Coat of Arms of Tanzania (Photo: WikimediaPublic Domain)
Looks like Saniniu Laizer, an independent miner in Tanzania has the luck of the Tanzanians, after finding, for a third time, a discovery of two violet-blue tanzanite gemstones, which are some of the world’s rarest gems.
These stones are said to be the largest ever found in the country and this discovery made 52-year-old Saniniu a self-made millionaire. He sold 33 pounds of stones to the Tanzania government for a whopping 7.74 billion Tanzanian shillings ($3.4 million U.S. dollars).
Laizer is not employed by any organization or company. Like others, he mines on his own by hand, but if this gemstone find was not enough, he went back to make another discovery, grabbing a 14-pound gemstone valued at $2 million.
Surface Mining (CC)
Mining makes up more than 50% of Tanzania’s exports with gold the primary mineral. Saniniu’s mining is considered legal, although there are Illegal mining techniques as well as corruption in this country and it is a big problem for the government.
In 2019, Tanzania set up trading centers to allow miners to sell their gems to the government. Many reportedly mine by hand, like Saniniu without any affiliation to any mining companies. This also encourages other small scale miners to work.
So What is Laizer Going to Do with His Fortune?
Farmers in Igunga,_Tanzania (Wikipedia)
“There will be a big party tomorrow” he said. “I want to build a shopping mall. Laizer also mentioned that he will slaughter one of his 2,000 cows for his party, according to the BBC.
Tanzania is a poor country located in East Africa and despite its mining production of gold, it still remains one of the most impoverished countries in the world. About 36 percent of the population lives below the poverty line and although they have a structured educational system, the attendance rate is poor.
There is a lack of trained teachers, a lack of student motivation from students to attend, most probably due to the lack of esteem due to the low poverty level; subsequently, there is a large drop out rate. Poor nutrition is also a big problem. No doubt this also adds to the overall impoverishment of the country.
Saniniu Laizern is a bright spot in these areas of low morale, so it’s not surprising to hear that he wants to build a school and healthcare facility in his community. “I want to build this school near my home. There are many poor people around here who can’t afford to take their children to school.”
Additionally, he said: “I am not educated but I like things [sic] run in a professional way.” And he said that he would like his children to manage his business. This should not be a major problem for Saniniu, since it has been reported that he has four wives and over 30 children.
Jewelry is cherished for its unique beauty and is special for the value it may hold for the owner. When it comes to gemstone jewelry, the love and appreciation for the accessory doubles. After all, it’s more precious and beautiful. If you take good care of your jewelry, you can increase its value and pass it on as a treasurable heirloom for generations to come. Here’s a proper guide on how you can look after your gemstone jewelry.
Know Your Gem First
Before you deep dive into cleaning your gemstones, it’s important to first identify them. This is important because different gemstones have different physical properties and they may react differently to chemicals. For instance, some gems are sensitive to heat, while others may weaken because of harsh chemicals. Therefore, you must know what you’re dealing with before you begin your cleaning process.
While many online guides can help you identify your gem, the best would be to take it to a professional jeweler, a reliable gemologist or a geologist. Apart from identifying your stone, they can also notify you of any physical quirks and corresponding cleaning tools you will need.
Clean with a Soft Toothbrush
The best kind of brush to clean your gemstones is with a soft or extra-soft toothbrush. Avoid using a hard or firm brush as it can damage the stone. Use a clean toothbrush and be gentle while coursing it on your stone. Extra care needs to be taken when cleaning sensitive gems such as amber or pearl.
Use Mild Detergent
Most store-bought jewelry cleaners are safe because they are made from mild chemicals. The first step is to mix warm water with a mild detergent cleaning solution and soak your jewelry in it for 2 -3 minutes. Next, using a soft brush, scrub your jewelry gently. You can also use a clean toothpick or shaved matchstick to pick out accumulated dirt if any. But make sure to perform this step patiently.
Once you’re past this stage, dip the accessory back into the prepared solution. Lastly, rinse off in warm water, ensuring the temperature is the same as the solution. Once finished, shake off the excess liquid and polish it with a gentle, lint-free cloth. To avoid any liquid stain on your gems, plunge them on a surface full of maple wood chips for a few minutes. Afterward, remove all the chips away.
Handle with a Lot of Care
Be gentle and careful when putting on your jewelry. Never put pressure directly on them. Don’t push or pull them harshly as doing so may weaken the fastenings and lead to breaking or losing of stones. You should rather push rings by holding its sides or fasten bracelets or necklaces using the band, making sure the area where stones are fixed face upward.
Follow the Etiquette of Wearing Jewelry
Jewelry is often the most regular part of one’s attire. If that’s your case, you should wear your accessories responsibly to maintain their beauty for long. Always follow the golden rule of putting on your jewelry last (after your clothes, hair and makeup) but taking it off first. Do this, and you will lessen the chance of ruining your gems. Avoid wearing jewelry or take it off before engaging in any strenuous task such as cooking, exercising, gardening, etc.
