4 - Market Awareness Flashcards
Source
A gem-producing area, or a particular mine in that area.
What are the three main sources of sapphire currently? What are some other sources?
Historical: Kashmir
Major: Thailand, Sri Lanka, Myanmar
Other: Madagascar, USA, Australia, India
What country is synonymous with ruby?
Burma/Myanmar
What are the two main sources of emerald?
Colombia, Zambia
What are two main sources of alexandrite?
Russia (old), Brazil
What is the main source of tanzanite?
Tanzania
When did tanzanite’s interest peak?
1984
Manufacturer
Cutter and polisher
Dealer
A wholesaler
Cutting center
A city, region, or country with a large number of gemstone manufacturers.
Fashioning
Another term for manufacturing (cutting and polishing)
Which country is a leader in corundum heat treatment?
Thailand
High-end market
Market sector where fine-quality, expensive gemstones are used in unique, handcrafted jewelry pieces.
Commercial market
Market sector where average quality gemstones are used in mass-market jewelry.
When do gems separate into market sectors?
Typically as soon as they leave the mine.
Padparadscha
Rare, pinkish-orange sapphire.
Lightning Ridge Opal
Australian black opal with a harlequin pattern.
What three types of gemstones does Japan tend to prefer?
Star sapphires, Australian black opals, kunzite
What kind of gemstone is prized in China?
Burmese jadeite.
What are five qualities of independent retailers?
Less buying power
Greater flexibility
Specialization
Unique items
Personal customer relationships
What advantage do large retailers have?
They can negotiate good deals with suppliers.
What advantage to small chains have?
They can specialize in higher-end goods.
Guild store
Any jewelry store that specializes in high-end goods.
