Contracting Your Own Jewelry Saves $$$$

Choosing and Buying Your Dream Gem

 One of the biggest ways jewelry stores make money is buying gems from a wholesale broker and then marking them up double or more. 

If the average gem changes hands 9 times before it reaches the, jeweler when is the stone best obtained? 

Answer: As close to the mine as possible, before it changes hands more than 3 times.

Each time a hand touches your gem the price goes up. It starts with a miner who discovers the gem. The supervisor of the miner sometimes gets a bonus along with the miner when a gem of value is found. For a very valuable gem the miner gives a small percentage to everyone on the crew which encourages the miners to not smuggle out the stone and sell it on the black market. The other crew members are more apt to turn in a fellow miner if they know they will be losing their bonus for being a member of the discovery team. But, mine workers still smuggle out stones which we do not encourage.

Then comes the “true broker,” who buys the gem(s) from the mine owner. The true broker markets the rough, uncut gem to a “buyer,” who takes a group of “rough,” gems to a cutter for grading/cut and then sells the stone(s) to another “wholesale,” broker as cut gem(s).

Either the stone continues changing hands (which usually happens,)or the buyer having paid for the cutting of the stones sells to yet another broker who markets the stones to either an American broker or a flipper who sells the stone to a jeweler or the general public. Sometimes a stone gets flipped multiple times at this point with the price of the gem soaring ever higher.

The average gem changes hands 9 times before reaching a jeweler or flipper and then you. Each hand it touches causes the price of the gem to rise. The way to get quality gems at true wholesale pricing means having a broker who deals with miners, cutters and a true wholesale broker and keep those extra hands out of the sale. This requires having a wholesale broker willing to sell single stones to an individual and who has connections around the world in or near the mines.

This is how we are able to offer you stones at prices your jeweler would not match even if they could find the rare stones we deal in. Jewelers prefer diamonds, sapphires, emeralds and rubies because these are easier stones to obtain from the large gem brokers and they pay for the privilege of not having to send money to foreign countries, track down rare stones and grab them as quickly as they appear as close to the mine as possible. As an avid collector of gems this is what I do. I always try to stay as close to the mine as possible. The only brokers we deal with are very close to the mine and we are offered these gems first, because we buy a lot and have established relationships world-wide. When we cut out hands, we save you money.

How I Curated Chateau Peridot

Vivid blue spinel from Sri Lanka

My first fascination with rocks cane from my aunt Sharon who was a geologist for the US government. She would take me all around in search of plowed fields and riverbeds looking for arrowheads and quartz. Then I discovered a meteorite and the fascination in my young mind was unleashed.

 

I have always collected gems and rocks but when I first saw a blue spinel and Burmese peridot I began to covet these gems. Before the price exploded I managed to make an amazing collection of both. Blue spinel I was originally purchasing at 200.00 a carat and now the price has soared to as high as 2500.00+ per carat and I am so glad I bought when I did. When I add a piece to my collection now I have to really haggle.

 

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Royal Blue courtesy Chateau Peridot

I buy these stones from miners and gem agents in Pakistan (Ceylon), Burma, Africa, Australia, Sri Lanka and Thailand. It has taken me years to build the trust and connections I have. No jewelry store in America, I dare say, could compete with me on price should I decide to do so. My collection is large and my gems were purchased very close to the mine and picked up in trade for rare garnet rough I owned. I also have some of the finest and most unusual colored gems but my best material is inn the blue range of sapphires though they are immensely more rare than blue sapphire and the price will continue. Among the most valuable blue spinel are royal blue.

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Peacock Blue Spinel, courtesy Chateau Peridot

Spinel come in virtually every shade of blue. What I love about blue spinel is that unlike sapphire it is not treated in any way or, “burned,” as they say in Sri Lanka by men at high temperature to make the inferior sapphires turn deep blue and melt out the imperfections. It is no longer an untreated stone when that happens and I was shocked to learn that over 90% of the sapphires we buy in America are heated and/or treated gems. If I wanted an ugly rock made beautiful I would burn one myself. This made spinel all the more beautiful to me since the spinel are discovered while mining for rubies and sapphires generally it also holds true that these beautiful blue gems have been mistaken for sapphires for hundreds of years and even ended up in royal collections identified as such.

When I opened Chateau Peridot it was my desire to allow people to buy their gem wholesale and then assist them in the mounting process at a vastly reduced rate so people who are not super rich can have and enjoy this fantastic gem in engagement rings, fashion jewelry or just to own as a collector. Much of the old rough from the mines is used up. The mines are playing out and many are not even producing. This gem will most likely be out of the price range of all but the very rich soon. Ebay is full of fake spinel so, “let the buyer beware,” but seek out blue spinel while you still can. Hold it, wear it and love it because it is a true natural beauty, and truly ultra rare.

I will accept offers on my blue spinel at http://www.chateauperidot.com Just pull up the one you want and and offer tab should appear as you browse the gem. Transactions are handled securely through Shopify and/or PayPal I will have the gem mounted for you near wholesale cost. No other discounts apply should I accept your offer. It never hurts to try, give it your best shot.