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Although the Colombian emerald trade has a rich history that dates as far back as the pre-Columbian era, the increase in worldwide demand for the industry of the gemstones in the early 20th century has led prices for emeralds to nearly double on the global market.
Gilberto Molina Moreno (February 27, 1937 – February 27, 1989) was a major Colombian emerald magnate who was intimately connected to the notorious Medellín cartel and widely suspected of involvement in drug trafficking during the 1980s.
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Víctor Carranza Niño (8 October 1935 – 4 April 2013), often referred to as Don Víctor was a Colombian emerald dealer and the owner of emerald mines in the Boyacá mountains (a forested area not far from Bogotá), widely known as Colombia's "emerald czar." The economy of the area around the mines is dependent on the trade.
The Las Pavas, also called La Pava (Spanish: Mina La(s) Pava(s)), [2] is a Colombian emerald mining area that is neighboring Colombia's largest emerald mine, Puerto Arturo.It is located 200 kilometres (120 mi) northwest of the capital Bogotá in the western emerald belt of Muzo, and about 235 kilometres (146 mi) west of Chivor, which is in the eastern emerald belt.
Colombian emeralds are known around the world for their quality and the best can be sold for thousands of dollars, though most people in the industry aren’t wealthy. “There are months or years ...
La Pita has been one of the biggest contributors to Colombia's emerald production at times producing more than 80% of the total output of emeralds in Colombia. La Pita was discovered when an access road was being built, the workers and owners of the land descended towards Río Minero and noticed a yellowish patch of earth accompanied by the ...
Gachalá municipality in the Department of de Cundinamarca, Colombia. The Gachalá Emerald, one of the most valuable and famous emeralds in the world, was found in 1967, in the mine called Vega de San Juan, located in Gachala, a town in Colombia, located 142 km (88 mi) from Bogota. Gachalá Chibcha means "place of Gacha."