The potential market for Colombian emerald
If there was a gem whose mining operation brought with it hundreds of profits to the country and the mining population it would undoubtedly be the Colombian emerald. And it is for no one to any secret that this green stone of great value in the national market has increasingly opened up to markets in the most unimaginable corners of the world.
There are millions of foreign buyers and thousands of jewelry stores worldwide, which have made the Colombian natural emerald a high-quality export product with great sales potential in the world-wide gemstone market.
For this reason, we have created this article to illustrate a little bit about the Colombian emerald market worldwide, and what is the great potential that some mining-known institutions have found.
Who are the main buyers of Colombian emeralds?
Some of the main countries buyers of Colombian emeralds worldwide are the United States, India, Thailand, France, the United Kingdom, Switzerland, Germany, Japan and China.
These countries are important centers of the jewelry industry and have a high demand for high quality gems such as Colombian emeralds.
In addition to the beauty and quality of Colombian emeralds, there are several factors that make other countries interested in them. One of them is Colombia's reputation as one of the world's leading emerald producers, which makes Colombian stones highly valued in the international market.
It is also important to mention that the extraction of emeralds in Colombia is done responsibly and sustainably, which is valued by countries that seek to promote ethical and sustainable practices in the jewelry industry.
How does the Colombian emerald develop in the international market?
The Colombian Emerald has developed in the international market as one of the most valued precious stones due to its unique quality and color. Colombia is the world's leading emerald producer and has worked to improve quality and transparency in the supply chain, which has increased the confidence of international buyers.
In addition, the promotion of Colombian emerald at fairs and exhibitions has also contributed to its growing popularity in the global market, being one of the most popular precious gems in countries that actually also produce emeralds.
The potential of Colombian emerald in the world
The potential of the Colombian emerald in the world is high due to its quality and valuation in the international market. Colombia is the world's leading emerald producer and demand for these precious stones is expected to continue to grow.
In 2020, 1,603,224 carats of this precious stone were produced and exported, as well as 3,317,799 carats of other qualities, production that is expected to increase with the investments that have been making for some years new players in the sector, which include Colombian and foreign companies.
In fact, with the aim of strengthening and expanding the market, the National Mining Agency (ANM) carried out nine business wheels during 2021, of which 4 included emerald mining projects.
Business wheels are part of the ANM's promotion strategy, which aims to open up market opportunities for the sector and attract investment or potential buyers of minerals to mining projects in the country
