Saturday, September 12, 2009
Fair Trade Gold and Gems.
I dont know much about the subject.
I do know that gold is too regulated to be fair trade. The price is the price that is listed on the stock exchange.
The supply of Diamonds is heavily regulated, you will not find Fair Trade diamonds.
But I do know that right now I can sell a 4mm Amethyst from India for $20, which means I bought it from the middle man for less, and he bought it from the gem cutting house for less and they bought it from a middleman in the country it was mined for less and he bought it from the digger/diver/hunter for next to nothing. Its beginning to look like the little guy on the other end had to pay for the honour of risking his health and possibly life for that little purple rock. Fair trade coffee is good, Fair trade coloured stones are good, too bad I have never seen any being offered on the market, but if the customer asks for one, I will search for one.