Joe Hinrichs, Group Vice President and President, Asia Pacific and Africa, talks about the global market for C cars and where the new global Ford Focus fits into the mix at the 2010 North American International Autoshow.
In the wake of the housing market melt down and soft market scandals investments in commodities are on the upturn. Emeralds as precious gems have always held value in the market and Colombian quality emeralds can be a harvest asset for any serious investor.
Gems are, ounce for ounce, the most concentrated form wealth man has ever known. Emeralds are extraordinarily profitable, and like other gems easy to store and conceal. An emerald worth millions of dollars could be less than 4 inches long and easily fit in your hand. The price ceiling for high quality emeralds has recently doubled. It jumped from a standard $40,000 per carat for the highest quality emeralds to almost $90,000 per carat for a 9 carat cut Muzu International emerald, which recently sold at Christie’s Auction House in New York. Making it understandable how a one ounce fine Colombian emerald crystal could fetch millions at the current price levels.
Because of the rarity of large cut quality emeralds future prices are only expected to go up. Many investors are buying high quality emeralds to increase and maintain the value of their portfolios. While not everyone can afford investing at those levels, there are alternatives that can prove quite lucrative. As with any investment due diligence is advised before making a commitment. With gemstones, there is a confidentiality of ownership. At present gemstone and diamond transactions are not individually reported to governmental agencies. This however is subject to change, therefore it is recommend one consult a professional tax adviser for your personal reporting requirements.
Below is a brief overview to aid one in making an informed decision when considering an investment in emeralds.
Colombian emeralds, especially those, from the Muzo mines by far command the highest value in the market. Generally speaking they are known for exquisite appearance, large crystal size and few impurities. The Itoco emerald is a perfect example of this. Most emerald dealers agree overall Colombian emeralds are the finest. A high quality Colombian emerald will fetch a 10 to 20% premium over African and Brazilian of similar size and clarity.
Although high end Zambian emeralds do not command the prices of high quality Colombian emeralds, they do have the edge over Brazilian emeralds in today’s market. Zambian emeralds mostly tend to be a medium to light green with a bluish tint. Because of their bright lively color and extraordinary clarity Zambian emeralds were originally suspect to be synthetic by established dealers when first discovered in 1976. Tiffany’s was first to acknowledge Zambian emeralds as authentic in 1989. Since then their popularity has increased and jewelers and dealers alike now recognize them as natural emeralds. Zambia was the first emerald producer to provide an affordable alternative in quality emeralds. For those who can not afford the top grade Colombian emeralds, the non enhanced Zambian emerald may be a good runner up. Emeralds from Zambia are trending now for several reasons.
- Like the cutters and polishers of Colombian emeralds, the Zambian emerald craftsmen