Protect Your Jewelry from Extreme Heat and Light
Like many other items, heat can damage certain gemstones. Therefore, it’s best to keep them away from direct sun. For example, avoid placing your jewelry pieces made specifically from opal near the windowsill, where excessive heat can damage the appearance of the minerals.
A prompt change in weather conditions can also make certain stones or metals crack. Considering this, you should always tuck away your jewelry pieces in a safe box.
Regular Inspections
Regular care and maintenance are crucial for the long-lasting shine and beauty of your gemstones. It’s often suggested to get your precious gems examined by a qualified gemologist every few months. They can inspect your stones or metals for wear and tear and upon any damage that they find, they usually can fix it right away.
Consider Polishing
Keeping your gemstones stored for long can turn them dull and dreary. To restore their luster, polish them with a soft chamois. Try doing this daily to protect your gemstone jewelry from aging.
Store Carefully
The worst thing you can do to your jewelry pieces is tossing them away in your drawer or dressing table. To keep your expensive jewelry safe and sound, you should always store them in a sterilized bag or box. Make it a habit of putting your stones in a proper jewelry box once you take them off.
Take Your Jewelry Off Before You Go to Sleep
Just like you’re not supposed to go to bed with makeup on, you should not sleep wearing your gemstone jewelry either. Your jewelry may get tangled into your hair strands or get twisted with your bedsheet strings.
Gemstone jewelry can be a hefty (but beautiful) investment. And there’s no reason why you shouldn’t buy them if you can afford it. It will ultimately elevate your class and style. However, to ensure you can enjoy your gemstones forever, make sure to take excellent care of them by following the guidelines mentioned above!
If you’ve ever had an opportunity to see a gemstone in its raw form, you probably wouldn’t be able to guess how valuable they can be once refined. Gemstones don’t form just like that; it takes thousands to millions of years. It’s their rarity and the tough process of extraction that makes them such a valuable commodity!
While most people are fond of gemstone jewelry, gem collectors are more interested in knowing where they come from. If you’re among the latter, you may be interested to know how the breathtakingly-beautiful ruby gets formed or how the sparkling sapphire came into existence. If so, you’ve come to the right place. This blog post summarizes the million-year process of gem formation. Let’s hop into the topic without any further delay.
The Origin of Gemstones
Simply put, gemstones come from rocks. Rocks are made from an assortment of different minerals. The most common minerals that are most abundant in rocks include silicates like mica, olivine, quartz, emeralds, oxides, carbonates, halides and sulfides. Many minerals come together to form beautiful and unique crystals and out of these crystals, gemstones are the most valuable. Gems look quite ordinary in their raw, uncut form, but once they are extracted, cut and polished, the luster and brilliance are just incomparable!
How Are Gemstones Formed?
Most gemstones are formed inside the earth’s crust, which is the top-most layer. They’re usually created at a depth of 3-25 miles. However, some gemstones from deeper down in the mantle. These include peridot and diamonds. The mantle mostly consists of magma, which is molten rock.
Since most of the gemstones form in the earth’s crust, let’s look at the crust a bit in detail. The crust comprises three different kinds of rocks; igneous rocks, metamorphic rocks and sedimentary rocks. They differ in the way they’re formed. Some gemstone varieties may be formed from any one type of rock, while others may be associated with multiple rock types.
Igneous Gemstones
The igneous rocks are formed by the solidification of magma that rises to the crust from the mantle through volcanic pipes. Once it reaches the surface, it’s exposed to a contrastingly lower temperature, and as a result, it solidifies. However, if the process of solidification is slow and gradual, it can crystallize to form minerals. Some of the gemstones that are formed through the igneous process include quartz (ametrine, amethyst, etc.), garnet, apatite, moonstone, aquamarine, topaz, tourmaline and zircon.
Sedimentary Gemstones
After the igneous rocks reach the earth’s surface, they’re exposed to weathering and erosion, causing them to deteriorate into smaller particles. These smaller particles are moved by water and wind and with time, the layers of these smaller sediments build up underwater or on land. As the sedimentation continues, the pressure by the upper layers results in the layers below to become compressed and compact. They also undergo numerous physical and chemical changes that eventually lead to the formation of sedimentary rocks. Gem formation that occurs through sedimentation results in the formation of sedimentary gemstones that include opal, jasper and malachite.
Metamorphic Gemstones
Some processes put the minerals of igneous rocks and sedimentary rocks under immense pressure and heat that brings about a change in their structure and chemistry. These processes include contact metamorphism and regional metamorphism. As a result of excessive heat and pressure, igneous and sedimentary rocks are converted into metamorphic rock. The gemstones that are formed as a result of metamorphosis include turquoise, ruby, jade, zircon, sapphire, etc.
