How to Start a Gem Collection

Learn as much as you can about gemstones before you spend a dime. The Gemological Institute of America (GIA) offers advice on identifying and buying gems (see Resources below). The GIA also provides classes and books to further your knowledge.

Visit your local history or science museum to view its gem collection. Some of the finest gemstones are on display at museums across the world. By looking through the displays, you can get a feel for what kind of gems you are interested in collecting.

Decide what kind of gem collection you want to start. While you can build a diverse collection, it may be easier to focus on a particular gem, color of stone or type of cut.

Study the "four C's." Cut, clarity, color and carat weight determine the value of a gem. You will want to weigh each of these factors when purchasing a gemstone, but remember it's your collection. Always choose the gem you think looks best.

Buy consistently. The most successful gem collectors purchase new stones regardless of the market. If you consistently buy gems you like, your collection will grow and take shape into something you can be proud of while growing in value over the years.

Shop around. When you first start your gem collection, you might be focusing on more common gems that can be easily found. As your experience and confidence grows, you may venture into higher priced items. Compare the selection at various jewelers to find the best value and quality.

Invest in a case to display your collection. Choose between wall-mount glass-front cases, tabletop cases, or shelf cases with sliding glass doors. Look for a case with a good lock, and keep the key in a secure location. If your gems are extremely valuable, you might want to keep them in a safe rather than display them.

Take out an insurance policy on your collection if it has a high value. You want to be protected in the event that a gem is lost or stolen.