Gemstone Trends focuses on Gem Rock Auctions ‘Best Sales’ on a monthly basis. This review is an important source for sellers and buyers to analyse which gemstones are currently best to invest on.
The gemstone industry is affected by many macro and micro conditions that are due to normal supply and demand factors, government interventions and embargoes. Many gemstone mining fields do not have constant supply, and now we see weather such as wet monsoonal to drought conditions have a major effect on production. Chinese buying patterns can also increase or decrease the gemstone price if it is considered in fashion or not.
We monitor gemstone trends from google analytics, items sold on Gem Rock Auctions and items that are being watch to help us provide our buyers a good indication of the most current gemstone trends.
Gem Rock Auctions had a record month in November with a staggering 7,628 stunning gemstones sold worldwide.
In the last three months the sales have increased by a massive 54% in comparison to the same period last year. The sales for November this year is up by 37% on last years figures.
Out of 1315 categories listed on Gem Rock Auctions, we have observed the top ten categories that showed a great demand.
10. Mineral specimens
Currently we have a record of 6300 colored gemstones listed on Gem Rock Auctions and 450 gemstones were sold in the month of November.
No reserve auctions have greatly increased from 400 to 500 items to over 700 auctions in November. The new No Reserve category of $15 items has an average of 200 items listed which resulted in 25% of the items sold. We expect No reserve to keep increasing due to the increased usage of mobile phones.
In 2019 our mobile app will greatly help these bidders and we expect the No Reserve to increase in popularity as buyers have the confidence in our verified sellers.
In Gem Rock Auctions, the B2B sales are increasing as our sellers have received hundreds of positive feedback from our buyers. Some of our sellers have over 100 feedback from sales in their store, while others have over 5,000 or even 10,000 feedbacks.
The range of our wonderful buyers such as online resellers, market stalls owners and retail shops have confidence buying from our verified sellers, so they can resell their gemstones with confidence.
We have exhibited a trend that our B2B buyers are heavy users of the function ‘Item watch’. For more information see this link. This tool helps our buyers trace market prices and also to follow their favourite seller. B2B are also heavy users of ‘Audit Requests’ as a result our Gemstone Sheriff program have had over 1,000 requests for November.
Our massive advantage on Gem Rock Auctions is that all our sellers are on the same level playing field and this helps buyers to compare all the stock from our in one convenient platform.
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