you get your emeralds. Be diligent in researching information before making a purchase. Check the emerald’s color, clarity, carat and weight. Emerald gems hold their value over time and their price is expected to go up as time goes by. Choose your emeralds carefully who knows how much your wise investment could be worth after a few years!