MARKET INTELLIGENCE 市场情报 JNA January/February 2025 | 41 gemstones is evidently rising. When sourcing high-grade gems, clients are also demanding gemmological reports and documents,” revealed Raphael. Gübelin’s Gem Selection service allows clients to choose carefully sourced and curated gemstones that resonate with them. In turn, the jeweller will set it in a piece of bespoke jewellery, tailored to the client’s vision. He remarked, “This is more than jewellery; it is an experience and a piece of art. The gems are hand-picked by our experts, sourced from renowned origins and meet our rigorous standards.” Gemmological developments Even gemmological laboratories are seeing a spike in the number of coloured gemstones being sent for testing. Daniel Nyfeler, managing director of Gübelin Gem Lab, said a considerable number of top-quality Mozambique rubies, most of which are unheated, is brought to Gübelin Gem Lab for evaluation. “The best ones qualify for the crimson-red denomination. We also receive Burmese rubies while blue sapphires and emeralds seem steady. The number of jade, Fei Cui, topaz, pearls and padparadscha sapphires sent to us for testing were also significantly higher,” revealed Nyfeler. With the increased number of gems being tested, the lab’s AI-powered Gemtelligence gets deployed at a much deeper level and utilised as an “assistant” in Gübelin laboratories, where it supports gemmologists in determining origin and treatment of rubies, blue sapphires and emeralds. Market overview According to Damien Cody, president of the International Colored Gemstone Association (ICA), finer goods and extremely rare coloured gemstones remain attractive and continue to command high prices. Throughout 2025, gemstone prices are expected to stabilise further and reach more reasonable levels after unprecedented spikes during Covid-19, added Cody. Raphael Gübelin, president of high-end jeweller House of Gübelin, said the year 2024 marked the launch of several Gübelin pieces featuring the stunning spinel, which is sought after for its diverse, vibrant colours. Among these is a cocktail ring with an extremely rare 12-carat spinel that changes colours, which never fails to delight connoisseurs. The gem radiates blue in sunlight and turns purplish violet under artificial light. Its colour-change characteristic makes it stand out, he noted. “In recent years, the popularity of spinel has surged significantly, leading to a noticeable rise in demand for these exquisite gemstones,” explained Raphael. “In general, the challenge is sourcing gemstones that meet our strict quality criteria.” He added that the so-called Big Three in the coloured gemstone trade – ruby, sapphire and emerald – bearing the finest qualities enjoy steady market demand alongside Paraiba tourmaline, padparadscha sapphire and spinel. “Based on our observation, people are increasingly on the lookout for extraordinary gems. The interest in coloured Sapphire Aeterna Waves necklace in platinum from Bulgari’s Aeterna Collection. The piece features a 38.93-carat cushion-cut Sri Lankan sapphire pendant 宝格丽 Aeterna 系列的Sapphire Aeterna Waves铂金蓝宝石 项链，镶嵌一颗38.93克拉的枕形切割斯里兰卡蓝宝石吊坠
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