Caram

Caram Caram is a dealer and manufacturer of fine gems and custom jewelry since 1975. In Germany and Hong Ko

I have loved spinels for as long as I have been in this trade. The reds of Mogok held me first, then the cobalt blues co...
07/09/2026

I have loved spinels for as long as I have been in this trade. The reds of Mogok held me first, then the cobalt blues coming out of Vietnam — and then, at a Hong Kong show a few years ago, a twenty-carat Mahenge spinel from Tanzania that I have measured pink stones against ever since.

Spinel spent centuries being mistaken for ruby. Today it is very much its own stone, and the reason collectors take it seriously is simple: it reaches the market untreated, and a fine one keeps its color in daylight, where most stones go quiet. That daylight test is the single most useful habit a buyer can bring to any pink gem.

I’ve just published a full guide to judging Mahenge spinel — what the name promises, how it sits beside pink sapphire and padparadscha, and what a lab report can and cannot document. Link in bio.

And if you would rather see the color than read about it: we are at Jewellery & Gem WORLD Hong Kong, 14–18 September, Fine Gem Pavilion, Booth 7R-28. Come by with your questions — daylight is not far from the booth.

FineJewelry JGWHongKong

I am quoted in JCK Magazine this week, in a feature on whether Tanzania’s Mahenge pink spinel is reaching American jewel...
25/08/2026

I am quoted in JCK Magazine this week, in a feature on whether Tanzania’s Mahenge pink spinel is reaching American jewellers again — alongside Christopher Smith of American Gemological Laboratories and Lambert Vissot, who works the deposit.

Mahenge has been treated as finished since the 2007 pocket. At the Bangkok shows late last year, more good material was arriving than that assumption allows for, and I bought accordingly.

Whether that is new mining, old German stock finally moving, or one good pocket working through the trade, nobody selling these stones can tell you with confidence. The piece is honest about that, which is why it is worth reading.

Link in bio.

FineJewelry

Almost every commission begins with the same question, and the honest answer surprises people: the cost of a bespoke pie...
17/08/2026

Almost every commission begins with the same question, and the honest answer surprises people: the cost of a bespoke piece is not a number waiting to be quoted. It forms, decision by decision — the stone, the design, the making — and understanding which decisions move it most is what turns a budget into a piece you’ll keep for a generation.

The full article walks through all of it, including the one thing worth deciding before you ever view a stone. Link in bio.

11/08/2026

Sri Lanka has produced sapphires for over two thousand years, and no other source yields so many colors. Blue built the island’s reputation. Padparadscha carries its most famous name. Lavender belongs to a smaller family of Ceylon colors that have no name to trade on — only the color itself, and the judgment of the people who recognize what they are looking at.

That is what draws serious collectors to a stone like this. Nine carats of clean, untreated sapphire in a true lavender is genuinely difficult to find.

We have handled sapphires for seven generations. Gems like this one are why.

To view it privately, we welcome you to contact Caram.

SriLankanSapphire ColoredGemstones FineJewelry GemstoneCollecting Connoisseurship RareGemstones

A new ring from Caram, built around an exceptional ruby of over five carats.The design is restrained on purpose. What ma...
07/08/2026

A new ring from Caram, built around an exceptional ruby of over five carats.

The design is restrained on purpose. What makes the piece uncommon is what sits at the center of it. The ruby comes from Winza in central Tanzania, a source that produced fine material for only a few years after 2007 and very little since, and it has never been heated. Untreated rubies of this size and this red are rare from any origin. From Winza they are rarer still.

A piece to wear now, and to pass on later.

To see it in person, we welcome you to reserve a private viewing.

JNA’s June market intelligence issue looked at why orange gemstones are drawing more attention this year, and I was glad...
02/07/2026

JNA’s June market intelligence issue looked at why orange gemstones are drawing more attention this year, and I was glad to contribute a view alongside others in the trade. The short version of what I told them: a pure orange is one of the harder colors to find honestly.

Most garnets carry a brownish cast. A clean, natural, unheated orange turns up rarely enough that matching two stones at the same intensity becomes a real pursuit rather than a routine one — which is part of why these gems reward the patience they demand.

Grateful to Sharon Kwok and the JNA team for a thoughtful conversation.

Informa Markets Jewellery Marie Rose Feliciano Gems Excellence

This week we’re at Jewellery & Gem ASIA Hong Kong with emeralds, sapphires, and rubies we’ve spent the season choosing —...
16/06/2026

This week we’re at Jewellery & Gem ASIA Hong Kong with emeralds, sapphires, and rubies we’ve spent the season choosing — a few held back for the right hands.

You’ll find us in the gemstone halls at Booth 3E-323, 18–21 June. Whether you’re sourcing for a house, building a collection, or after one exceptional stone, tell us what you’re looking for and we’ll have a selection ready.

Message us to arrange a viewing.

Estimate: USD 100,000–150,000.Sold: USD 2.178 million.At Bonhams’ Exceptional Jewels in New York this week, a ruby and d...
09/06/2026

Estimate: USD 100,000–150,000.
Sold: USD 2.178 million.

At Bonhams’ Exceptional Jewels in New York this week, a ruby and diamond necklace sold for as much as twenty-two times its high estimate.

The diamonds were the frame.
The five-carat Burmese ruby was the painting.

An auction house values what it can compare — the diamonds, the metal, the craft. But a Burmese ruby of this caliber is nearly impossible to replace at any price. Two bidders knew it. The room repriced the necklace around the stone.

Two weeks ago in Hong Kong, the same story. This week in New York, again.

Seven generations in, this is the world Caram has always known.



JewelryCollector Connoisseurship HeirloomJewelry BonhamsJewels ExceptionalJewels LuxuryJewelry

There is a sapphire I always slow down for.The padparadscha is named for the lotus, and its color rests somewhere betwee...
03/06/2026

There is a sapphire I always slow down for.

The padparadscha is named for the lotus, and its color rests somewhere between pink and orange — holding both, leaning into neither. It is among the rarest colors in the gem world, and one of the most quietly beautiful. When the balance is right, the stone seems to hold a soft light of its own.

A longer reflection on what makes one genuine is now on caram.de/blog

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