GEMS IN THAILAND

Thailand is a rich source of sapphire, ruby, zircon, garnet, beryl, quartz, and jadeite, and gems and jewelry are a large export item in terms of value. The mines there are mostly played out.

Thailand is a major diamond cutting center. It is not known how much the diamond cost. In 1996, the king was presented with a 546-carat yellow diamond with 148 facet, by a groups of local businessmen that included a gem trader, department store owner and banking family.

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Melo melo pearls, see Vietnam

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Jade

They bargain in large warehouses, and have traditionally made their bids with hand signals underneath a towel. ” [Source: Fred Ward, National Geographic, September 1987 ╝]

For the jade houses in Hong Kong, a hotel owner told National Geographic: “It is the perfect business, almost without risk. The house puts up little money, doesn’t do the smuggling , doesn’t own the jade, is in no personal or financial danger, and gets rich from the 7 percent.” ╝

See Jade, Burma.

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In the early 1990s the Chaing Mai jade trade was controlled by five main Chinese Thai syndicates and a number of small traders.K.K. $75,000.K $1,500 or even $2,000. That’s where the gamble comes in.” [Source: Timothy Green, Smithsonian magazine]

Rubies and Sapphires

In the 1980s and 90s Thai gem dealers for all intents and purposes had a monopoly on the ruby and sapphire market. Only the miners in Montana resist exporting their sapphires.” [Source: Fred Ward, National Geographic, October 1991 ╔]

Most of the gem factories that deal rubies and sapphires are located in Bangkok and Chanthaburi. Combined with luxury hotels and a nonstop entertainment district catering to very whim, the selling package is irresistible.”╔ Workers earned two to five dollars a day. Sometimes the gems are sawed into angular geometric shapes but usually they are shaped into round, oval or octagonal shapes with diamond impregnated grinding wheels. Gem dealers persuaded the government to drop important. Collectively they cut rubies and sapphires worth more than half a billion dollars a year. They are then polished with extraordinarily fine diamond grit. Export taxes to create a climate of growth. Then they systematically built a market to supply global buyers with a huge variety of polished stones and finished jewelry. In the 1990s Thai cutters charged between 30 cents and two dollars a carat to process stones.

The Thais are not the most up front and honorable gem merchants that ever walked the planet. Some dealers label their Vietnamese stones as Burmese “ensuring and instant-and unwarranted-profit.” A Thai gem dealer told a socialist Tanzanian official who was worried about outsiders profiting from his country’s rubies and sapphires: “We never exploit the poor in the gem trade. We only exploit the rich.╔

Many of the rubies in Thailand come from across the borders in Burma and Cambodia. Some also come from Vietnam.

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Thais and the Sri Lankan Sapphire Market

In the 1980s Thai gem dealers convinced the Sri Lankans their colorless sapphires were worthless and bought the stones for 10 to 30 cents a carat. Later they heated the same stones to brilliant blues and yellows and sold them sold for thousands of dollars. [Source: Fred Ward, National Geographic, October 1991 ╔]

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Later Sri Lanka withdrew Thai dealers exclusive buyer status for sapphires. One Sri Lankan official told National Geographic: “We have to get control of our own gems. That means buying furnaces and training people to heat, cut, and sell gems here instead of letting the Thais make all the value added profits.” Such independence was difficult when the Thais controlled the market.╔

A few years ago, according to one story, a prominent Bangkok gem dealer announced that he intended to heat treat sapphires in Sri Lanka. After learning that jealous dealers had taken out a contract on his life, he quickly dropped the project.╔

When the owner of an Australian mine said he wanted to open a cutting operation in Sri Lanka, the Thai buyers dropped the prices they paid for his sapphires 30 percent overnight. “I’ve been mining sapphires for 14 years,” he said, and I’m almost out of business.”╔

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Some of the jewels were family treasures hundreds of years old.

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In 1994, many of the jewels were turned in anonymously under a no-questions-asked agreement. Among the items still missing at that time were a “priceless” 50-carat blue diamond, a necklace of very rare green diamonds, “rubies the size of chicken-eggs,” and a $2 million bracelet with a huge blue sapphire. The largest cache of stolen jewelry was turned in the day after criminal charges were dropped against a senior police general and the former national police chiefs.

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Murder, Curses and the Saudi Gem Scandal

A police lieutenant was charged in the murder but the charges were later dropped.

