The entrepreneur and “Shark Tank” star will share his top tips for success.
Gemstone ‘Secrets’ Book Gets an Update
The second edition of gemologist Richard Wise’s best-selling Secrets of the Gem Trade: The Connoisseur’s Guide to Precious Gemstones is out today.

Lenox, Mass.--The colored gemstone market is dependent on a number of factors, and fluctuations in supply and demand mean that a lot can change in a decade’s time.
For this reason, one author has given his book on the market an update.
The second edition of gem expert Richard Wise’s Secrets of the Gem Trade: The Connoisseur’s Guide to Precious Gemstones, covering the criteria used by professionals to judge the quality and value of gemstones, is out now.
Brunswick House Press first published the book in 2003, and it became a best-seller. Wise has been traveling and researching since then, slowly compiling new information and updates for the next copy of the book.
“A number of things have changed in the gem world in the 14 years (since),” Wise told National Jeweler. “In a sense, the principles of connoisseurship and quality are immutable, right? They don’t change. On the other hand, what’s available in the market has changed.”
For example, the supply of rubies has changed greatly since he wrote the last book. At that time, Myanmar was the only real source. Now Madagascar has come online and is a major player in the trade, he said.
What’s more, only some of the Madagascar rubies look like Burmese rubies, which means that the guide to evaluating the gem needed to be updated to differentiate between the types, as well as the types from a few other sources that have since emerged.
He said that spinel has always been a “dealer’s stone”--they’ve been trying to sell it to people for years and not been able to do it.
“That all changed when Mahenge [Tanzania] came online, and the cobalt blues were discovered in North Vietnam. Now, all of a sudden, we have a 1,200 percent increase in the price of blue and pink and red spinels,” he said.
Wise added that the paradigm also has shifted on red spinel, as new sources produced stones that look less like rubies, which the market was familiar with, and have a greater saturation of color.
Additions also include sections on pearls--both natural nacreous pearls and conch pearls--which have seen a major resurgence since the last book was published, and a
Other stones added are moonstone, sunstone, colorless diamonds, Golconda or Type IIa diamonds, demantoid garnet, peridot and violet diamonds.
There also are five new introductory essays, including from the Gemological Institute of America’s Vincent Pardieu, and more than 100 new photographs.
Wise, who has visited most of the major and many of the minor gem-producing areas of the world, also authored The French Blue, in addition to having written many articles for publications like GIA’s Gems & Gemology, Lapidary Journal Jewelry Artist and Colored Stone magazine.
The 404-page Secrets of the Gem Trade is $99.95, available at Amazon, Barnes & Noble and most other major book retailers.
More information about the guide also can be found on SecretsofTheGemTrade.com.
The Latest

The Ukrainian brand’s new pendant is modeled after a traditional paska, a pastry often baked for Easter in Eastern European cultures.

The jeweler has announced a grand reopening for its recently remodeled location in Peoria, Illinois.

The “Strong Like Mom” campaign features moms who work at Tiffany & Co. and their children.


Interior designer Athena Calderone looked to decor from the 1920s and 1930s when crafting her first fine jewelry collection.

During a call about its full-year results, CEO Efraim Grinberg discussed how the company is approaching the uncertainty surrounding tariffs.

Bench jewelers spend years honing their skills, Jewelers of America’s Certification validates their talents.

The free program provides educational content for jewelry salespeople and enthusiasts to learn or refresh their diamond knowledge.

The feedback will be used to prepare other jewelers for the challenges ahead, the organization said.

The online sessions are designed to teach jewelers to use AI tools like ChatGPT and Claude to grow their business.

The opening marks the jewelry retailer’s first location in the Midwest.

The “United in Love” collection offers tangible mementos of hearts entwined with traditional and non-traditional commitment heirlooms.

Robert Goodman Jewelers will hold a “Black Jewelry Designers and Makers” event on April 27.

The announcements follow a tumultuous start to 2025 for WJA, which saw a wave of resignations following controversial statements about DEI.

Editor-in-Chief Michelle Graff answers questions about how the new taxes levied on countries like India and China will impact the industry.

Kenewendo, Botswana’s minster of minerals and energy, discusses closing the deal with De Beers and the work that was missed along the way.

The historic fancy vivid blue diamond set to headline Christie’s Geneva sale next month could sell for up to $50 million.

LVMH CFO Cécile Cabanis also discussed the effects of tariffs so far.

The “Mad Men” and “The Morning Show” star steals jewelry, art, and handbags from his wealthy neighbors in “Your Friends & Neighbors.”

An investigation found that the former managing director of Movado’s Dubai branch overstated and prematurely recorded sales.

The collection pays tribute to the Japanese philosophy of Ma, studying balance, stillness, and the interplay between presence and absence.

Mari Lou’s Fine Jewelry in Orland Park, a suburb of Chicago, is closing its doors.

GIA’s labs in Dubai and Hong Kong are now accepting larger diamonds in light of the “logistical challenges” presented by the new tariffs.

These earrings by Van Cleef & Arpels, featuring the same design as a pair worn by Princess Grace, are up for auction at Woolley & Wallis.

Two experts share how artificial intelligence tools can help retailers run a more efficient business.

“America Telling Time: 150 Years of Bulova” explores the storied history of the American watchmaker.