The rocks are constantly changing. And all of this doesn’t occur overnight. It takes millions of years. It took your favorite ruby that you so fondly wear around your neck at least several thousands of years to be what it is today.
What Makes Gemstones So Precious?
Gemstones aren’t waiting on the earth’s surface where you can pick them up like you pluck a flower or a seashell. They’re embedded in rocks, such that you can’t even tell if a particular piece of rock has gems in it. They are difficult to locate and extract. As the saying goes – best things don’t come easy and that sits fit in the case of gemstones!
Even after gemstones are extracted from the rocks, it takes a lot of effort to bring them into a shape that is lustrous and attractive. You wouldn’t want to wear a pendant with an unrefined piece of rock around your neck, would you? It’s the shine, color and luster that make gemstones so highly attractive.
Gem formation takes millions of years. Assuming that all the gemstones present today are extracted from the earth, we won’t have any new supply of gems for the next thousands of years. The million-year process of gemstone formation is one of the reasons why gemstones are so precious.
All minerals are precious, some more than others. The value of gems depends on how common or rare they are. The more widely a gemstone is available, the less expensive it’ll be. They’re divided into different categories; precious, semi-precious and organic. Precious gemstones include ruby, sapphire, diamond, and emerald. Semi-precious gemstones include opal, topaz, jade, and others. Organic ones include pearl, coral, and amber.
Closing Word
Now you know where gems come from – they come from rocks! The type and quality of a mineral depend on the type of rock it comes from. While all gems are precious, the varying mineral composition gives them a characteristic color and appearance.
Gemstones are widely used in jewelry. A lot of people are involved in gem trading. And many people simply love to collect them. Knowing that a gemstone goes through multiple stresses over tens and thousands of years before taking the form we see today, there is no doubt that people consider them as highly precious assets!
Why is it that you can’t look at the sun for more than 1/2 second? What would happen to you? No doubt you will need a trip to the optometrist or worse, you may go blind!
So, what is it that causes this object that is 93 million miles from Earth so powerful? Simply speaking, the sun is a star, and just like any star, they are extremely large in comparison to planets and carry the equivalent of millions of atomic bombs that ‘explode’ every second.
Learning how planet sizes compare to each other, then how the different stars compare to each other is a worthwhile journey and one that fascinates many. Once you read this article, you may find it inconceivable to try to comprehend the size of our universe. In one word – Mind-boggling.
Planets are a mere spec in our galaxy. In the first illustration below, we compare the eight planets in our solar system. From the left, we have Saturn and Jupiter. Middle, we have Uranus and Neptune. The front row is Mercury, Venus, Mars, and Earth. Note how Jupiter can engulf Earth by about 50 times.
In our next image, we move closer inward and look at the inner solar system. There is an error in the image below. Can you find it?
Pluto does not belong here for two reasons. (1) It is not part of the inner solar system and (2) it is not considered a planet anymore.
Comparing the Sun to the Planets
This image shows the planets compared to our sun. The Earth here is now hardly visible. Even Jupiter is the size of a pea compared to the sun. If the sun was a basketball, then Jupiter would be a pea.
Think the sun is big! Think again. The image below compares the sun to the star giant Arcturus, which is 37.5 light-years from Earth and is larger than the entire orbit of Mercury. Read more about Arcturus here. Another basketball to pea scenario.
Comparing Other Stars to Each Other
If these sizes don’t fascinate you, take a look at the next illustration, showing Arcturus paired with the star giants Betelgeuse and Antares. Forget about trying to see any of our planets here, as the sun is a mere pixel on the screen. That would equate to a grain of sand against a basketball (Antares). See our summary below.
We hope these comparisons give you a better appreciation and respect for the galaxy and the universe.
Summary:
We started with a comparison of Earth to the four inner planets in the solar system. Earth appears the largest. Then Earth and the inner four planets are compared to the outer planets and Earth now appears like a pea to a basketball (Jupiter).
Next, all the planets in our solar system are compared to our Sun, a medium-sized star in the Milky Way galaxy. Continuing to use the pea as our example as Earth and the basketball as Jupiter, the sun would be the size of a 10-story building. Putting a pea and a basketball next to this building, well you can start to appreciate the immense sizes of the objects in space, but we haven’t even scratched the surface yet.
The image below is an estimated comparison between planet Mars’s orbit superimposed on the giant star Antares. Notice how Antares engulfs its orbit with room to spare. Earth would not be visible here, nor would Jupiter.
One could only imagine the immense gravitational pull this star would have on any objects coming close to it. Future black hole?
Well, we don’t stop here. The largest known star is UY Scuti, located in the constellation Scutum, it is 1700 times larger than the Sun.
With stars this big, one can only imagine the great gravitational pull they will have on other objects in their neighborhood, and in so doing, we can begin to understand how black holes can be formed.
