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The gemstone and jewellery sector is now witnessing a resurgence in demand after taking huge damage during the pandemic in 2020. There are a variety of reasons why coloured gemstones are always in demand. There are numerous explanations for this, which vary from person to person and even location to location, ranging from their spectacular and sumptuous appearance to their Vedic and astrological properties. Pawan Gupta, Director, P.P. Jewellers and Rohan Sharma, Managing Director, R.K. Jewellers, shares six differences in the demand of coloured gemstones in India vs overseas:
Middle class vs Upper class: Overseas countries with a large upper-class population have long been recognised as prospective markets. However, in the previous few decades, demand for coloured gemstones has increased in emerging countries, with the majority of medium and low-income countries seeing an increase. Many reasons are contributing to the shift in demand for coloured gemstones in nations like India. Social media impact, rising middle-class desires for a luxurious lifestyle, and an ever-improving standard of living are among these reasons.
Many reasons are contributing to the shift in demand for coloured gemstones in nations like India. | File
History & Culture: It's more about tradition and legacy in India, which has been passed down from generation to generation. Jewellery has traditionally been regarded as a secure asset, particularly among women. Gold, gems, and silver jewellery were once referred to as "StreeDhan," which meant "a woman's possession." This tradition of giving jewellery to daughters in marriage is still practised in many families today; however, today's girls are more aware of, and active participants in choosing the right jewellery for them, and the majority of modern brides prefer coloured gemstones with the same, if not greater, value but trending appearances over traditional Gold and Silver jewellery.
Gold, gems, and silver jewellery were once referred to as "StreeDhan," which meant "a woman's possession." | Photo by Shreya Sharma on Unsplash
Cultural differences: Some of the key reasons for considering gemstone jewellery in overseas countries include their strong financial potential or their sumptuous appeal. While in India, the bulk of the public still believes that coloured gemstones have Vedic powers that may help them align their chakras and stars.
The bulk of the public still believes that coloured gemstones have Vedic powers that may help them align their chakras and stars. | Wikimedia Commons
Trends& fashion: India is still a developing country, and not everyone is up to date on the current fashion trends, especially when it comes to luxury jewellery. Apart from monarchy, most Indians feel that gold and silver jewellery is still seen as a precious accessory or something worn in marriages and festivals as a symbol of wealth and prosperity.
Most Indians feel that gold and silver jewellery is still seen as a precious accessory or something worn in marriages and festivals | Pixabay
However, as times have changed and enhanced mass communication methods such as social media channels, digital photography, and influencer trends have emerged, the world has shrunk in size. People are more aware of all the newest trends and fashion throughout the world because the internet connects the entire planet. It's as if the entire fashion industry is in sync today. As a result, while coloured gemstone jewellery is currently popular among Hollywood celebrities, coloured gemstone jewellery is also popular in India.
Young Demography: Young generations nowadays prefer gemstones for a variety of reasons, ranging from following the newest trends and aesthetic reasons to being conscious of the mining process and other issues related to it. India has one of the world's youngest populations, which is beneficial for a variety of reasons, but it also explains why the demand for coloured gemstones in India differs from that of other countries.
The demand for coloured gemstones in India differs from that of other countries because India has one of the world's youngest poplation. | Photo by Sung Jin Cho on Unsplash
Brides preferences: Weddings have a significant part in the global demand for the purchasing of jewellery. In India, a bride's traditional wedding gown is a colourful or brightly coloured lehnga or saree that looks stunning with heavy gold or coloured stone jewellery. In contrast, a bride's attire for an international wedding is typically a white gown with a light and beautiful diamond necklace that looks stunning. (IANS/ MBI)
(Keywords: bride, young demography, fashion, trends, history & culture, demand, countries, pandemic, jewellery, gemstone , gold)
In earlier times gemstones, along with gold and silver were used as a form of money because of their universal value; today they are purchased due to their Vedic properties as well as to secure personal savings from the fluctuating value of money.
The vast gemstone market can be confusing, but with the right knowledge some of these gemstones can be good investments too, other than their gorgeous look of course!
