[Jewelry making - Article 01101] - [Orchid] Gemstone rarity and price

[Steve Green]

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>         Rarity IS the supply part of the supply  and demand equation. 

    Dear Dale, I appreciate your view, and I used to share it. However I
    came to realize that rarity means nothing if few buyers want it. The
    flip side of this is: very common items, in high demand often sell
    for very high prices. In the second case the material is not rare,
    and the demand is very strong. 

    Two cases in point: 

    Taaffeite  - a very rare, hard, beautiful gem that very few know of,
    or care about. It should sell for a "million bucks" a carat based on
    rarity. 

    Pyrite and Amethyst - in the mineral world these are very common
    minerals. Beautiful specimens of these, no matter how many come onto
    the market, go for high prices and always sell-out. 

Regards,  Steve


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