How old do you think the Earth is? Never mind, we’ll tell you. It’s almost 4.54 billion years old!
Let that sink in. The planet may be old but it has all the ingredients to make your jaws drop and eyes pop! How else would you describe the mighty volcanoes, drifting plates, oceanic abysses, and meteor crashes?
Even with geologists and scientists constantly being on the hunt for new discoveries, there is so much about the planet that is yet to be discovered. In this post, we will give you the smallest gems from our planet’s treasure trove.
And the Rocks Walk
Don’t believe us? Take a trip down to the Death Valley. There at the Racetrack Playa (a pancake-flat lakebed) and the rocks walk. In times when there are storms, there are instances where rocks weighing tens and hundreds of pounds can move down a distance. When there’s no storm, there’s a nice wind that gives the rocks the kick start they need.
Where’s the Longest Chain of Mountains
Mountains in Central Colorado
If you’re thinking it’s the Andes, you’re wrong. To locate the largest range of mountains on the planet, you’d have to take a swim into the ocean. The Mid-Ocean Range stretches across a distance of 65,000 km on the seabed. Compare the Andes’ 7,000 km stretch to that!
This chain of volcanic mountains maintains an average height of 18,000 feet above the sea bed. But here’s the most fascinating fact: This mountain range is not stopping! As volcanoes erupt, they create sufficient crust to add more underwater mountains to the already global mountain range.
Ever Heard of the Exploding Lakes?
They do exist! The kivu, Nyos and Monoun Lakes in Cameroon and on the Congo-Rwanda border actually explode. These deadly crater lakes are situated above volcanic Earth. The magma beneath the releases gusts of carbon dioxide into the lake water. This creates a deep layer rich in carbon dioxide right above the lake beds. This carbon dioxide at times explodes, and is fatal enough to suffocate a passerby to death.
No we’re not talking about the Yetis or the Bigfoot! The next things that come to mind when we think about giant life are elephants and whales. But could you think of a tree being larger than these creatures? The General Sherman is a giant sequoia that stands at 311 feet tall (A blue whale roughly grows to a 105 feet long) with the largest known stem volume on Earth. The General Sherman’s trunk measures a tad bit more than 52,500 cubic feet. That is colossal!
Did you know that there are actually spots on Earth where no precipitation has been recorded – EVER!
The center of the Atacama Desert in Peru and Chile has seen no rain whatsoever. It is known as the driest place on the planet. That’s not all. The orb we inhabit is constantly evolving, there’s always a new surprise about the Earth popping up every now and then. Take the time to imagine the extent of things we’re yet to discover about the fascinating planet we live in!
How do you calculate your age? You simply subtract your birth year and the current year. But when it comes to determining the age of the sprawling sphere which we call home, Earth, it becomes a bit trickier. Let’s explore what science has to say about the age of the Earth.
The planet’s age couldn’t be guessed by anyone before the process of radiometric dating came into play. In 1898, the pioneer of radiology, Marie Curie discovered the phenomenon of radioactivity. The atoms either decay or lose energy by emitting radiation in the form of electromagnetic waves or particles. Later, in the year 1904, Ernest Rutherford, the famous physicist determined how this decay could let them explore the age of old rocks.
With this exploration, Arthur Homes, who was completing his geology degree in London, acted as a helping hand by developing a new technique of dating rocks using the uranium-lead method. He applied this technique to the oldest rock and got to know its age. Applying a similar technique to calculate the age of the Earth made him reach the conclusion that the Earth was at least 1.6 billion years old.
But wait, this is not the actual age of the Earth! Earth’s age has always been hotly debated among scientists over the years. That is why several revisions have been made. Later, in the 1920s, an unknown scientist declared that Earth’s age was approximately 3 billion years. This suggested that the Earth was even older than the universe, which itself was thought to be 1.8 billion years old.
Later, the scientists declared that radiometric dating of the fragments from the Canyon Diablo iron meteorite was the best estimate for calculating the age of the Earth. From those fragments, they got to know that the true age of Earth was 4.56 billion years.
Since then, scientists have been using radiometric dating to determine the age of extraterrestrial objects such as Earth, meteorites, space rocks and moon rocks. For many years, scientists have tried to determine the exact age and now that they have discovered its age using the radiometric dating, they are using it for several other space objects as well.
You purchase a beautiful emerald for your mineral collection but forgot to maintain it properly. One year later, you find it in your drawer with much of its luster lost. Why? In our recent blog, we discussed guidelines for investing in gemstones. Now, let’s take a look at how to care for your investment. You need to be aware of the dos and don’ts regarding the maintenance of gems. One wrong move and they can lose their shine (and value) for life.
Gem Maintenance Overview
In addition to a mineral’s rarity and alluring beauty, they are prized for their durability. In fact, their natural toughness is one of the main reasons why gemstone collections have become such a popular mode of investment today. However, you would be wrong to think that given their literal rock-strong build, these ornate stones don’t require any maintenance.
