Thanks. That will do. My friend was quoted $6250 for a nice looking round cut blue sapphire of about 2.6 carats in size. Neither of us know how to grade sapphires (yet), but I suspect the price was way high because she said her prices "were similar to a retail store."
With colored stones you enter into a different realm of quality analysis, one which can often be more difficult than diamonds.
The main thing to remember is that three of the 4 C's of colored stones is Color, Color & Color. Clarity and cut take a far back seat, as long as neither is obviously out-of-whack.
Another factor which can greatly influence value on a sapphire is heated versus non-heated stones (to improve the color, and sometimes clarity). Fine non-heated stones will command hefty premiums.
Another factor is "country of origin". This can be a big deal. The order of importance runs something along these lines with the traditional sources. Kashmir > Burma > Sri Lanka > Thailand > Australia.
This of course is just a generalization, with plenty of exceptions, such as a fine Thai stone beating out a mediocre Burma stone. Some non-traditional sources which have been rivaling fine Sri Lankan & Burma stones are Cambodia and the recent Madagascar finds.
The Pala International site is a good educational site, in both their articles and the pictures of their inventory.
Rich, GG
Sarasota Gemological Laboratory
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