Analysts paint sparkling picture of coloured gemstone market

The shift from small-scale artisanal mining to larger mechanised mining owing to the increasing involvement of larger mining companies and greater formalisation of the sector is expected to increase the distribution channel of the coloured gemstone industry, which will continue to consolidate, as smaller market participants disappear. This is also likely to result in improved transparency of the coloured gemstone industry over time as larger mining houses are accountable to their shareholders as well as local and international operating regulations.