Whether you plan to sell them down the line or not, it’s essential to know how to care for them. Improper storage and negligence in cleaning these minerals regularly or with the wrong substance are rookie mistakes many gem collectors make. This can have an adverse effect on the beauty and brilliance of these stones. This, in turn, can greatly reduce their total worth and hence, any potential profits you can make by selling them.
Here are some important tips on how to look after your gemstones and maintain their exquisite beauty.
Cleaning Your Gems
It doesn’t matter whether they are tucked away safely in a box or displayed openly on your shelf. Gemstones need to be cleaned periodically. Cleaning is quite easy and should only take a couple of minutes.
Generally, all you need to do is rinse them with lukewarm water. This washes off the dirt and dust that may have settled on the surface. In some cases, you might need to add a bit of soap or other mild detergent to remove hard stains.
If you have just mined a piece from a public gemstone dig site, you will need to clean it more thoroughly to get rid of all the soil and grime.
Depending on the size and texture of the stone, a small cleaning brush with soft or medium-hard bristles would suffice. Most of the time, a toothbrush or paintbrush works well, so grab one and gently scrub.
Clean it in a slow, circular motion. Avoid scrubbing too harshly as it can scratch the stone.
For very small-sized gems that are hard to clean with a brush, dip them in a bowl of soapy water. Then rub each piece gently between the tips of your fingers to remove the dirt stuck to it.
Once clean, immediately dry the stones using a soft, lint-free cloth.
Pro tip: Never wash your gemstones directly in the sink as you risk losing them easily.
Cleaning Specific Gemstones
“Diamond” by nikilok is licensed under CC BY 2.0
The above method of cleaning is generally safe for most rock minerals and crystals such as emerald, jade, granite, amethyst, corundum and others that are similar in chemical composition.
However, you should try to research about the nature of each gem in your collection. This is because some of these tend to be of quite a sensitive nature. Cleaning your minerals too frequently or with water that isn’t at the right temperature can dull their luster permanently.
For example, turquoiseand amber have a relatively lower resistance than most gemstones. Using detergents or warm water to clean them can result in a change in color due to chemical reactions.
Here are some important considerations for some of the common minerals that require extra care to handle:
Peridot – Peridot is quite soft compared to an average gemstone. Avoid putting too much stress otherwise it may crack.
Turquoise – Store it in an airtight box or plastic bag as moisture from the air can stain its surface over time
Garnet – Garnet is heat sensitive so avoid prolonged exposure to warm water
Pearls – Wash them with plain lukewarm water. Dipping them into chemical solutions can discolor the outer layer
Aquamarine – Keep in a soft pure cotton cloth after cleaning as aquamarine is prone to scratches.
Opal – Do not wash it with warm water as it is extremely sensitive to heat. Wrap in a soft fabric before storing it.
Sapphire – Keep it away from stones like diamond and ruby as their hard edges can scrape its soft surface
Diamonds – Being the hardest of all gemstones, they bear heat and pressure well. Mechanical cleaning is often the go-to method for restoring their shine. However, always hand clean it properly first to avoid scratching during the mechanical cleaning process.
Using an Ultrasonic Cleaner
Some expert level gem collectors like to use special equipment such as ultrasonic cleaners. These home kits are basically made for cleaning crystal and stone-embedded jewelry. Most of them have a steam and boiling system to take your gems from dull to dazzling in no time.
It is quite an efficient and effective way to maintain a large assortment of gemstones in prime condition. But it is usually not recommended for beginners.
The heat and concentrated chemical solutions used in these cleaners can damage your stones if there is a slight oversight on your part. Plus, it is not suitable for all types of stones. If you want to use such advanced methods to restore the shine, it’s better to leave it to the professionals.
Take your collection to a jeweler and they can clean it for you.
How to Store Gemstones
Opal sterling silver bracelet hand made in Belize
When it comes to storing your gemstones, just remember this one cardinal rule: keep them away from heat and sunlight at all costs.
Heat and light, especially ultraviolet rays in sunlight can have an adverse effect on the color and durability of these minerals.
Stones like amethyst and quartz can become dull and tarnished if kept under direct sunlight. Storing your gems in a high temperature environment can also dry up their natural moisture.
Also, remember to always wash your hands thoroughly before touching any gemstones. Chemicals from hand moisturizers, perfumes or even the natural salts and other compounds in our sweat can be damaging for their natural glitz.
End Note
Building a gemstone collection is fun and exciting. But you must remember that although mineral rocks have high resistance, they are not indestructible altogether. To maintain their beauty, you need to store them properly and clean them periodically.
Follow these tips on how to care for gemstones and rest assured they will retain their shine and luster for years to come.
