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Before actually buying the gemstones, it is necessary to choose a reliable a gemstone dealer. You have to carefully research the dealers business background, ascertain how long the dealer has been in the business of gem stones
and whether the dealer is a member of reputed associations. Make it a point to ask what gemstones the dealer sells. Needless to say, when choosing the best gemstone dealer, visit several shops take note of the prices, product quality, and professionalism of staff.
As you may be aware, Gems are stones that can be polished and set into jewelry or used to make various sorts of decorations and ornaments. Some gemstones are considered precious, such as diamonds, rubies, emeralds and sapphires. Other gemstones such as topaz and jade are considered semi-precious stones.
Collecting gemstone is indeed an expensive hobby that all cannot afford but it can turn out to be a good investment. As a matter of fact, the values of certain types of gemstones appreciate rapidly and there is the possibility one getting rich quickly.
Before you visit a gem stores to pick up a few pieces of gemstones, you should be armed with the basic information on how to evaluate precious stones. The value of expensive diamonds is determined by the four Cs - color, clarity, cut and carat weight. Clear and transparent diamonds are indeed valuable but colored diamonds may also fetch high prices in the market. For instance, good quality blue diamonds are often more expensive than the regular colorless diamonds.
It is good to know that rarity and uniqueness of gemstones are critical in deciding the price of gemstones. Collectors and hobbyists are understandably more attracted to something that is not of the routine kind and they are more than ready to pay a much higher price if they consider any gemstone unique and valuable.
There is a general perception that deep colored gemstones are more expensive than the colorless ones. It is not always true that deep colored gemstones fetch higher prices in the market. Another key factor to bear in mind is the purity of the gemstones as it is generally acknowledged that pureness means superior quality. Any gemologist will tell you that pure ruby red are better than purplish red and grass green emeralds should be preferred over forest green ones.
When choosing a gemstone for your engagement ring, its important to know the gemstone used in an engagement ring needs to be a very hard gemstone that is durable and able to stand up to everyday wear.
Sapphires, rubies and diamonds are the most favored gemstones for use in engagement rings. People who cannot afford a sapphire, ruby or diamond, then aquamarine or tanzanite should be the next best for engagement rings. Aquamarine, it is suggested, can gather dust or dirt with constant wear, as the gemstone is very pale and translucent.
Sapphires are available in a variety of natural colors, including pale and dark blue and pink. There are also some sapphire colors that are rare like green, yellow and orange. Sapphires and rubies are indeed hard gemstones, second only to diamonds and are thus the most durable of all non-diamond gemstones Emerald is one the gemstones which provides psychical and emotional healing as it is the best ever physical healing gemstone. Coral is said to provide a soothing effect, physical energy and inward peace.
West African Diamonds (WAD) reported original diamond production of 433 carats, which esteemed at $116 per carat, from its Bomboko alluvial mine in Guinea. The parcel incorporated a 16 carat diamond that sold for in excess of $1,000 per carat, the company reported. 
Bomboko, which was build during 2008 and in the first part of 2009, came into production in June. Monthly carat production from the mine is probable to rise in surfeit of 2,000 carats per month, given that the company with “stout income” WAD chairman John Teeling said. WAD is setting up to get bigger capacity at the mine which is said to hold at slightest 750,000 carats.
Teeling observed that that recent political instability in Guinea was a concern for the company and that it was monitoring developments there.
WAD also said that it has arrived at an agreement with Pyramid Resources, a private Sierra Leone company, to resurrect its Plant 11 tailings project close to Koidu. Pyramid, formed by local WAD advisers and management, has assumed the mining lease and certain plant tools and will focus on getting better diamonds limited in the 7 million ton diamond tailing dump. WAD has a 5 percent royalty on production from the project.
Looking to the prospect, Teeling said that the company is sure about prospect demand for diamonds and sees the supply deficit of gem quality diamonds in the coming years foreseen by analysts as an chance for the company.
“We are a producer of high quality stones. We have well-known reserves, we are skilled in the industry, but we are too small.” Teeling said. WAD’s future strategy would consequently be to grow by mergers and acquisition and the company is at present in the process of deliberations with a number of companies to this end.
Some facts on Dimaond...
Fact #1: An estimated 5 million people have access to appropriate healthcare globally thanks to revenues from diamonds.
Fact #2: Diamond revenues enable every child in Botswana to receive free education up to the age of 13.
Fact #3: An estimated 10 million people globally are directly or indirectly supported by the diamond industry.
Fact #4: The charity Jewelers for Children funds a community based care program for orphaned children in South Africa.
Fact #5: The diamond mining industry generates over 40% of Namibia's annual export earnings.
Fact #6: The Diamond Development Initiative was established to improve the working conditions of artisanal miners.
Fact #7: Approximately one million people are employed by the diamond industry in India.
Fact #8: Approximately $8.5 billion worth of diamonds a year come from African countries.
Fact #9: The revenue from diamonds is instrumental in the fight against the HIV/AIDS pandemic.
Fact #10: An estimated 65% of the world's diamonds come from African countries.
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