Had a thought today: More or less every major coloured gem and diamond mine in the world is currently closed, including every emerald mine I know of except maybe Afghanistan.
Although demand has dropped, it will surely outstrip the supply if the supply is ZERO.
People are still getting married and buying gifts, and since people are NOT spending money on trips or fancy dinners, so we become one of the last luxury options for people to spend their money on.
Will there be a shortage?
If so, with a lack of merchandise on the market, will we see ‘artificial inflation’ in the gem markets or will the goods already in the market be enough to feed the demand of the world?
Best regards to all, I hope you are all staying safe and healthy!