Emeralds: Sales grow 300%

USA. USA, Canada, Peru, Poland, United Kingdom, China and Japan, countries that buy the most.

The Colombian emerald market in the world is at its best quarter of an hour. The reason, in the first six months of the year, exports of these precious stones grew by 300% compared to the same period in 2020.

The increase in the production of gems, as well as the outflow of stocks that were left unmarketed last year, due to the pandemic, have allowed precious stones to be the best sellers in international markets.

“The output of all the stocks of dammed gems from the 2020 production went abroad thanks to the reactivation of the international market, and that were added to the stones that have been extracted between January and June of this year,” said Oscar Baquero, president of Fedesmeraldas.

Although in the first six months of last year the production of emeralds was not suspended due to the health emergency, its commercialization was, which led to a contraction in exports.Data from Fedesmeraldas indicate that in the first half of 2021, they were sold abroad in gems US $50.4 million, compared to the US $18 million reported between January and June 2020, a period in which April is striking, a month in which not a single gem was exported abroad.Likewise, and despite the output of the remnants and production, what is marketed between January and June of this year is US $20 million lower than what was sold abroad in the first half of 2019.The growth of buyers in the international market has also been another of the variables in the increase in exports. Thus, the United States, Canada, Peru, Poland, the United Kingdom, China and Japan are the countries that demand the most for national gems.Colombia is the largest producer of high-quality emeralds in the world. Thanks to its hydrothermal sedimentary origin, it provides unique characteristics such as brightness, transparency, color, play of light and optimal hardness, which make them the most desirable in the markets of the United States, Europe and Asia.