JNA Show Daily, June 22, 2017

Brazilian mine-to-market emerald specialist Belmont is unveiling one of the rarest emeralds at the 30th edition of the June Hong Kong Jewellery & Gem Fair.

According to Belmont Mine Director Marcelo Ribeiro, the prized gem is a 49.58-carat cat’s-eye emerald “with a very sharp eye.” The stone is vivid green in colour and contains almost no inclusions, he added.

“It is one of the rarest emeralds in the show,” Ribeiro said, noting that his company is showcasing an “amazing collection” at the fair.

In an earlier interview, the company official said Belmont accounts for over 80 percent of the world’s production of cat’s-eye emeralds. “Cat’s-eye emerald is one of the rarest gemstones in the world. Gemstone quality is usually graded according to the 4Cs. The value and quality of a cat’s eye are based on a fifth ‘C’ – chatoyancy, which creates the cat’s-eye effect,” Ribeiro said.

Asked if he were seeing solid demand and firm pricing for emeralds, the gemstone expert said demand for emeralds has been robust and growing steadily in the last two years.

“Prices are stable and the market is very healthy,” Ribeiro said. “We are very optimistic about the demand outlook for emeralds. Emeralds are the ‘new diamonds.’ Emerald has a name that sells since it is recognised worldwide for its rarity and beauty.”

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