Ethiopian emeralds remain one of the most beautiful varieties of emerald found on the market. Some experts say that the color of Ethiopian emeralds rivals those found in Colombia, the home of the highest quality emeralds. Gemstone dealers appear very excited about these stones because they don’t require treatment with oil. Oil treatment remains a commonly used way to enhance the looks of an emerald.
Facts about Ethiopian Emeralds
Some basic facts about emeralds include:
- Emeralds have a vitreous luster.
- They go from transparent to translucent in clarity.
- This valuable gem ranges from 7.5 to eight on the Mohs hardness scale.
- The gemstone’s green color comes from chromium or vanadium.
- Ethiopian crystals remain originally hexagonal or prismatic.
The History of Ethiopians in the Gem Market
Gem shows in Tucson, AZ first displayed this unique type of emerald in 2016. These first-seen Ethiopian emeralds had many inclusions and weren’t suitable for faceting. But within a year, gem dealers in Bangkok began to get in Ethiopian emeralds that had high enough quality and clarity to facet.
Ethiopian emeralds come in beautiful shades of green. From the more common light shades to lovely shades of spinach green, the quality of emeralds found in Ethiopia remains remarkable. Plus, large stones with excellent color might get discovered here, too.
One of the best aspects of dealing with Ethiopian emeralds remains that they are much more affordable than their Columbian counterparts. So you can buy a bigger sized, high-quality Ethiopian emerald when you might not afford a Columbian gem of the same size and quality. Many gemstone dealers continue to buy the Ethiopian emeralds as an investment since their price continues to skyrocket.
No one knows how many emeralds will get produced from the mines 300 miles from Addis Ababa. The latest deposit of emeralds in Ethiopia has been discovered in the Seba Boru district. Miners mine traditionally, using hand tools and no heavy equipment. The gemstones become transported to Addis Ababa, where they get sold to emerald dealers. An estimated 500,000 carats of Ethiopian emerald has been mined so far.
Pricing the Ethiopian Emerald
While many of the mines still produce an abundance of highly included emeralds, when a stone suitable for faceting gets discovered, it remains a real treasure. Ethiopian emeralds have been described as a vivid, minty color with a bit of a glow. Ethiopian emeralds get priced like Zambian, Brazilian, and Austrian emeralds. Pricing remains challenging because of the limited amount of Ethiopian emeralds on the market at present. One recent estimate includes a price of $4000 to $5000 for a good quality Ethiopian emerald ranging in size from two to three carats.
Because the Ethiopian emerald needs no treatment with oil, and little enhancement, the gemstone continues in its demand and popularity with dealers. Unfortunately, Ethiopian emeralds that have a gemstone quality remain rare and get quickly purchased.
The local government has kept watch over the latest deposits of emerald found in Ethiopia. Between safety concerns and trouble with international buyers, mining has become even more limited. Buyers of these extraordinary gems need to have a regional and federal letter to purchase the Ethiopian emerald. So, for the moment, collectors and people interested in rare gems remain the primary markets for the Ethiopian emerald.
Hamed Wardak currently lives between his home in New York City and On the island of Puerto Rico. Wardak is the son of a former defense minister for Afghanistan. Hamed Wardak is an entrepreneur and recently joined the techno music world, creating, producing, and performing his new artistry in underground techno clubs all over the world. Hamed Wardak is known as Valen of Wicked.