Learn How The Gemstone Mining Industry Is Adjusting To Change

Posted by Norsworthy on March 31st, 2021

Just can’t get enough of coloured stones? This short post will direct you through the greatest trends and changes throughout the industry.

Have you ever peeked behind the window of a jewelry store and observed all the pretty colors on display? From shining sapphires to rich rubies, these pretty stones have captivated people since the beginning of time. While these stones look serene perched on top of a ring or necklace, there is a far more complex process below the surface. To make that perfect piece of jewelry, there is a very long and strenuous gemstone mining process which starts in mines found deep below ground. In the past, miners would go down to the bottomless depths with only a pickaxe and a flashlight. These days, gemstone mining companies like Gemcanton will be outfitted with the newest equipment and technologies to achieve their mission. As valuable stones become harder to find, more advanced equipment is required to keep pace with demand. In the digital age, online monitoring equipment are today being used to find mines with much better accuracy.

Sustainability is among the main buzzwords around the mining sector. There is no difference in regards to the gemstone market. Ensuring that cherished stones are relatively and sustainably sourced is more essential than ever. Especially in the modern age, consumers are extremely conscious of their carbon footprint when purchasing things. Sustainable practices are therefore among the leading gemstone mining trends not just today but down the road. The notion of ‘mining passports’ have lately been championed to trace valuable stones back to their origin. Every single stone will have their very own distinct passport so the buyer would know exactly where and how it was made. Organizations like Greenland Ruby are amongst the very first to sign up to initiatives which track gemstones from mine to market. Adhering to these responsible procedures is only expected to become more commonplace as customers look for gems which are good for our planet and the people.

It might not surprise you to find out that the gemstone market is one of the most priceless businesses across our world. During the next five years, the international market is predicted to grow by roughly five percent based upon current studies. With surging demand – even in the present economic climate – the gemstone mining market needs to discover new tools and methods to keep up. As with nearly every other part of mining, digitalization is a great place to start. Technologies such as artificial intelligence and computerized equipment can make the mining process much simpler and safer than in the past. Beyond digitalization, conventional mining processes are continually being refined. Hard gemstones like ruby or topaz frequently require heavy machinery to remove them from the rock around it. The major mining organizations like Fura Gems are always ready to embrace new and advanced equipment that are shaking up the mining sector.