Gemstones have always been a valuable commodity and there is no reason why they won’t continue to be so in the future. If you’ve got your hands on the right stones, similar to gold, their price will rise even when the economy is falling in shambles. If you’re planning to invest your money in something valuable, gemstones might be a good place to be, because there will always be people who’re willing to purchase them!
One common misconception is that only people who have a lot of money can purchase them and take advantage of the excellent returns they’re known to be associated with. However, the truth is that you don’t have to have deep pockets to step into the world of gemstones. Anybody can invest in minerals, provided that they have enough knowledge, time and patience. Gems might not change your financial portfolio overnight, but your patience may pay off.
While investing in gems is definitely worth it, the greater benefit comes to those who follow a set of guidelines. This blog talks about some of the important things that you need to know.
How To Get Started Collecting Gemstones
Before you can start investing, you need to have clarity about the extent you want to be involved in. Depending on that, there are two ways you can do this.
Hands-On Approach
In the hands-on approach, you’ll be involved in the process yourself. You do everything yourself. You’re the investor who buys the gemstones and holds the asset, and it is you who sells them later and earns a profit. The good thing about being involved yourself is that you have maximum control over the amount of profit that you make and the gems that you deal in. However, the downside is having the hard asset in your ownership puts extra work and costs on your shoulders, including the cost of insurance.
Hands-Off Approach
You always have an option to invest in gemstones through a proxy. You can invest in stocks of a mining company and enjoy a share in the profit. In this type of approach, you don’t have to have the gemstone in your possession. It is the best option for people who do not have the time to buy, sell and look after the hard assets themselves. With the hands-off approach, you can even diversify your investment portfolio and invest in multiple gems in stocks and stock funds.
Top Rules for Making Most Out of Your Gemstone Investment
Like we mentioned above, following certain guidelines can increase your chances of making great profits. Like any other investment, you can’t expect returns if you don’t do the right things. Let’s have a look at the top rules that you must follow if you’re stepping in the world of gemstones.
Buy Right
The first and the most important rule when it comes to investing in gemstones is to buy them correctly. You don’t necessarily have to purchase the expensive, high-end minerals for maximum profits. You can earn significant profits from cheaper gemstones. The key is to buy the right ones. The cost basis of the gemstone you’re investing in should allow a built-in profit on the day you acquire it. You must secure a margin of safety. The largest factor that determines how good a profit you’ll generate is paying the right price. You should have ample knowledge of the minerals that you’re buying. You should have the basic knowledge of how to deal with them. The key here is simple – to buy the right gemstones, so make sure you do the necessary research.
Avoid Bad Buys at All Costs
You won’t be lucky all the time. The chances that you’ll end up with a bad buy are always there. Although the rule is to avoid bad buys at all costs, what is it that you should do in case you do end up buying the wrong gemstones?
If you end up buying the wrong gemstones, you shouldn’t hold on to it in hopes that it will give you a good return any time in the future. A bad buy today will be a bad buy, even after years. As a rule, the value of gems increases with the rate of inflation. Hence, a bad buy today might never turn into a good asset. Therefore, your priority should be to sell it off as soon as possible. Finding a buyer is always more difficult. However, if you hang in there, you might be able to sell it off at an inflated rate.
At times, a gemstone that is high in demand today may suffer a major hit in the future. A great buy may turn into a bad asset later. For example, back in the day, blue topaz was a highly rare and demanded gemstone. However, in the 1960s, a technique was introduced that could convert originally white topaz into blue ones. As a result, blue topazes became readily available, and there was a massive drop in its value. Therefore, when you’re investing in gemstones, you need to have enough knowledge that you can predict the future to some extent.
Find Your Own Buyers
Unless you own a gem-related business, you aren’t likely to get a retail price for your gemstones. You need to look for your own buyers, like jewelry dealers and auctioneers who’re most likely to pay a full wholesale price for the gemstones. How skilled you’re at selling makes a significant difference here. If you’re weak at selling, we suggest you not to invest in gemstones. Selling gemstones doesn’t come easy!
Consider Markup Before Investing
You might believe that higher-priced gemstones will give you greater returns, but you’ll be surprised to know that lower-priced gems have a higher markup as compared to the expensive ones. The markup is usually five times or more in the case of lower-priced gems. As with more expensive ones, the markup is usually three times the wholesale rate. Therefore, another important rule to keep in mind is to consider the markup before investing in any mineral.
Add Value
The price of a gemstone can drastically jump if you incorporate the right measures. Between a rough and cut gemstone, the cut will be more in demand. Similarly, a gemstone in finished jewelry will be more valuable between a loose gemstone and finished jewelry. Consider adding as much value to the deal as you possibly can to make the most out of your investment.
Closing Word
Investing in gemstones, like any investment requires you to do extensive research to make sure you’re choosing in the right ones. The right start will increase the chances of the tables turning in your favor. However, the wrong investment rarely gives any returns. Following the guidelines mentioned above will help you make the most out of your investment. Take your time studying before making an impulsive decision!
