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

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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? 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 ------------------------------------------------------ #colombia #emerald #businessinsider #soexpensive MORE SO EXPENSIVE: Why Canada Goose Is So Expensive | So Expensive | Business Insider https://www.youtube.com/watch?v=psDt60SP_UI Why France's 'Lost' Marble Costs 20 Times As Much As White Marble | So Expensive | Business Insider https://www.youtube.com/watch?v=6f2jANwqhJE Why Oxtail Is More Expensive Than Ever | So Expensive | Business Insider https://www.youtube.com/watch?v=mXKIy9AMios Business Insider tells you all you need to know about business, finance, tech, retail, and more. Visit our homepage for the top stories of the day: https://www.businessinsider.com Business Insider on Facebook: https://www.facebook.com/businessinsider Business Insider on Instagram: https://www.instagram.com/businessinsider Business Insider on Twitter: https://www.twitter.com/businessinsider Business Insider on Snapchat: https://www.snapchat.com/discover/Business_Insider/5319643143 Business Insider on TikTok: https://www.tiktok.com/@businessinsider The Fight For The $150 Million Emerald Industry In Colombia | So Expensive | Business Insider