Gemstone beryl. Gemstone pricing and value are governed by factors and characteristics on the quality of the stone. These characteristics include clarity, rarity, freedom of defects, beauty of the stone, as well as the demand for them. There are different pricing influencers for both colored gemstones, and for diamonds. The pricing on colored stones is determined by market supply-and-demand, but diamonds are more intricate. Diamond value can change based on location, time, and on the evaluations of diamond vendors. There are a number of laboratories which grade and provide reports on gemstones. Each laboratory has its own methodology to evaluate gemstones.
Gemstone industry in Greenland gemstone ruby. The native inhabitants continued to assist the European explorers with their ruby exploration, leading them to some half dozen locations, spread out for over a hundred miles along the southwest shores of Greenland, known as the Kitaa Coast. Ruby and pink sapphire are the red and pink varieties of the mineral corundum, an aluminum-oxide mineral Al2O3. The pink/red colour is formed in corundum by adding the element chromium to its crystal structure. Spectroscopy of rubies from the Aappaluttoq occurrence in Greenland confirm the presence of chromium as well as showing absorption in the UV region indicating high Fe