Beautiful, rare gemstone prices are already going through the roof. According to dealers, prices for high-quality rubies have doubled in two years. Even gemstones of average quality are up 20% this year, according to some dealers. The price increases in precious gemstones have now filtered down to semi-precious gemstones, especially gemstones such as spinel, which has risen in value considerably.
It seems that history is actually repeating itself. In bygone times, colored gemstones were more highly prized than diamonds. If colored gemstones were marketed as cleverly as diamonds were in the 1930s, then things would really take off.