A Thai metalsmith in Mae Sairough stones on "ruby lane" in Mae Sai
Tip Top Gemnewsletter
Where is the stone market now?
No. 9; October 2009
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Australian Yowah/Koroit boulder opal
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David B. Fortier

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Australian Yowah/Koroit boulder opal




Welcome to issue No. 9!

We have seen a lot of ups and downs in the gemstone market here in Chanthaburi lately and it does not seem easier to understand than it was last month.  But we have a little broader perspective after buying in Mae Sai (see the metalsmith hard at work on his bench and the table of rough on "ruby lane" in the header) and also in Silom in Bangkok.  I will not say that the dam has broken, but I will say that there continue to be opportunities in this unique market for those who are astute and able to take advantage of the tough times in the colored stone market globally.

Dealers are eager to make sales and are pursuing new venues.  They are discounting more, overall, and getting out in public in new shops or kiosks.  It is obvious that they are trying harder and it makes me anxious to work with them.  It is more than lower prices- it is the attitude that "we can do it" even in a tough economic climate.  Dealers who are giving it their all right now are the kind of people that will help me bring you the best stones at the best prices in the years to come.  The guys sitting in their offices waiting for the phone to ring will be finished.  Or they will have the same tired product presented in the same tired way.

By spending so much time out of Chanthaburi lately we did business with a lot of new dealers and renewed old relationships.  It creates a lot of energy and produces solid results when you are mixing with people who smile while they are climbing the hill.  Make sure you find opportunities to do the same wherever you are or whatever you are doing!  It's worth it to seek out those people.
gemstones in a case in Mae Sai, Thailand
Many stones, many pricing levels!
Australian Yowah/Koroit boulder opal
It's been an incredible experience to travel around Thailand the last week or two and Melanie and I have learned a lot.  For one, if they don't know your face you will get tourist prices no matter how well you can say "Keem me mai?" or "Do you have a tweezer?" or how well you handle that tweezer once it is in hand.  I expect to make more visits to Mae Sai before I am afforded the status of "dealer" prices and I did not get discouraged.  The fact that the Mong Hsu mine is so very close makes no difference!  The fact that I can not legally export Burmese ruby does not let me off the hook, and my lovely fiancee expects one for her finger!  No diamond for her.  Note the blue in the pile of rough above- heat fixes that and leaves a magnificent red behind.  The variety of stones in Mae Sai is impressive- from Australian boulder opal to maw-sit-sit carvings to gorgeous spinel crystals in white marble matrix.  The Chinese freshwater pearls continue to impress with the advances in quality to the point that I fear for the future of Akoyas.  Some of them are literally that spherical, that lustrous, and that flawless.  You will see some of these items in my eBay listings in the coming weeks.  I was coveting the jade bangles but that is a no-no so I do have some beautiful maw-sit-sit, granite, and carnelian bangles that will be on offer- at least the ones that do not become Christmas gifts.  Jeesh- am I the only gemologist is the family???
Than Shwe isn't hurting but the people are
Burmese man on a non-descript street
I doubt that we need to see pictures of sick kids or deformed beggars to gather up a little bit of help for Burma.  The Tom Lantos Block Jade Act is hurting the Burmese- badly.  Trust me that I did not have to wander long or hire a driver to seek out dirty streets of empty storefronts and vendors selling nearly worthless junk for prices that will not improve their lifestyle but will only preserve their life.  We may see a change in U.S. policy, but until we do there are organizations that are not struggling to meet the needs of the Burmese- the struggle has past.  They are turning needy people away where they used to provide medical care, food, and shelter.  If you can afford even $10, please immediately make a contribution to the Mae Tao Clinic:

Please give today if possible
Koroit/Yowah boulder opal
Australian Yowah/Koroit boulder opal
This is some really gorgeous material that I bought direct from a miner in Bangkok who has his rough cut in Indonesia.  The quality is great and the prices are low.  The piece shown here is 5.92 carats and loaded with color in beautiful veins.  This is a durable, hard precious opal that is taking the collecting world by storm- let's just  hope the supply holds out!  I think $10 per carat is more than fair for such a stone, and you get the security of registered mail for an additional $7.50.  Note that this stone is untreated- it is formed inside a hematite "nut" (that's just a nickname as it is really iron) and once it is broken open and slabbed to reveal the color it is simply polished like a cabochon.
Koroit/Yowah boulder opal from Australia 
Thanks a lot for visiting us here and never hesitate to tell us how we can do a better job for you.  We are actively seeking ways to bring you stones you love at prices you love- and in ways that are convenient for you.  Just send a note to dave@tiptopgem.com and we will do our best for you!
Sincerely,
 

Dave & Melanie
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