SPOTLIGHT 市场聚焦 GEMSWORLD | 31 | 2025 Thanks to their colour and cultural significance, emeralds continue to shine bright in luxury jewellery circles. This is opening new opportunities for emeralds to capture a larger share of the high-end market, appealing to those seeking distinctive alternatives to traditional diamonds. Thanks to their vibrant colour and cultural significance, emeralds continue to shine bright in luxury jewellery circles. This is opening new opportunities for emeralds to capture a larger share of the high-end market, appealing to those seeking distinctive alternatives to traditional diamonds. Ribeiro noted that the inelastic nature of Brazilian emerald production means rising demand could soon lead to higher prices. "Emerald mines are rare, and production is limited," he explained. “This supply constraint, combined with rising consumer interest, suggests that emeralds could become an even more valuable and prominent component of fine jewellery.” Sourcing emeralds from Colombia, especially highquality gems, has also become challenging. Eric Sharabany of Emco Gem in New York noted that emerald supply “is always erratic” and that it is impossible to predict when and which product grades a mine will produce. This adds to the mystery and rarity of Colombian emeralds, he added. Livian of Neli Gems, meanwhile, cited a slight softening in emerald demand. He further explained, “It is a strange situation where supply is limited, but demand is weak as well. As a result, prices are not dropping even though demand is slightly weaker than usual.” Neli Gems’ main markets are the Far East and the Middle East. Major players like Gemfields, Fura Gems and Belmont Group help bring about a more structured approach to emerald mining hence boosting competitiveness in the market as suppliers vie to secure lucrative tenders. Karan Rawat of Hong Kong-based emerald dealer Geminent explained that in a closed tender, each bidder submits its best offer, pushing prices higher. And as prices go up at auction, this affects how dealers price their products. “If I am paying more for the rough than before, those costs have to be reflected in the final product price. When prices rise sharply, there is often initial resistance from customers who need time to adjust to the new levels. But in time, they come to understand and accept the changes,” said Rawat. Market preferences The 2024 US presidential elections, coupled with a slowdown in luxury buying from China, resulted in decreased demand in the gemstone industry. This shift influenced buying patterns and affected overall market dynamics, especially in high-value categories like gemstones. But for Sharabany, overall demand is stable, with commercial-grade goods still being used extensively in jewellery manufacturing across the globe while fine-quality gems remain highly sought after. Despite weaker Chinese consumption in 2024, he maintains confidence in the mainland Chinese market and continues to sell to regular clients there. His sales to other parts of Asia are also steady. “Consumers are still buying based on their needs and business models. There has been an increase in demand for 5-carat to 7-carat stones as well as those over 10 carats while sales of 1-carat to 3-carat items are flat,” Sharabany stated. For his part, Livian of Neli Gems is witnessing robust demand for larger stones at the top end of the market, influenced largely by the lavish showcase of emerald jewellery at the celebrity-studded wedding of Anant Ambani and Radhika Merchant in Mumbai in July 2024. Brazilian emeralds from Geminent Geminent的巴西祖母绿
RkJQdWJsaXNoZXIy NjAxOTU=