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Ch. 22: Technicalities Gem Trading

Ch. 22: Technicalities Gem Trading Page of 280 Ch. 22: Technicalities Gem Trading Text size:minus plus Restore normal size   Mail page  Print this page
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Gem Trader
leather. Accurately balanced scales for weighing the gems are another indispensable item for any trader whose cargo is so precious that a five-hundred-millionth of a metric ton may make a difference to him one way or another of ten or twenty pounds. Most dealers have several sets of scales: one maybe for single stones, another in which to weigh whole parcels, small pairs handy for carrying in the pocket, and as often as not a pair of scales enclosed in a glass case so that no stray current of air or small floating particles of dust may unduly affect the delicately poised beam.
In the gem-importing trading centres like Antwerp, Amsterdam, Paris and London, the purchaser has the right, and not infrequently exercises it, of having the ac­curate weight of a single stone or of a parcel of gems determined by an unbiased third party. In the localities where the dealers have their professional clubs or associa­tions, an official appointed for the purpose does the weigh­ing and issues a certificate. In London, where no such club exists, the Jewellers' Section of the London Chamber of Commerce has established such a service for the conven­ience of the trade on payment of a small fee.
The price of semi-precious stones of the lower order is usually quoted per gramme or per ounce (thirty grammes go to the ounce). For semi-precious stones of the higher order and for precious stones the carat weight is the stand­ard unit. No less than five million carats go to make up a metric ton, which gives an idea of the smallness of the carat weight. The carat itself is subdivided into a hundred parts, any one of which is called a point. One "point"
Ch. 22: Technicalities Gem Trading Page of 280 Ch. 22: Technicalities Gem Trading
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