Sapphire is the most valuable and profitable blue gemstone. It is an extremely attractive gemstone because of its fantastic color, hardness, toughness, and gloss. In the gem trade, Sapphire with no color prefix alludes to the blue variety of the mineral Corundum. In any case, the term Sapphire encompasses all other jewel varieties and color of Corundum too, apart from Ruby, the red variety of Corundum, which has its own name since ancient times.
You will regularly hear that the rarest and most costly sapphire is the pink-orange padparadscha from Sri Lanka. Be that as it may, while the padparadscha is exceedingly rare, the finest blue sapphires are the ones that get the high price at auction.
Gemstone prices at auction are always on the up, with various stones achieving amazingly high rates under the sled. Colored stones specifically are drawing in attention with rubies and sapphires setting records, while pink precious stones are turning out to be always looked for as supplies in Australia’s Argyle mine dwindle. There has been a great deal of enthusiasm for blue precious stones as of late.
In May 2016, the 14.62carat Oppenheimer Blue diamond stone sold for £40 million, turning into the most expensive sapphire gemstone ever sold at that price. It broke the world record already held by the Blue Moon jewel, which sold for £32 million in November 2015.
The business achievement of outstanding gem can as well be partially be ascribed to auction houses embracing the digital age. At the point when Sotheby’s New York partnered with eBay for its Magnificent Jewels deal in April 2015, it accomplished an in-house record, and most other significant auctioneers now acknowledge virtual offers, giving their base of potential purchasers a genuine support. In any case, it’s surely an exciting time for fine gems’ most stupendous stones.
The Oppenheimer Blue diamond was sold for a world record aggregate of £40 million in May 2016. The emerald stone once had a place with Sir Philip Oppenheimer, and sold in 25 minutes to a mysterious private authority.
Recorded below are other sapphire rounds up record-breaker in the previous year.
Named after a sonnet of the same name, the Sunrise Ruby was sold at Sotheby in May 2015 for £19.6 million ($30 million). The stone a 25.59-karat Burmese ‘pigeon’s blood’ ruby mounted via Cartier broke the world record, tripling the cost of the past record-holder the Graff Ruby. It as well broke the world auction record for cost per karat of any ruby and turned into the most costly Cartier gem ever auctioned.
The rarest of all colored diamonds precious stone are red jewels, so it’s nothing unexpected that the heart formed 2.09 karat Fancy Red VS2 precious stone by Moussaieff was sold for an amazing £3.4 million ($5.4 million) in Nov 2014 at Christie’s Hong Kong. This remains parts a record cost for a red diamond and per karat.
No less than three times bigger than other known stone of its kind, The Orange, a 14.80 karat Fancy Vivid orange diamond was sold for £23.35 million at Christie’s in Nov 2013. The diamond additionally set the record for an aggregate cost for any orange jewel ever sold in that year.