The price of any given sapphire is determined by, both, the provenance and the quality of the stone. While sapphires are accessible in various areas globally, only a handful of locations produce desirable, fine quality gems with Kashmir, Burma (Myanmar), Ceylon (Sri Lanka), and Madagascar being the most notable.
Kashmir sapphires are typically the most sought after and command step prices. For instance, the Imperial Kashmir ring is centered on a step-cut sapphire weighing 17.16 carats, which was sold at Sotheby’s for US$4,006,000. Both the allure and the price tag may be attributed to:
1. Their combined beauty of the vivid (royal or cornflower) blue color and velvety appearance
2. Their rarity (the mines were only active for a short amount of time and therefore supply is dwindling)
3. Their historical anecdotes and ‘brand name’
Besides Kashmir sapphires, Burma has several important locations that produce sapphires, the most famous being the Mogok Mine, with production dating back several hundred years. Ceylon, on the other hand, is home to one of the oldest sapphires mines in the world, known for producing some of the world’s largest stones in the world.
Identifying the origins of a gemstone is vital when it becomes an investment. Blue sapphires from Kashmir, Myanmar, Sri Lanka, and Madagascar are top investment choices as visually, their color saturation possesses the highest concentration of blue color possible. The beauty of these blue gems is further illustrated in stones that are spared exposure to heat treatment, intensifying its natural allure.