In 2016, prices for the same unheated sapphire from Madagascar are being offered well over $1000 USD per carat, even at wholesale.
Generally, fine unheated sapphire of any size cannot be found for under $1000 per carat, especially nowadays, when unheated sapphire of any weight is considered a rarity. It was priced at $5575, which again was an absolute bargain. A second unheated piece was a 6.33-carat rich blue sapphire with a hint of green and a clarity grade of IF. We had it priced at $965, which was unusually low, and this resulted in a quick sale. Usually, a Sri Lankan or Ceylon yellow sapphire price in India starts from 2,500 per carat (40 approx.) and goes up to 30,000 per carat (460 approx.) and even above.
It was a beautifully-cut round faceted stone, a shape that typically commands a high price. One piece was a stunning violet blue color, 2.62 carats in weight and of VVS clarity. Several years ago, we acquired some outstanding gems from the Diego-Suarez Mine in Northern Madagascar. It difficult to state typical market prices for very fine unheated sapphires, especially since they are so rare.
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