Are gemstone price fluctuations due to precious metal price
fluctuations?
Hi All
I recently sent a small consignment of slabs and finished cabs to
Zuni N.M.
I know its like taking coals to Newcastle, but My partner was going
there.
He is Zuni and goes there often. I needed to purchase some silver
scrap to melt, pour and roll for fabrication. I save money doing
this.
Well the price offered for turquoise was significantly lower than
usual.
Turquoise is largely a byproduct of copper mining and the price of
all metals is up, and copper mining is up. So the production of
turquoise is up, but with the price of silver and gold being up due
partly to speculation, general jewelry sales seems slow and the
resulting prices are down.
With turquoise production up, but demand down, the prices being
offered for turquoise are down. (my opinion).
Your opinions on turquoise specifically and gemstones in general
would be welcome.
If the turquoise will not sell at a fair price, I intend to take it
back, and use it in jewelry of non Native American traditional style
using lighter gage silver and copper / silver mixed metal
fabrication.
The jewelry of non Native American traditional style using lighter
gage silver and copper / silver mixed metal fabrication will have no
claims of ethnic origins attached.
I do not pass off my own work as being American Indian made. It’s
unethical.
I would not get scalped, but spoken to harshly.
The Indians may have originated scalping, but practiced it to
receive the bounty paid by the British and French in North America.
America as a colony and as an independent nation practiced its own
varieties of “ETHNIC CLENSING” by continuing to offer bounties
ROBB