Precious stones-wealth hidden behind the glitter

Abstract

Diamonds are forever as heroes. The precious stones market is one of the important
components of the financial market. Before we talk about the importance of precious stones in
the world market, which are an indispensable piece of jewelry for women and have historically
been a source of conflict in some countries, let's define what they are. Precious stones are ore
minerals that come from the earth's crust and have a beautiful appearance given to people by
nature. The main types are alexandrite, ruby, turquoise, emerald, diamonds and others. It is
most common in geographically older areas.For example,Russia, Bostvana, South Africa
Republic etc. These stones are used not only in jewelry, but also in other fields: optics,
electronics, radio engineering. At the same time, these stones have healing properties. The most
traded precious stone in the world is the diamond, which is characterized as a symbol of
endurance and courage. In 2018, the size of the global diamond market was $ 87.81 billion.
The largest share here belongs to the international company DeBeers. The growing demand
for diamonds is causing this market to grow even more. Because diamonds are produced,
processed and sold in different countries, it is considered that a diamond travels to more
countries than the average person. Precious stones are also considered a safe investment tool.
For example, the prices of diamonds, rubies and emeralds do not change as much as gold, and
the size of investments in them increases because they are a rare find. As the Chinese proverb
says: A diamond with a flaw is worth more than a pebble without imperfections.
Keywords: precious stones, market, diamonds