Tuesday, August 30, 2011

As a matter of interest ...

While my suppliers are trying to calm everyone, the laws of supply and demand would indicate that turquoise prices are going to hit the roof again like they did in the 1980s.  China is going to be dramatically slowing its production of turquoise rough -- a couple of sources are suggesting that that country's output may fall by as much as 75%.


Available here.

While this is no doubt exaggerated, it has some interesting implications.  A lot of turquoise miners are going to lose their jobs -- but the loss of life in mining should slow too.  The environment around some of the turquoise mines should improve.

And as for what this will do in the jewelry industry ... well, turquoise was recently a Pantone Color of the Year, and it is still exceedingly popular, since it fits both the fruity jelly-bean shades that are in everything this year and the dustier ones predicted for next summer.  As the prices rise, we may see a surge in substitutes, like dyed or undyed howlite, which pleases me -- I much prefer howlite.  Turquoise may be found in fine jewelry more often than casual jewelry by the end of this decade -- as it becomes priced as a luxury, it may be paired with sterling, gold, and precious stones more often than leather, fiber, and bone.  That could conceivably redefine tribal/ethnic-inspired jewelry styles.

This will be interesting to see!

Unrelatedly, I am sick.  I do this every year, but usually I manage to weather it before the school year begins.  However, it's possible my body is still on California scheduling (UCR starts in late September) and thinks it's got plenty of time to be ridiculous.

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