The Fight For The $150 Million Emerald Industry In Colombia | So Expensive | Business Insider

Colombia produces the world’s most expensive emeralds. The highest quality stones can be worth tens of thousands of dollars per carat. Miners have fought over these treasures for centuries, but in the past decade, foreign investors have modernized and consolidated the industry. The newcomers have brought safety and new jobs to the area, but there’s little left over for the communities around the mines. So what happens when foreign investors take over a $150 million industry? And can local miners gain a piece of it back?

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00:00 - Intro

01:12 - How Emeralds Form

02:22 - Fighting For Emeralds In Muzo

05:42 - Relaxing After The Voladora

06:48 - The Fight To Control Colombia’s Emeralds

09:54 - One Of The Biggest Emerald Mines In Colombia

11:11 - Artisanal Tunnel Miners

12:44 - Life As An Emerald Miner

15:40 - Modern Mines Are Changing The Industry

17:54 - Why Colombian Emeralds Are So Expensive

19:30 - A History Of Exploitation

20:43 - Life As A Guaquero

22:38 - Credits

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#colombia #emerald #businessinsider

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The Fight For The $150 Million Emerald Industry In Colombia | So Expensive | Business Insider