Wednesday, August 3, 2011

China Closing Turquoise Mines

by Jake Woolley, Marketing Content Development Group, Exclusively for Fire Mountain Gems and Beads®

Fire Mountain Gems and Beads has always had a passion for turquoise. You could say it's in our blood; after all, it is the favorite stone of owner Stuart Freedman. In the early '70s Stuart was a gemstone hobbyist, cutting rough turquoise into beautiful cabochons, which later resulted in sales and a small storefront. Essentially, that's how it all began in 1973, a love of turquoise resulting in a successful wholesale jewelry-making business

Turquoise is produced from a number of locations worldwide, notably in the southwest US, Egypt, Iran and Tibet with the largest supplier of the stone being China. With over 75% of the turquoise market coming out of China, jewelry makers stop and pay attention when they hear that the Chinese government has closed quite a few major mines and will be strictly supervising the production of several others. This mining moratorium has placed a halt on production in the Chinese provinces for a minimum of 3 years and quite possibly longer.

There are several reasons why the mines are closing and questions have been raised as to how it will affect the prices and availability of turquoise.   Contd .

As Always you can click on the title to go to my store.

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