Rubies and Emeralds Could Be Set to Boom in 2018

LONDON, January 26, 2018 /PRNewswire/ --

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Colored gemstones are drawing the attention of diamond market investors, and in the coming months these investors could be rewarded with a booming market.  International money from the diamond market-valued at $80 billion-is now flooding in to colored gemstones.  Market research analyst Technaviot predicts that the global gems and jewelry market will reach $292 billion by the end of next year.  Included in today's commentary:  Kinross Gold Corporation (NYSE:KGC), Agnico Eagle Mines Ltd (NYSE:AEM), Yamana Gold (NYSE:AUY), Newmont Mining Corp (NYSE:NEM), Cameco Corporation (NYSE:CCJ)

And colored gems are now fetching premium prices, with one Colombian emerald sold for a mind-blowing $5.5-million at a recent Christies auction - just one of many indicators that diamonds are no longer the only jewels of the gods.

And Fura Gems (FURA; FUGMF) is thinking big-diamond market big. It's aiming to use business practices with emeralds and rubies that De Beers used with diamonds.

Fura is aiming to take the colored gemstone market to new heights, emulating the diamond industry in the booming international emerald and ruby trade.

And, just weeks ago, Fura just acquired the mine where the "Guinness Record Emerald" was unearthed. The best part: This mine is only partially explored - so there is plenty of potential for more record breaking stones to be found.

People are increasingly fascinated by the "Big Three" precious gems- emeralds, rubies and sapphires, and the high-fashion industry is joining in, hungry for something rarer and more distinctive than lab-grown diamonds.

With the colored gemstone industry now enjoying annual retail sales of $18 billion-$21 billion, we're witnessing the age of color and the era of the 'new diamond'.

And smart money is getting in early, with heavy hitter Forbes & Manhattan backing the Fura Gems team that is leading this revolution. The diamond jewelry market, valued at over $80 billion in 2016, may soon have some competition.

Investors should pay attention because Fura is sitting at the top of some peoples' 'best gem stock' lists for 2018, and when production starts at its new acquisitions, it will be the start of a new era for Fura.

Here are 5 reasons to keep a close eye on Fura Gems (FURA; FUGMF) right now:

#1 Colored Gems with Diamond-Market Valuation