While spinels have already attracted very fast attention, they certainly will be the next phenomenon in the world of stones. One might be attracted to spinels not only because of their brilliance and color but also because of the value increase that has been taking place. Therefore, this is a great opportunity for gem enthusiasts and collectors who always look for good investments.
The Evolution of Spinel Prices
It’s hard to believe, but a little more than a decade ago, spinels were really not expensive to acquire. A pack of 20-30 spinels would sell for a mere Rs 5,000 to Rs 10,000, equivalent to $15 to $30 today. Times have changed, and today it is hard to get a good quality Sri Lankan one-carat spinel for even $100. This considerable price hike underlines the growing recognition and demand for these exquisite gems.
Why Spinels are Gaining Popularity
Spinels have gained fame for their fine color, great hardness, and brilliance. The intense colors, especially red and blue, notably from Mahenge in Tanzania and from some parts of Vietnam, are highly in demand and yield premium prices. Spinel is an attractive jewelry stone, having large optical properties that can match even the finest rubies and sapphires.
- Hardness and Luster
One of the reasons spinels are gaining huge popularity is because of their exceptionally high hardness. With a hardness of 8 on the Mohs scale, they rarely scratch and can be worn every day. Similar to diamonds, due to their brilliance and fire, they stand out in any jewelry setting. - A Spectrum of Colors
Colors in spinels range from reddish, bluish, pinkish, purple, black, and even colorless—really very diverse. This thus provides varied and customized jewelry designs that would fit a wide range of tastes.
The Investment Potential of Spinels
The fact that sapphires and rubies have risen in value extremely fast over the last few years means that spinels will likely appreciate similarly. With increasing interest, these gemstones inflate in market price. Early investment in these stones can thus bring greater returns when the price rises.
- Growing Market
A market that is always changing, collectors and investors are constantly trawling for new opportunities in colored stones. Spinels represent a very exciting area for investment because of their rich history and lately regained popularity. The more people are informed about the beauty and rarity of these stones, the value will increase. - Currently Undervalued
Although still accessible with regard to cost, spinels do offer a new and exciting opportunity for those seeking to invest in precious stones. The increasing difficulty in sourcing high-quality spinels adds to their allure as a valuable investment.
Why Now is the Time to Invest in Spinels
As the market for these spinels heats up, now might be the right time to add these beautiful gems into your collection. Here’s why:
- Limited Supply
Supplies of fine-quality spinels, especially those that are vividly colored and of excellent clarity, are limited. As mining yields fluctuate, and the recovery of top-tier stones dwindles, their value is expected to appreciate. - Rising demand
As more and more people are familiar with the beauty and value of spinel, demand seems likely to grow for these gems. That increased demand, together with only limited supply, builds a scenario in which prices will appreciate. - Diversification
Adding spinels to your gem portfolio diversifies it, reduces the risk, and enhances the potential return. With their very unique properties and growing market presence, they would be a wise addition to round out any investment strategy.
Conclusion
Spinels are undoubtedly the next big thing in the gemstone market. Their brilliance, durability, and increasing value are what make them an excellent choice for collectors and investors alike. With sapphires and rubies rapidly appreciating, spinels are sure to follow, thereby giving a huge return to the one investing in them now.
Do not let this precious opportunity slip away; spinels will soon run out of the reach of our wallets. Let the brilliance and potential of these extraordinary gems take their rightful place, and let Zenva Gems help you source the finest of unheated Sri Lankan spinels. Join the trend today and be a part of it that rightfully values the timeless beauty of spinels.
