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January 1, 2013

Part of the 1999 Industrial Minerals Review. A review of the state of the gemstone industry worldwide in 1999 is presented. According to the U.S. Geological Survey, the estimated value of natural gemstones produced from U.S. deposits in 1999 was $13.5 million. The estimated value of U.S. apparent consumption of gemstones in 1999 was $6.88 billion, an increase of 9 percent from 1998. World demand for gem diamonds is expected to continue to increase with the increase in populations and personal incomes in industrialized nations.