How Widespread is Fraud in the Gem World?
Most cut gems found for sale have been treated in some way. This is common practice. However, the gem industry often doesn’t share that information with consumers. If revealed up front and prices adjusted, treatments shouldn’t pose a problem for gem buyers. If not disclosed, however, there is a problem.
Depending on the gemstone type, 80% or more of the cut stones on the market are synthetic but sold as natural. These include amethyst, citrine, morganite, emerald, aquamarine, sapphire, and, especially, ruby, just to name a few of the most popular.
Advice For Gem Buyers
Since trade groups and “watch dogs” seldom enforce regulations, gem buyers must take a “buyer beware” approach. If you’re buying gemstones, follow these two recommendations:
- Always deal with honest, experienced gem dealers with good reputations.
- Looks for gem dealers who actually cut stones.
Unfortunately, finding “honest” and “experienced” in the gem trade these days is difficult. Seek out references, business records, and reviews for gem dealers. Personally, I admit I’m biased and prefer working with reputable gem dealers in the United States. Here, you have more disclosure, safeguards, and ways to resolve problems. However, you’ll…