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(Hosting-NewsWire.com, April 01, 2013 ) San Francisco, CA -- In an office far away from the dusty roads and honking car and motorbike horns of India, Gagan Choudhary squinted through his spectroscope at an emerald, and like most of the green stones sent to his lab, it turned out to not be as it seemed.
“It's like detective work,” he stated. “Every stone is different. Some are so sophisticated that in some cases we spend at least two hours on an emerald.”
As the deputy director and head tester at Gem Testing Laboratory in Jaipur, Mr. Choudhary sifts through the thousands of colored stones every year, and is always determined to find how whether or not the gems are as promised by sellers.
The outcome comes out to be nearly 95% of all emeralds, and 99% of rubies and half of sapphires are in one way or another unnatural. Whether it is being laboratory-created or treated with resin and injected with color, there is often something amiss with the gems.
Artificial treatment is not an uncommon tactic to correct flaws in gems; however, it is illegal if the gem is not disclosed as treated to the buyer.
Amid the now soaring prices within the global market for colored stones, Jaipur's gem cutter and jewelers have found themselves on the short end of the bidding stick a number of times as their rivals have stronger finances.
Jaipur attracted the world's best gems for centuries, with a tradition harking back to the early end of the 1700s when the ruling Maharaja Sawai Jai Singh II founded the city as the capital of Rajasthan. He drew forth the best artisans from across the country to craft bejeweled sword hilts and all other manners of accessories. Over time, the Jaipur's craftsmen earned a reputation for their skills in cutting stones that were highly brilliant, such as emeralds.
Now, despite the heritage and history, Jaipur's craft industry is being pushed aside by outside sources. “There’s a real shift in global power,” said Alexander Mees, a colored gem expert at JPMorgan Cazenove. “The colored gem market is still fragmented and less mature than diamonds, so we’re likely to see more large-scale companies as consumer preferences rise.”
“The high end of the industry is very strong, as rich customers are looking for new stones people have never heard of, like rubellite, green garnet or spinel,” said Jean-Claude Michelou, vice president of the International Colored Gemstone Association, who is a World Bank consultant. “People are looking for exceptional, rare, big stones.”
And because of all this, Jaipur gem buyers are now looking for other ways to keep profits afloat, including creating false gems. This is a trend that is likely to continue whilst they are further pushed out of the market.
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