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In any major Indian city, one can feel the energy of an ambitious, rising economic power.At every socioeconomic level there is a distinct entrepreneurial drive and competitive spirit.With a population of approximately 1.3 billion, India is the world’s largest democracy and the second most populous country, projected to overtake China in 2022 (Gladstone, 2015).Although rich in history and tradition, India is a relatively new country.Indeed, we were surprised by the extent to which Zambia had overtaken Brazil as a supplier of emerald rough.Tanzania’s restrictions on rough tanzanite exports were another influence, but smaller sizes were still very much available and had found a new customer in jewelry television networks.

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Gemfields’ auctions from its Kagem mine have had a profound effect on the city’s emerald industry.

The authors have visited all of these manufacturing and trading centers and studied them in detail.