Story carried by National Duniya Newspaper on Fake Gemstones in the Indian Markets
We shall showcase relevant industry news from now on through the blog. The following piece was published in the Hindi daily National Duniya on 12 th Jan 2013 on page 12. Clicking on the image shall give you the full sized clip. For benefit of patrons who are not conversant with Hindi , the Gemstoneuniverse team has literally translated the piece into English.
Quantum of People trying to get good luck through glittering Gemstones is increasing.
Heated, Treated Everything available in the market
The business of magic, tona totka has also increased.
Indian Markets are flooded with fake Gemstones
When an individual starts losing hope on tomorrow and one’s own strength he takes recourse to God. To climb the ladder to success in an instant, One takes recourse to Astrology, Tantra Mantra, Magic etc. All across TV channels and several other places there is a flood of Yantras and Gems that bring success.
Due to this reason in Karol Bagh , a Gem testing Lab-IGL has got increased business. Associated with the lab for a long time Sumant Jha admits that these days the demands for Stones, Rudrakshas, Three legged frog, tortoise and other Feng Shui Items has increased but heated and Treated Gemstones and other fake gemstones have come into the market.
According to a source working in the Gem and Jewellery Export Promotion council(GJEPC), the faith in Astrology is seen in the prosperous and the well off segment of the society. Out of 10, at least -7 people are wearing Gemstones. Bureaucrats to businessmen are wearing Gemstones. Political leaders of considerable strength and repute to bureaucrats are sporting Gem studded rings to increase their fortune.
Due to this reason the Gemstone market is growing any where from 13% to 50% per annum. He says that in New Delhi alone the market for Gemstones and feng shui items is around 1000 crores.
However Gem expert Sumant Jha states that even though the market is growing the presence of fake Yellow Sapphire, Emerald and Ruby is increasing. The numbers of experts who can distinguish a fake gem from an original are diminishing. In some labs Gem are being synthetically manufactured. Even 1 mukhi Rudraksha to 11 Mukhi Rudraksha fakes can be manufactured and these fakes are being sold at very high prices.
Sumant Jha states that wearing of Gems has a scientific foundation. Due to gems the rays of the Sun can be harnessed at a rapid speed hence that the gem has an effect is Natural. Three legged frog, tortoise, 1mukhi Rudraksha and Gems like Blue Sapphire are original then it does not take much time to get good fortune. He even claims that Gems are used for treatment of medical conditions.
Acharya Preetam Dev Shastri states that 10 years back people coming for consultations was quite less but the numbers of such people have suddenly increased. Most of the people have a desire to get rich fast or for getting promotion in career.
Sambhavanand has a different take in on this. He believes that the system of the country is weakening. From Education, health care facilities to several areas are in a downfall but the desire of individuals towards prosperity has increased. This is the reason that the demand for gemstones has increased.
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