"New" Super-Rare Gem from Israel Selling for up to $1m

By John Jeffay / December 13, 2022 / www.idexonline.com / Article Link

(IDEX Online) - A "new" precious gem, found only in Israel, is now being sold in biblically-themed pieces of jewelry costing up to $1m.Carmeltazite was first discovered in 2014 at Mount Carmel, from which it takes its name, and has since been recognized by the International Mineralogical Association.Small quantities of the mineral are being recovered by the Shefa mining company at the Kishon mine.They're being marketed as Carmel-Sapphire by luxury jeweler HolyGems, which says the gem is so rare it can only make one-of-a-kind pieces.Carmel Sapphire is described as "a new and phenomenal gem in the market. Its mineralogical composition consists of the common sapphire (Corundum), but also accompanied by a group of new minerals, never before found on earth."One-of-a-kind pieces of Carmel-Sapphire jewelry offered online, without prices, include 18k gold earrings with 6.4 carats of Carmel Sapphire, decorated with 62 VS collection small diamonds, and a ring called Miriam's Tambourine, with 1.55 carats of Carmel-Sapphire, decorated with 12 VS collection small diamonds.The company says its Carmel-Sapphire jewelry costs $20,000 to $1m.Pic courtesy HolyGems

Recent News

Major investment banks make major gold price upgrades

April 15, 2024 / www.canadianminingreport.com

Gold stocks near flat as equities dip

April 15, 2024 / www.canadianminingreport.com

Revenue estimates for gold stocks have remained relatively flat

April 08, 2024 / www.canadianminingreport.com

Gold stock valuations remain low even after price surge

April 08, 2024 / www.canadianminingreport.com

Gold stock to global money supply far from bubble territory

April 01, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok