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How have Sapphire values risen?
Also affecting the global supply of sapphires is the fact that gemstone production in Madagascar — which supplied the majority of the world’s sapphires for the past 15 years — has taken a real nosedive. Most miners have moved out of the area since the former government stopped exporting rough gems in 2008 in hopes foreign gem buyers would open cutting factories in Madagascar. Unfortunately, the global economic slowdown and political turmoil in the island nation kept investors at bay. Despite a lift on the export ban a year ago, miners are reluctant to return to sapphire production.
In Sri Lanka, the government stopped issuing mining licenses to most miners and put a hold on many old contracts, citing environmental concerns. As a result, operational costs are higher, which miners are passing on in higher premiums for the sapphires they do produce. Overall production is down, demand is up, resulting in a steep price increase and global value.
Untreated sapphires are actually rarer than diamonds and the prices on these stones are continuously on the rise, as with all sapphires, with no signs of slowing down. All of our loose sapphires could be considered investment grade as prices are rising on all sizes, but we certainly do have a few exceptional sapphire stones that would be considered major investments.HedgeStone has sourced an exclusive collection of quality Sapphires of extraordinary beauty and value for the Investment grade Program.