The gem and jewellery industry has seen great change, development, and most recently, upheaval. Markets have experienced both growth and fluctuation on a massive scale and sale results have remained hot discussion points.
Yet so often pricing is only ever discussed without a larger context. Much of our price and value knowledge comes from recent, living memory, but what do we know about gem pricing in the recent and even distant past? How have we got to where they we are today, compared with a hundred, or more, years ago; how has our concept of prices and value changed? This talk will address the importance of history, historical examples and models, with special references to ruby in particular, and investigate shifts in the gem market from the perspective of the bigger picture.