Buying and selling stones

Only those who are constantly buying and selling stones for a living are able to judge market values, and then only in their capacity of manufacturer, dealer, wholesaler, or retailer, as the case may be. The mere fact that a certain stone of a definite color, size, or form of cutting is wanted for a particular purpose is alone sufficient to raise its price, when procured, by perhaps twenty per cent, but that value is seldom obtained when the stone is resold in the course of time. However, the general relative values of stones may be estimated if the goods of a first class retail jeweler be studied. If he knows his business, he should be buying his stones at the right price, and he should be selling at current values.

But it must be remembered that the mounting of a stone into an article of jewelry involves the use of precious metals, skill, and time, and these factors have to be considered when mounted stones are judged. Such factors weigh heavily in cheaper articles where small or less valuable stones are used. But in expensive jewelry, where the stones are large or of fine quality, the gems make up the bulk of the value.

It should be repeated again that values are not something which can be learned by reading. It needs long experience to judge values, and even then opinions differ to some degree. This is one of the reasons why dealers can sell and buy stones among themselves, each making a profit. But one must have the knowledge to support one’s judgment, as well as a possible market in view. ‘ The values we have given are approximate at the time of writing, yet they may serve-as some guide to those who are not familiar with the worth of gem stones.

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