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Fine Coloured Gemstones And Indian Economy In 2017
These days jewellery trends and designs are getting inspired worldwide by the healing themes of gemstones
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Man's need to connect with the inner self is eternal and with the modern world's recent inclination to connect with nature, wellness, spirituality brings in a new interest in the treasures of the earth with the mystical element and healing connected with it.
Traditionally the three colored gemstones - rubies, blue sapphires and emeralds - have always been in demand but as the Indian citizen travels more and has better access to the Internet, the consumer has recognized the need for fine gem quality unheated and untreated gemstones due to increased exposure and awareness.
These gemstones form only a small fraction of the market as they are rare and are considered as collectibles or luxury buys.
Globally now the jewellery trends and designs are getting inspired by healing themes and inspired by the 5 elements of air, earth, water, ether and fire and there is an increased need and awareness about the healing properties of these fine gemstones.
Their antiquity (some form over million of years) and their nature of formation in the earth's crust absorbing the primordial and pure energy of the 5 elements make them mystical, valuable and desirable.
The science of gemology and specifically healing with gemstones is the most extensive as per Indian sacred texts. Gemstones and their desired characters and effects find mention in texts like the Agni Purana and the Garuda Purana.
The belief system
The belief system in special category of gemstones - jyotish gemstones and their healing powers is also extensive in the Indian psyche. ou can easily see celebrities like top actors, statesmen, corporate executives and businessmen donning these precious gemstones that not only deliver value on investments but harness energy to bring stability, good health, success, new opportunities besides numerous other benefits.
The fact that no sustained and planned advertising or marketing has been done to popularize these gemstones and healing powers, and yet their demand is a testament to their popularity and effectiveness.
Whether it is the bold red of the ruby that signifies courage and victory or the delicate and inspiring blue of the sapphire signifying discipline and dedication or the verdant green of the emerald signifying creativity, fertility and abundance one shall see that their demand will keep going up.
Real is rare and whichever product has these qualities will always remain in demand despite any kind of economic or market conditions.
People are waking up to demand ethical jewellery and responsibly sourced Gemstones as they connect with treasures of mother nature not just for their beauty and value but their profound ability to touch the spirit and heal.
In the past 5 years one can see a distinctive change in the consumers buying preference - wherein buyers actively ask for colored gemstones studded jewellery as compared to the conventional buying behaviour of purchasing gold jewellery or standard diamond jewellery.
By a conservative estimates, the size of the coloured gemstones market in India is valued between $1 billion-$1.5 billion and this market is expected to remain stable and poised for growth as the Indian consumer becomes more aware of the beauty, value and precious nature of fine gemstones along with the taste of responsible Luxury and wakes up to the option of Gemstones as an investment tool.
The gemstones that shall remain much in demand in 2017 would be ruby, emerald, sapphire (both yellow and blue), red coral, natural pearls, hessonite and cat's eye chrysoberyl.
Disclaimer: The views expressed in the article above are those of the authors' and do not necessarily represent or reflect the views of this publishing house. Unless otherwise noted, the author is writing in his/her personal capacity. They are not intended and should not be thought to represent official ideas, attitudes, or policies of any agency or institution.