Eager to find a variety of real gemstones that can take the total worth of your collection to the next level?
Roll up your sleeves and hold on to your digging tools for you are in for a real adventure!
From sunstones and emerald to sapphire and even diamonds, there is a wide range of treasure hunting possibilities. Here, we have listed down some designated public dig sites that are considered the best spots for gem hunting in the US.
Emerald Hollow Mine, North Carolina
Emerald Hollow Mine is one of the most interesting geological locations in North America. While it is located in Hiddenite, North Carolina, it is anything but concealed from the public. In fact, this is the only emerald mine in the world that is open for public mining.
Here, you can not only hunt for gems but even turn them into a stunning piece of jewelry via the help of local artisans right there on site.
At the sluiceway, every visitor is given their own bucket of ore that comes down the line straight from Hiddenite’s emerald mine. However, gorgeous green gems are not the only thing you will find here.
The place is also rich in other natural stone formations including amethysts, aquamarine, topaz, and more. So, keep an eye out for them as well.
This gem hunting site also consists of a family campground along with a RV park with modern amenities.
All in all, Emerald Hollow Mine is a must-visit for every gem collector. However, if you wish to avoid crowds, consider visiting later during the day as this is often the destination of choice for local school field trips.
Jade Cove, California
If you are hunting for jade, the Big Sur mountain in California is the place to be. Although its rocky and rugged terrain is praised for its dramatic scenery, what makes it all the more attractive is the treasures hiding beneath it.
Beautiful Jade in Jewelry
Jade is one of the most precious gems in the world – and this place holds lots of it. Whether you dive in for a swim or take a stroll along the beach, you are sure to find some precious gems at Jade Cove located at the South corner of the Big Sur.
For the best results, try to visit this place during the winter season. This is because the rough undercurrent naturally brings many gemstones to the shore. Make sure to look between the boulders as well as in small piles of gravel along the coastline.
Keep in mind though that Jade Cove is part of the Monterey Bay National Marine Sanctuary. Therefore, compared to typical gemstones dig sites, this place has a relatively strict guideline for the do’s and don’ts of jade hunting.
Research and read them carefully before you book a trip to the Cove.
Crater of Diamonds State Park, Arkansas
A supplement to the Nashville News of nearby Nashville, Arkansas, advertising diamonds mining in the early 1900s (public domain)
Fancy taking a trip where you return with free (yet 100% real) diamonds rather than just some nice photos and your average run-of-the-mill souvenirs?
This aptly named place is basically a volcanic crater. Billions of years ago, it saw some serious volcanic activity which resulted in magnificent rock formations and crystallization of buried carbon. Today, it is a hotbed of diamonds hidden deep under the surface. But still, not so deep that an average person with no or little experience in mining won’t have a hard time finding some.
The Park features a total of 37 acres of plowed field. Visitors can dig right in for a variety of rocks, minerals, and gemstones.
Whatever you find is completely yours to keep. But you will have to really work for it because the park does not allow the use of battery-operated or motor-driven mining tools.
Nonetheless, a shiny diamond glistening in the soil makes every drop of sweat completely worth it.
Morefield Mine, Virginia
Morefield Mine is located in Amelia County on the outskirts of Richmond, Virginia. Not so long ago, the place was populated by military suppliers looking for minor metals and strategic minerals such as tantalum and mica, respectively.
After the end of World War II, the mine was bought by a private investor who turned it into a field for gem hunting.
Morefield Mine is rich in amazonite, but it is known to contain a total of over 80 different types of mineral rocks and gemstones.
The mine is around 2,000 feet long and is located more than 300 feet beneath the ground. The owners periodically open up new excavation sites by blasting the cave. So, visitors can rest assured that their trip will be quite fruitful.
Royal Peacock Opal Mine, Nevada
If you are more interested in collecting one-of-a-kind gemstones regardless of what their true value may be, a trip to the Royal Peacock Mine won’t disappoint.
Located in Virgin Valley in Nevada, this region is touted for its exceptionally large and unique black fire opals that are unlike any other found in the world. The place holds the record for one of the largest opals ever found. The ‘Gingko Log,’ as it came to be known, weighed around 130 pounds and measured almost 16 inches at its widest.
A black fire opal is generally not very expensive. But with extraordinary colorations featuring green, yellow, blue, orange, red, and even purple hues, it surely makes a fine addition to any gem collection.
End Note
There are many places to go gem hunting in the US. But the ones mentioned above are the most popular among avid collectors due to the high turnover. They are the top gem hunting hotspots where you most probably won’t be returning empty-handed from.
Geology isn’t limited to the study of rocks; it also encompasses the study of how these rocks change over time and often gives us clues about Earth’s history, and it provides geologists with information about plate tectonics, Earth’s climate over the years, and how life has evolved on Earth since its inception.
