Gem Pricing Advice for Faceters
Gem pricing isn't easy, and guidelines aren't always fixed. Learn what factors gem cutters should consider to determine a fair price for their work.
4 Minute Read
Price the Cut Stones at Gem Shows
Try to attend some of the major gem shows throughout the year. The Tucson show, held every February, is one of the best. Las Vegas in June is another good place and time, with the JCK, AGTA, and GLDA gem shows.
In addition to the other things you’ll do, like looking for gem rough and talking to friends, go shopping for cut goods. Price everything you can find — commercial, custom, and anything else that looks interesting. Look for color, clarity, and quality and get a sense of availability and supply (they’re different). Try to spot any trends.
Frankly, this takes a fair bit of work, but at least you’re looking at lots of beautiful stones.
Look for Pricing Trends
Keep track of what you’ve seen and their prices. When you get home, look through your notes carefully. Generally, as you look through the data, pricing trends will begin to emerge. This holds true especially for better quality, larger stones (1½ carats and up, usually).
This process isn’t perfect. However, it will give you a pretty decent handle on wholesale prices. Now, you have a basis for pricing your cutting. (Don’t…
International Gem Society
Does Homeowners Insurance Cover Gems and Jewelry?
Managing Your Time Horizon for Gem Buying and Selling
Selling Stones to Jewelers
Exposing Diamond Overgrading at EGL Labs
Evaluating Market Risk for Gemstones
The Dichroscope: A Faceter’s Guide
Millerite Value, Price, and Jewelry Information
Never Stop Learning
When you join the IGS community, you get trusted diamond & gemstone information when you need it.
Get Gemology Insights
Get started with the International Gem Society’s free guide to gemstone identification. Join our weekly newsletter & get a free copy of the Gem ID Checklist!