Thanks Vince, nicely cut oval...makes me very happy to look at your pics..I have banged on enough about how badly the majority of our Aussie opal is cut (by us Aussies). I love the way all you guys treasure every stone you cut and make it the most beautiful it can be...from opal to agates to Jaspers and everything in between.
I will put some perspective on opal prices. For many years I had an unlimited order for c and c plus grade triplets. When things were slow, I would buy large parcels of milky ‘grey’ material (mostly pinfire, but up to weaker red grey material)..for those outside the opal fields, this means white based milky material...
I would pay between Aud$80 to $150 oz depending on the size, which would cut around 30 to 35% c+ and the rest C. From this I had an unlimited ongoing order for all sizes from 6x4 through to 18x13. I sold millions of stones to just one large company. I used to get $1.00 for 8x6 up to $10 for C grade 18x13’s, about 35% more for C plus.
Here is the problem.. this same white based rough now goes at $650 to $800 an ounce.... and the large triplet buyers are not paying much more for the triplets..hence why I gave it away (triplet cutting in large volume) back in 2013.
Nowadays I only buy two or three parcels of rough a year. I buy the best quality rough I can get for solids and high quality doublets.
We have wound back our business and just cut for our own jewellery which my wife makes (jeweller). I think I would struggle now if I tried to re start my wholesale business, buying parcels, cutting triplets, solids and doublets and selling them to the mainstream wholesale buyers.
It would be just as difficult for me to follow my other business model which was to sell to manufacturing jewellers (custom jewellery), in the US....selling cut stones in regular small quantities, which I did for many years.
I think the opal prices whilst much higher, are probably about right. Opal mining has become increasingly prohibitive, in terms of operational costs, and in regulatory costs and physical impingement for want of a better word ( think rehabilitation, safe work etc).
Good cutting rough opal is very hard to buy, even for this bloke who served a 20yr apprenticeship in Coober Pedy married to second generation opal fields girl!
Australian Opal is a rare stone, and compared to other gems is seemingly expensive.
But does anything else really compare?
And is any stone as pleasurable to work with?
The piece below was bought by a friend of mine for six figures...after every other large buyer turned their nose up at it.
I have cut a lot of big parcels from Lambina (Opal field north of Coober Pedy not too far from Mintabie), and this is the biggest cleanest piece I have seen...isn’t it a beauty!
It is Lambina opal.
Cheers,
Mike