[meteorite-list] The Trials and Tribulations in Dealing with Landowners

From: Yinan Wang <veomega_at_meteoritecentral.com>
Date: Mon, 21 Feb 2011 12:44:09 -0600
Message-ID: <AANLkTikykA5X=xEwcR4Zg-gy0ZA8NQ3kbcyyMVOE0P=D_at_mail.gmail.com>

There are also long-term value issues:

If you had $5000 to spend on a gem that would retain its value, would
you buy a 1 ct diamond or a 1 ct space-gem?

While the hard-core collector may say space-gem, everyone else in the
world would say diamond. The diamond market is well established and if
you had to resell or pawn a diamond, it would hold most of its value
(normally around 60-80% unless you're desperate). Try taking a
space-gem to a pawn shop, they'll look at you funny and give you $20;
because to them and the rest of the world, peridot is peridot.

I'm not knocking olivine space-gems, the problem is you need to
establish the market and demand before you can attain the desired
price.

-Yinan




On Sun, Feb 20, 2011 at 11:17 PM, Yinan Wang <veomega at gmail.com> wrote:
> It's all in how you market it.
>
> With the big gemstones, they've been bought, sold, and used as a
> commodity for literally hundreds and probably thousands of years.
>
> Diamonds didn't get their current popularity/price until DeBeers
> started their major marketing campaigns.
>
> Just because something is rare doesn't mean its worth more than a
> diamond of similar size and quality: an object is only worth what
> someone is willing to pay for it.
>
> Here are some example of the rarest gemstones on earth:
> http://www.curiousnotions.com/gemstones/
> They're all extremely rare but only have a specialty market, which is
> why most stay under $2000 per carat for the finest piece.
>
> Another example of rare gemstone is Bixbite from utah. It's a red
> beryl. Only 60 lbs of it have ever been mined (compared that to the
> ammount of pallasite out there), and they're very beautiful. The
> largest perfect gem of it ever cut weighs only about 3 cts. Still,
> most cut pieces are still only worth about $1000-$2000 per carat for
> anything under 1 ct.
>
> At the moment, space peridots are a specialty market.
>
> -Yinan
>
>
> On Sun, Feb 20, 2011 at 10:30 PM, Count Deiro <countdeiro at earthlink.net> wrote:
>> Hello All,
>>
>> When you start pulling a ton of Brenham out of the ground don't expect to find, or quickly make, a market for it. Once the relatively small group of meteorite collectors (I'll bet there isn't five hundred that would but a pallasite in the world) get their specimens you will still have a massive amount left.
>>
>> Might sound like a good idea to destroy the meteorite to smelt out the peridot, but most of it, although rare, is badly shocked, irregularly shaped and included. Cosmic peridot will never touch the appeal of the terrestial big four...diamond, ruby, emerald and sapphire. A high end market for gem quality peridot doesn't exist and it would take years to move what was cut and polished. And at a loss. Per esempio...It's my wife's birthstone (August) and I was able to purcase a near flawless, brilliant cut, Mexican example of nearly 20 carats for less than a thousand dollars mounted in 18kt gold.
>>
>> Steve has a tough row to hoe....
>>
>> Regards to all,
>>
>> Count Deiro
>> IMCA 3536 MetSoc
>>
>>
>> -----Original Message-----
>>>From: Darren Garrison <cynapse at charter.net>
>>>Sent: Feb 20, 2011 7:23 PM
>>>To: meteorite-list at meteoritecentral.com
>>>Subject: Re: [meteorite-list] The Trials and Tribulations in Dealing with ? ? ?Landowners
>>>
>>>On Sun, 20 Feb 2011 22:00:28 -0500, you wrote:
>>>
>>>
>>>>It is my understanding that they are considerably more rare than diamonds yet are priced well below the cost of an equivalent flawless diamond.
>>>
>>>http://www.arizona-peridot.com/Peridot_Prices.html
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>
Received on Mon 21 Feb 2011 01:44:09 PM PST