Geological wonders never cease to amaze people. From subtle geochemical changes to massive volcanoes, there is so much information that you can’t help but feel fascinated at the marvels of our home planet. To help you see what we mean, we’ve listed down some of the most fascinating geological facts that will leave you smitten! Let’s dive into them right away!
Potential Volcanoes
How many times have you watched movies where volcanoes erupt and cause mass destruction? And most of these movies are based upon facts. The Mount Vesuviusvolcano at Pompei is a perfect and riveting example. Well, what would you do if we tell you that there are as many as 18 volcanoes across the globe that can possibly erupt at ant time? What’s worse, all 18 of these potential eruptions are situated in Hawaii, Alaska and the West Coast of the United States!
Rubies and Sapphire Are the Same Minerals
Rubies and Sapphires are two of the most widely known and commonly used gemstones around the world. A ruby is known for its characteristic deep red color and sapphire for its breathtaking blue color. However, did you know that both Ruby and Sapphire are the same minerals? They are both made from the mineral corundum. Corundum has a basic chemical formula Al2O3. What makes the two gemstones different are the traces of other components. Ruby gets its characteristic red color from traces of iron, whereas Sapphire gets its blue color from traces of titanium or chromium.
Diamonds Come in a Variety Colors
Most diamonds are transparent; however, thanks to the movie Titanic, people are more aware that colored diamonds exist too. Although colored diamonds are extremely rare, you’ll be surprised to know that diamonds come in a variety of colors, including brown, blue, orange, yellow, green, purple, pink, red, milky-white, gray and even black. Of all the colors, red diamonds are the rarest and the most valuable!
Yellowstone is Not a Supervolcano
There’s been a lot of hype around the Yellowstone volcano. People speculate that it is a supervolcano that will erupt and destroy the whole of the U.S. If you’re one of the believers of that theory, we hate to break it to you that Yellowstone probably won’t erupt to that magnitude.
The quantity of magma beneath Yosemite is quite small at present. Even if it does erupt, which it is not likely to, it will not destroy America. The result will probably be some minor damage in its surrounding areas.
According to experts, the chances of Yellowstone erupting as a supervolcano in the next thousand years are as low as 0.00014%. You might have a better chance of winning the lottery.
Glaciers are Causing Earthquakes in Great Lakes Region
You might think that the fault lines on the west coast arethe only area where earthquakes can occur in the U.S., but they are quite common in the Great Lakes region, and this is because of the glaciers in the region. These earthquakes are a result of Earth’s rebounding after being squashed by the glaciers from the last ice age.
No Country Owns Antarctica
Antarctica is one of the few areas on this Earth that remains uninhabited (if you don’t count a few scientists and lots of penguins). If you’ve ever wondered which country owns Antarctica, you’ll be surprised to know that no country owns this part of the world. It is a neutral zone that is not owned by anyone.
However, it is difficult to say how long that status will remain, as due to the melting of glaciers, numerous oil reserves in the continent have been exposed. It’s a situation that keeps developing and something to keep an eye on for sure.
Antacids are Chalk
Many people complain that antacids taste and feel like chalk in the mouth. Well, that is because antacids are chalk! Chalk is typically calcium carbonate, and that’s what antacids are made up of. So, if you think you’re gulping down a chalk mixture, that’s what you’re probably doing!
People Automatically Float in the Dead Sea
This is because the water of the Dead Sea has such a high salt concentration that the water is a lot denser than the weight of humans. Humans, being less dense, automatically float over the surface of the Dead Sea, without even having to try!
Asia and America will Form a Supercontinent
This geological plan might fascinate you the most. Scientists predict that in about 200 million years, America and Asia will collide and form a single supercontinent that will be centered at the North Pole. Scientists have even given a name to this supercontinent – Amasia!
The North Pole and the South Pole Can Reverse
We’ve grown up with the fact that the North Pole forms the upper extreme of the Earth while the South Pole forms the lower extreme. What if we tell you that our magnetic poles often reverse? The South Pole and the North Pole reverse their magnetism, flipping the directions around. It is predicted that it might do so once again in 1,000 – 10,000 years.
San Francisco and Los Angeles Might be Neighbors in the Future
The Earth is constantly slipping along the fault lines of San Andreas at a rate of two inches per year. This means that in the next 15 million years, San Francisco and Los Angeles will become neighbors.
20% of Earth’s Freshwater is in the Great Lakes
You’ll be amazed to know that 20% of the entire world’s fresh water is in the Great Lakes. This percentage doesn’t include the polar ice or underground aquifers.
Closing Word
While we may not realize it, our Earth is constantly changing. We may think that we’ve managed to uncover most of the Earth’s secrets, but you will be amazed to know how little you know. The Earth holds untold secrets that will take us almost forever to find, and that too might not be enough to uncover it all! These geological facts are just a few of the long list of known facts. There is so much more to know!
