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Home»CNBC Make It»How Crystals Became A Multibillion-Dollar Industry
CNBC Make It

How Crystals Became A Multibillion-Dollar Industry

October 16, 2019
The Tucson Gem and Mineral showcase is the nucleus of the mineral commerce within the US. 1000’s of miners and sellers from all around the world descend on Tuscan to purchase and promote crystals of every type sizes and values. In 2018, a three-and-a-half foot purple tourmaline crystal was up on the market. Specialists say some $5 billion price of crystals are offered in a three-week interval. How did therapeutic Crystals go from a holistic cottage trade to mainstream markets?

Historically, there have been two sorts of patrons on the showcase: Mineral collectors and high-end gem retailers like Tiffany’s and Cartier. However there’s a brand new wave of shoppers inflicting a type of mania within the gem and mineral market: healers.

The current wave of curiosity in crystals began within the 1970’s with white quartz. Since then, demand has continued to develop as a result of elevated curiosity in various therapeutic strategies bolstered by superstar endorsements.

There are a number of tiers of crystal sellers: On the low finish are on-line retailers who primarily deal in handsome however cheap stones ranging in value from $5 to $1,000. Within the center are galleries and high-end Web sellers. These crystals promote for $1,000 to $10,000. Something above $10,000 is on the very excessive finish of the market.

Whether or not or not the crystals have scientifically-proven metaphysical powers is up for debate however individuals are pouring giant sums of cash into them.

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