What' going on with Mystic Topaz? Why are prices escalating and just why are so many consumers falling in love with this gem?
The market for Mystic Topaz (and it comes in 30+ variations) is on the rise due to Domestic and International Shopping Channels selling this gem in 24 hour marathons. Sell enough of anything and prices will go up - as will demand!
Another factor, which has turned this stone into a GEM - is the unique process which is used to create the wide variations of colors. There are only three licensed firms which can utilize the process to turn a (lifeless) clear Topaz into a dazzling array of colors!
The Tanzanite/Topaz Industry...
Interestingly enough, there appears to be more than just a few similarities emerging in the Mystic Topaz market - akin to that of the Tanzanite market.
There are three site holders controlling the Tanzanite market worldwide and in the Mystic Topaz market, there are three firms licensed to utilize the process in creating Mystic Topaz.
Tanzanite is a stone, which does not come out of the mines in the pretty purple hues and variation of colors we've become accustomed to seeing - it comes out of the mine and is heat treated to achieve its color! Topaz becomes "Mystic" due to a technique known as Physical Vapor Deposition. The Deposition is on the pavillion, which means that the table and the crown is natural topaz and quite resistant to scratching.
The price of Tanzanite has skyrocketed over the years and now Mystic Topaz and its colorful counterparts are heading in an upward direction as well. It may never be valued as high as Tanzanite but, considering current supply and demand, the price is escalating on a weekly and monthly basis.
Mystic Topaz Varities...
There are so many varities of Mystic Topaz that the industry is constantly coming up new names in order to "brand" each version of this popular gem. However, there are also those in the retail side of the business concocting their own names in order to reinvent a gem and market that gem with a new name to gain marketshare.
Desirable Sizes and Cuts...
Size does seem to matter when it come to Mystic Topaz! Collector's are buying up gems in all shades of the color spectrum and favoring gems 3+ carats. Large gems 3+ carats and up (generally to 10 carats) are being purchased by collector's and those seeking a colorful gem for pendant settings.
Something we never thought we'd witness is the come back of the Brooch! However, larger Mystic Topaz is now being scooped for Brooch settings!
We're now seeing Mystic Topaz necklaces coming onto the market, which are set in 18KT. gold and even Platinum! These beauties contain over 150+ carats of unbelievable sparkle and beauty. They are priced in the thousands and come replete with matching earrings, bracelet and ring!
The answer is as clear as a can be. The masses have finally found a gem, which is one of the top gems on the market today! It's affordable, durable, unique and collectible!
Buying Mystic Topaz...
It's not hard to find a gorgeous Mystic Topaz. Whatever color you prefer, whatever compliments your look, there's a Mystic Topaz just for you. Prices are determined on carat weight, as Mystic Topaz is made using "natural topaz". The larger the topaz in carat weight, the higher the price of the gem. In addition, the price may also be determined by the cut.
The Emerald Cut appears to be most popular and thus demand for the Emerald Cut Mystic Topaz (in whatever variation of color) is more expensive.
Loose Mystic Topaz...
The best way to buy Mystic Topaz is loose (without the setting). The setting is what drives up manufacturing costs. If you prefer your Mystic Topaz to be complimented by a silver setting, you'll save plenty of money by bringing your loose gem to a local jeweler and picking a setting (one that you prefer).
Keep in mind that there are so many color variations of Mystic Topaz available that if you seek to create earrings buy only matched pairs (sold together). In addition, be careful in choosing a setting in yellow or white gold. Bring your gem with you to the jeweler to ensure that the setting will compliment the variation in color of the Mystic Topaz you have purchased!