Tanzanites steal the spotlight with their rich blue colour and versatile allure, gaining popularity as an appealing alternative to precious stones like sapphires
Zambian emeralds experience a fiery demand, witnessing a remarkable 40% price surge after the COVID-19 pandemic
Pink morganites captivate buyers as they resemble pink diamonds
Large tourmalines also witness strong demand
Cutting-edge cuts like octagons, pears, and cushion cuts make a mark in the gemstone industry
Demand for colour gemstone layouts soars
Tanzanites take the Spotlight
Tanzanites, renowned for its rich blue colour and exquisite lustre, emerged as a star attraction at IIJS. The gemstone's versatility and allure captivated jewellery enthusiasts, leading to a rise in demand for bridal jewellery. “With precious stones like sapphires becoming rare and costly, consumers embrace tanzanite as an appealing alternative due to its vibrant and lively hues. The preference for luxurious tanzanite jewellery witnesses a surge, especially in ready layouts such as 11-piece necklace sets with dangling earrings, making it a standout choice for special occasions,” said Rohan Daga of Fine Color Gems.
Zambian Emeralds: A Fiery Green Craze
Zambian emeralds, set ablaze at IIJS, experiencing an unprecedented demand. The allure of emeralds, coupled with a surge in celebrity endorsements featuring emerald jewellery, propelled its status to new heights. “After the impact of the COVID-19 pandemic, the prices of Zambian emeralds skyrocketed, increasing by over 40% due to an upsurge in demand,” observes Daga. The gemstone's enigmatic green hue and rarity captivates jewellery enthusiasts, leading to a shift in consumer preferences. No longer restricted to diamond and gold jewellery, consumers now prefer colour stones, with emeralds becoming a prominent highlight in their jewellery choices. Larger gemstones, ranging from 50 to 100 carats, is gaining popularity as jewellery pieces, further accentuating the trend of using vibrant colour stones in statement pieces.
Passion for Pink Morganites
Pink fluorescent morganites from Nigeria emerged as a noteworthy trend at IIJS. “Their alluring charm and vibrant pink hues resonated with buyers, leading to significant sales. Moreover, the resemblance of pink morganites to pink diamonds adds to their popularity among consumers seeking exquisite alternatives. Large tourmalines also witnessed strong demand, capturing attention with their captivating colours and unique appeal,” said Nirmal Bardiya of RMC Gems.
Cutting-edge Cuts: Octagons, Pears, and Cushion Cuts
In terms of cuts, gemstones featuring octagons, pears, and cushion cuts garnered considerable attention and appreciation. “These cuts brings a fresh perspective to the traditional gemstones, infusing modernity and sophistication into the designs. Buyers gravitate towards the striking beauty of these cuts, making them a prominent choice for contemporary and stylish jewellery pieces,” added Bardiya.
IIJS proved to be a testament to the increasing appeal of colour gemstones in the Indian market. The rise of tanzanite as a popular choice for bridal and luxury jewellery, the robust demand for Zambian emeralds, morganites and large tourmalines demonstrate the evolving preferences of consumers. With a vibrant array of colour gemstones and cutting-edge designs on display, IIJS reaffirms its position as a driving force in propelling the growth and innovation of the colour gemstone industry in India.