The jeweler, whose wife and son were murdered, is a key suspect in the theft of the jewels. In the summer of 1994, he turned up after a six month disappearance, saying he had been kidnapped by police. Well-connected with the police, he is accused with having received much of the jewelry with the purpose of selling or resetting the valuable gems.

Sacred Emerald Buddha of Thailand

[Source: internetstones.4 centimetres in height and nearly 2,621 carats – appears certain to secure it a place among the world’s great gems. At any rate, given the altruism invested in its creation, any talk of value is brushed aside as merely callous.3 cm across the lap, and 66 cm high from base to top. ^

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History of the Sacred Emerald Buddha of Thailand

5 carat, but larger stones are heavily flawed. [Source: internetstones. Several dealers saw the massive emerald and were impressed by its size and quality, and offered to buy the gemstone with a view of cutting it into smaller pieces, and producing several processed emeralds. He went after the stone and after several months of intense negotiations was successful in beating his competitors and acquiring the stone for himself. However, one dealer who saw the stone realized that it was a special crystal, and wanted to maximize its potential, by preserving it as a single piece. He studied the crystal for a long time and finally decided that the best way to bring out the full potential of the stone was by carving it into a desirable shape.

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Carving the Sacred Emerald Buddha of Thailand

The next step was to look out for an experienced gemstone carver who could transform the gemstone into the selected subject matter. [Source: internetstones.com ^]

“To sculpt the stone was a risky job given emerald’s brittleness. It soon became apparent that the 3,900-carat emerald would lose fully a third of its weight as it was pared down to the desired form. “He was motivated by the knowledge that in other hands it was most certainly going to be cut up into pieces and sold off, ending up as somewhat anonymous items of jewellery. He felt that something so rare must be preserved. Two months later he was finished. The sculpturing continued until the finer details of the statute were brought out one by one, which was indeed a tedious and time-consuming job. Having finished the sculpturing with maximum perfection up to the minutest of details, the next formidable task was the polishing of the rough statute, in order to bring out its brilliance. The polishing started with extra fine sandpaper then medium-grade diamond powder and finally the finest-grade diamond powder, Can You Buy Cheap Diamonds In Thailand which resulted in a high-gloss finish on the surface of the image. ^

Cooper says that’s completely incorrect. [Source: Paul Dorsey, The Nation, June 8, 2012]

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“The gallery was representing it, but I don’t recall them claiming ownership. I believe they had the better connections to this particular fair and that was why they were fronting it. More importantly, the Abhaya Emerald Buddha was not for sale and certainly not at a particular price. There has never been a public price put on it – that would be stupid for anyone selling such a piece.” He stresses that the statuette will not be offered for sale in the foreseeable future, so the word “priceless” applies literally. And if, in the distant future, the owner decides to “pass it on to another caretaker” – as regional terminology for the sale of Buddha images would have it – “it’s pretty unlikely he’d let it go to someone who was going to keep it in their house to themselves. He’s more concerned about its legacy, now that he sees the possibilities for the impact it can have.” More than likely it will end up in a public shrine or a major museum.

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Museums around the world are on the proposed itinerary for the Abhaya Emerald Buddha. Media presentations are being planned for New York and other cities. “It demands to be shared.” “This sculpture is at the beginning of a long and amazing journey that will take it around the world to many places, to be de-encrypted by many people – long after we have all shuffled off the mortal coil,” Cooper and Butel write.

Appraisals and certification were obtained from gemology institutes in Thailand and the US and a lab in Switzerland. Barbara Wheat of the International Colored Stone Association found that the icon’s “calming” green “radiated a sense of power and peace”. “Most dealers would have sliced it up and gone for maximum yield, resulting in many large cut emeralds rather than one huge historic carving. Without a doubt, this decision took a lot of courage and contributes to the intrinsic value of the piece.”

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Abhaya Emerald Buddha, the Taleban and World Peace

The statuette will tour the world, going on public display in the hope that it will convey a message of tolerance. They refer to him only as “the commissioner”.

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Butel waxes poetic, ascribing words to the newly reborn Buddha: “My eyes look swollen. You may understand that if I were not a Buddha I would have cried … I am simply showing you how to reveal your own saintliness without any cult to follow. I am global and approachable by all faiths. “I am the largest emerald-carving healing instrument in the history of humanity for all nations. Those who take care of me will be blessed above all …