SPOTLIGHT 市场聚焦 GEMSWORLD | 34 | 2025 Brilliant blue sapphires are among the most coveted coloured gemstones in the world. While they come in a stunning range of colours – from sunset yellows to lavenders and rose pinks – the most celebrated shade worldwide is the classic celestial blue. Sapphires are primarily mined in Sri Lanka (Ceylon), Myanmar (Burma), Australia, Montana in the US as well as Tanzania, Madagascar, Kenya, Mozambique and Ethiopia in Africa. Market overview Despite overall volatility in global gemstone and jewellery markets due to economic and geopolitical uncertainties, the current outlook for blue sapphires appears steady. According to Dave Bindra, vice president of US-based B&B Fine Gems, demand remains strong for fine unheated sapphires although price resistance is finally setting in after two years of unprecedented growth. There is also limited supply of high-quality rough and polished sapphires across all colour categories. Major sapphire buyers are the US, Europe, Thailand, Sri Lanka and China. While country of origin is a factor, most sapphires currently in circulation come from either Sri Lanka or Madagascar, with subtle differences in value between the two sources. “The biggest challenge is finding the top 5 per cent of the market that everyone is after,” revealed Bindra. “Supplies are at an all-time low and, with many new buyers entering the sapphire space from the volatile diamond market, competition at the source has reached unprecedented levels.” Amid difficulties in the diamond industry, coloured gems are becoming an attractive alternative. Navneet Agarwal, marketing manager of Navneet Gems and Minerals Ltd in Thailand, said the entry of diamond buyers into the coloured gemstone market is affecting profit margins. He explained, “Supply has become problematic as a result. Fewer goods and increased and consistent demand from buyers are driving prices higher, with some customers unwilling to accept annual price hikes.” Yellow sapphire from Safaiyers; 24.71-carat Burmese blue sapphire from B&B Fine Gems (Photo credit: Jeff Mason Photography); sapphire rough from Safaiyers Safaiyers的黄色蓝宝石 ；B&B Fine Gems的24.71克拉缅 甸蓝色蓝宝石 (图片鸣谢：Jeff Mason Photography) ；Safaiyers的蓝宝石原石 | Isabella Yan | SAPPHIRES Scintillating future for 蓝宝石的闪亮未来 gBl loubeasl agpepmhsi rt eo sn ec ot nr at di neu, et ht oa nckosmt omtahnedi r ai nsht reor ne ng tpl yr er seegna cl ea pi np et ha el , versatility and value. 蓝色蓝宝石散发恒久高贵的魅力、搭配花样多变且 价值不菲，在全球宝石行业的地位继续稳如泰山。
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