Ruby & Sapphire
Reference Chart
In an era of valuing transparency, the Standard Colorstone Price Guide emerges as a trusted beacon, reflecting a commitment to ethical practices, fair trade, and the overall enhancement of the industry's reputation. As the guide evolves, it holds the potential to become an indispensable tool shaping the future of the colorstone market worldwide.
"How is the Gemports price list compiled?"
The Gemports (The Colored Gemstone Reference Price Guide) is a collaborative initiative by four leading organization including Gems & Jewelry Trade Association of China (GAC), National Gemstone Testing Center (NGTC) China, The Gems, Jewelry, and Precious Metal Confederation of Thailand (GJPCT), and Thai Gem and Jewelry Traders Association (TGJTA).
The Gemports Ruby & Sapphire Price List is compiled using data gathered from various sources within Ruby & Sapphire industry. Here’s an overview of how the price list is developed:
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Market Research: The GAC, NGTC, GJPCT, and TGJTA groups employ a team of researchers and analysts who gather data from a wide range of sources within the ruby & sapphire market. This includes information from ruby & sapphire miners, manufacturers, cutters, wholesalers, and retailers.
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Main Ruby & Sapphire Trading Centers: The GAC, NGTC, GJPCT, and TGJTA groups maintain relationships with major ruby & sapphire trading centers around the world, such as Bangkok, SriLanka, Columbia and many others. These centers provide valuable data on ruby & sapphire transactions and market trends.
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Transaction Data: The GAC, NGTC, GJPCT, and TGJTA groups collect data on actual ruby & sapphire transactions, including the specifics of each ruby & sapphire sold (carat weight, color, origin, treatment clarity, brilliance, cut), as well as the price at which it was sold. This transaction data forms the basis for determining price trends and averages within the market.
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Industry Feedback: The GAC, NGTC, GJPCT, and TGJTA groups also gather feedback from industry professionals, including ruby & sapphire traders, manufacturers, and retailers. This feedback helps to validate market trends and ensure the accuracy of the price list.
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Analysis and Compilation: Once the data is collected, it undergoes rigorous analysis to identify pricing trends and patterns within the market. The GAC, NGTC, GJPCT, and TGJTA groups apply statistical methods and market knowledge to determine the most accurate representation of ruby & sapphire prices across different categories.
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Price Calculation: Based on the analysis of transaction data and market trends, the GAC, NGTC, GJPCT, and TGJTA groups calculate average prices for polished ruby & sapphire of various sizes, colors, clarities, origin and cuts. These prices are then published in the Gemports (The Colored Gemstone Reference Price Guide), which is released quarterly.
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Updates and Revisions: The ruby & sapphire market is dynamic, with prices influenced by factors such as supply and demand, economic conditions, and changes in consumer preferences. As such, the Gemport Price List is regularly updated to reflect the latest market conditions and ensure its relevance as a pricing benchmark.
It's important to note that while the Gemport Ruby & Sapphire Price List is widely respected within the industry, it represents retail prices. Additionally, individual ruby & sapphire prices can vary based on factors such as quality, rarity, and market dynamics.
