Emeralds

Emeralds

PRESENTAtion

RELATED TO ECONOMICAL IMPACT

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Historical and Cultural context

What about the history behind the popularity of these gemstones? Let´s discover it!

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History

the Emerald´s History in Colombia

• They were formed millions of years ago when magma deep in the earth´s crust cooled and solidified after certain minerals formed crystal

• Symbolizes power, immortality and eternal youth

• The extraction of emeralds in Colombia dates back to pre-Columbian times when the Muisca took them from the town of Somondoco for commercial exchanges

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Culture

There are some legends related to the emeralds

• Emeralds are also,part of the mythologyin our country.

• Fura and Tena is one of the most popular legends about it.

• Also there people who believe emeralds had curattive propieties.

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Characteristics And Qualities

qUALITIES

CHARACTERISTICS

• Color: One of the most important characteristics of Colombian emeralds is their color, as it consists of shades that become very desirable in people's eyes.
• Size: The size of Colombian emeralds is another characteristic that makes you fall in love.
• Clarity: Colombian emeralds have an "exceptional clarity" that makes them clean to look at.

• -The most important deposits in the world are in Colombia, where 55% of the emeralds sold are produced and the best quality specimens also emerge.
• -Emeralds are valued based on their color, purity, cut and size.
• -It stands out for having a green color with a vivid saturation and a tone that is not too dark.

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Economical Impact

How it helps to our economy

The value chain of emeralds has left significant contributions to the country’s economy and has been able to supply the international market. In addition, the geopolitical context is another important factor within the value chain since it allows the export of stone to other countries such as China and India

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Exportation

• Requires the presentation of proof of payment of royalities of 1.5% on its exportation as a document and support before the vuce. This percentage was establihed in article 17 of the law of 141 of 1994.

• It is transported to its mouth in extraction carts that are pushed by the Miners.

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Challenges and opportunities

About 15 yearsago, mining had been done in an artisanal way. At this time and in a very short time, the mimng and trade of emeralds has changes since the sector is showing a transformation in terms of emeralds thus showing a better attraction for foreign investmen to arrive

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Production process

How its the process

H I G H R I S K A C T I V I T Y ?

The exploitation of Colombian emeralds is carried out in underground operations with technification processes and new investments in some of the main mining projects in operation, such as the Puerto Arturo and Coscuez mines.

The process of emerald exploitation is made up of a series of activities classified as high risk and very difficult that require intense physical effort and dedication. All the work of emerald mining is very low-tech and practically depends on the hands, strength and courage of Colombian miners who risk their lives day by day in search of the green dream to offer the world the famous Colombian emeralds.

8%

Although it represents only 1 per cent of the world's workforce, mining accounts for about 8 per cent of fatal accidents on the job.

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Production Areas

CONCLUSIONS

After this information we can conclude that the production and export of emeralds in our country is a very important and relevant issue when talking about the economy, it is one of the pillars of it and has a secure future in the medium term. It is important to emphasize that because it is a natural resource, it is necessary to know how to manage it so that its production continues to generate profits

References

https://mineriaenlinea.com/rocas_y_minerales/esmeralda/

https://www.gia.edu/gems-gemology/fall-2017-colombian-emerald-industry

https://www.bizlatinhub.com/colombian-emeralds-2021-exports/

https://www.bing.com/ck/a?!&&p=346331ee86c595deJmltdHM9MTcwNzYwOTYwMCZpZ3VpZD0wODdiMDhiZi04ZDQ5LTYyYjktMDdhNi0xODg2ODk0OTZjM2ImaW5zaWQ9NTQ1Ng&ptn=3&ver=2&hsh=3&fclid=087b08bf-8d49-62b9-07a6-188689496c3b&psq=cuales+son+los+pa%c3%adses+que+m%c3%a1s+compran+esmeraldas+colombianas&u=a1aHR0cHM6Ly9lc21lcmFsZGFzZW5jb2xvbWJpYS5jb20vMjAyMy8wNC8xMC9xdWllbmVzLXNvbi1sb3MtbWF5b3Jlcy1jb21wcmFkb3Jlcy1kZS1lc21lcmFsZGFzLyM6fjp0ZXh0PTElMjBBbWVyaWNhbm9zJTNBJTIwb3RybyUyMGRlJTIwbG9zJTIwZGVzdGlub3MlMjB5JTIwZGUsbmFjaW9uYWxpZGFkZXMlMjBldXJvcGVhcyUyMGFkcXVpZXJlbiUyMGVuJTIwdW4lMjA2JTI1JTIwZXNtZXJhbGRhcyUyMGNvbG9tYmlhbmFzLg&ntb=1

https://outletminero.org/esmeraldas-procesos-en-mina/

https://esmeraldasencolombia.com/2023/04/10/quienes-son-los-mayores-compradores-de-esmeraldas/#:~:text=1%20Americanos%3A%20otro%20de%20los%20destinos%20y%20de,nacionalidades%20europeas%20adquieren%20en%20un%206%25%20esmeraldas%20colombianas.

https://www.anm.gov.co/?q=el-potencial-y-calidad-de-la-esmeralda-colombiana-es-una-mina-de-oportunidades-para-el-sector-en-este-2022

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Advances

Exports of Colombian emeralds hit $129 million in 2021

The 2021 figure is the highest seen since 2018, when exports totalled $142 million, and the fifth-highest annual figure seen over the past ten years. The best year during the last decade was 2015, when exports of Colombian emeralds exceeded $160 million (all figures in USD). Previously, the Colombian Association of Emerald Exporters (Acodes) had said it hoped for exports to reach $126 million in 2021 — $3 million less than the figure achieved.

• If you wanna know more about emerald exportation in 2021 click there!