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Diamonds are the first choice of all investors worldwide when it comes to the most popular gemstone. Rubies & emeralds are some other renowned names in the world of gemstones; these are collectors' favourites as well, mainly due to their solid returns. However, there are other amazing and newer gemstones like tourmaline and tanzanite that have been performing even better when it comes to investments but are still not known to all.
Pawan Gupta, Director, P.P. Jewellers by Pawan Gupta and Rohan Sharma, managing director, RK Jewellers share a list of the top six gemstones that are expected to rise in value:
The pink diamond is basically a type of natural Diamond, which is known to be very exclusive. Pink diamonds are trending among celebrities these days. These diamonds due to their rareness, beauty, and value give a special sense of beauty, romance, and luxury. As a matter of fact, according to the Argyle Diamond Mine, a pink diamond can cost not 2 or 3 but 20 times the price of a similar white diamond!
As per the British new service The Telegraph, pink diamonds were the number one investment opportunity for the year 2020. In the past 10 years, prices have seen a steady rise, and as per the experts, it will only continue to rise. Pink diamonds have also been considered as one of the world's safest investments by analysts at The Telegraph, since 2014.
Green Tourmaline is used in Gem healing therapy for body detoxification and stress reductionUnsplash
Ruby or Manik is a natural gemstone that has a deep pink or blood-red colour appearance. It is known as a precious gemstone from the Corundum family. Coloured rubies are also considered to be a safe choice in gemstone investments. As a matter of fact, from the collector's point of view, coloured rubies hold their value and market demand better than diamonds, especially the rare coloured rubies.
Tourmaline: Rubellites, Bicolour, Indicolite and Paraibas: Tourmaline is a natural, semi-precious, and colourful gemstone that belongs to the Cyclosilicates mineral group. This gemstone is found in many verities in terms of colour, ranging from black, brown, red, pink, purple, yellow to green, colourless, and even bicolour.
Green Tourmaline: Green Tourmaline is used in Gem healing therapy for body detoxification and stress reduction by experts. This fact is known to be one of the few reasons why its rise in value is definite.
Also read: Gemstone: A new Hotspot for investment
Paraiba Tourmaline: This gemstone is one of the most famous ones. It is copper-containing and considered to be one of the rare tourmaline varieties (also called Cuprian Elbaite) that display a distinctive neon blue to blue-green colour with a beautiful glow.
Rubellite: Natural Rubellite gemstone is a highly valuable gem variety of Tourmaline popular for its deep reddish-pink to pinkish-purple hue. What makes Rubellite gemstone unique is its mesmerizing purplish-red hue.
Blue Tourmaline/Indicolite: Blue Tourmaline or Indicolite is a Rare and incredible, natural gemstone. It is a valuable blue-coloured gem that is a part of the Tourmaline family. It is generally used for making fashionable ornaments and birthstone jewellery.
Watermelon Tourmaline/Bi-Colored: The natural Watermelon tourmaline stone is another rare and unique addition to the Tourmaline family. It exhibits green and pink colour with a minor white area separating the colour. It is usually known as Bi-color Tourmaline or Tri-color tourmaline in gem certificates. It is also generally customized in beautiful jewellery.
Sapphire is a precious gemstone that also belongs to the corundum family. Sapphire gemstones are popular for their striking blue colour, though they do appear in several other colour varieties as per the sales from some top auction houses, blue sapphire is known to be the second most popular coloured stone for investment.
The rarest sapphires are from Kashmir, but to this date, no new material has been mined in the past 100 years or more.
One of the most popular sources of sapphires is Sri Lanka, followed by Ceylon and Madagascar. Fancy colour sapphires are also trending among celebrities these days. Yellow, pink, and padparadscha are now also getting popular among investors.
Emerald gemstone is also rising in value in the current scenario due to an increase in demand. It is a type of mineral beryl. Some grid of these gemstones says the ones coming from the Columbian mines are generally more expensive than diamonds due to their comparative rarity. However, fancy coloured diamonds are still more expensive than emeralds of the same carat weight.
Tanzanite gemstones are a part of Zoisite minerals that are majorly known for their magnificent blue or violet colour. This gemstone not only looks breathtaking but is also said to bring stability to one's life by stimulating different chakras. (IANS/PR)
Keywords: Tanzanite, Emerald, Pink diamond, Diamonds, Gemstones, investments
Pearls are one of the most beautiful gemstones. Their white sheen undoubtedly bears the mark of purity and adorn the wearer with an added charm. Pearls come in a range of colours, from black to pure white, some shades being pinkish, or even bluish. Hyderabad, the southern city of India is often hailed as the 'City of Pearls'. Many people visit Hyderabad each year to get their hands on the beautiful pearl jewellery that is made here.
A pearl artist working on a design Image credit: Wikimedia Commons
The Nizams of Hyderabad were extremely fond of pearls. They often gifted their wives, the Begums, elaborate strands of pure white pearls. During their reign, they ordered the pearls from various parts of the globe to be brought to their abode. Most of their pearls came from the Arabian Gulf which has the most exquisite type of this gemstone. When the world's best pearls conglomerated in one place, Hyderabad became famous for being the pearl hub of the world. This is how it began its trade.
Today, Hyderabad has kept up the name it was given by the Nizams. The pearls of Hyderabad invariably adorn most brides across India. Hyderabad pearls are often known as cultured pearls because of the treatment they undergo to become the impeccable jewels they are. Various shades of pearls are collected and graded according to size and type. Some of them are bleached if they are too dark. They are placed in hydrogen peroxide for a few days and then exposed to the sun. After this, they are washed, and graded again based on their lustre and sheen.
This satlada has nearly 465 pearls in it Image credit: Wikimedia Commons
The pearls are then set into jewellery. Hyderabad is famous for its Satlada and Paanchlada, which is seven string and five string respectively. The pearls are strung into long lines and wound into neckpieces. Some of them are set with exquisite gemstones into bangles, earrings, and chains. The most expensive variety is called 'Basra'. The 'rice-pearl' is a unique kind of pearl found in South India. The most famous part of Hyderabad where these pearls are cultured is a place called Chandapet.
Keywords: Pearls, Jewellery, Gemstones, Hyderabad, Nizams of Hyderabad, Purity of gemstones.
Whenever you visit Jaipur, you must not forget to visit the beautiful monuments, and at the same time, its famous textile and crafts industry.
So, whenever you plan to visit the Pink City, gather these beautiful souvenirs for yourself and your loved ones.
1. Lehariya Saree
This is a traditional style of tie and die which is practiced in Rajasthan, and in fact, still holds a significant place in the market today. Though, Lehariya Saree is now available in thousands of colours in many shops in and around Jaipur. One of the fun facts about this souvenir is that you can pick any design and colour of your choice, and feel proud of having something which belongs from the old generation of Rajasthan.
2. Blue Pottery
Interestingly, the name “Blue Pottery" comes from the eye-catching blue colour which is used to enhance the look of traditional pottery made in Jaipur, Rajasthan. This kind of pottery is very special as it is sculpted in a beautiful manner. At the same time, this pottery stands out from other potteries because of the mixture from which it is prepared, which includes quartz stone powder, powdered class, multani mitti, boax, gum and water.
Blue Pottery, Jaipur. Photo by Wikimedia Commons.
3. Bandhani Dupatta
Bandhani Dupatta is beautiful embellished with wide borders, which are made up of patch work, tassels, gota work or mirror work. This dupatta has on it swirling patterns of with bright vibrant colours. There is no doubt that these look beautiful and royal, as it has a sense of traditionalism in it.
4. Block Print Fabric
Jaipur is very famous for its block print culture. From From bedsheets to ethnic wear and from quilts to table covers, this old and traditional way of making prints on cloth via different kinds of patterns of wooden blocks never gets old. It is believed that the finest kind of block print fabric can be bought from Jaipur.
Block Printing in Jaipur. Google Images
5. Gemstone Jewellery
If you visit Jaipur, then you just cannot miss gemstone jewellery shopping. This kind of jewellery is of fine quality, and use gemstones in a great amount. From earrings to necklaces, every piece of jewellery includes some or the other kind of gemstone which increases its beauty.
Keywords: Jaipur, India, Travel, Tourism, Block Printing, Gemstone Jewellery, Bandhani Dupatta, Blue Pottery, Lehariya Saree.