Gem
quality corundum suitable for jewelry is rare, because
of this Sapphire and ruby command prices amongst the
highest in the world of gemstones. Between the two,
the ruby is more expensive as it occupies a much smaller
proportion of corundum’s color spectrum, with the rest
being appropriated to Sapphire’s blue and ‘Fancy’ colors. For this reason Sapphire offers some of the best value
available in the world of precious gemstones.
When stated without color prefixes the word Sapphire is usually used to refer to the blue variety of the
precious gemstone. Sapphires stated with a color prefix,
pink, yellow, green etc. are known collectively as ‘Fancy
Sapphire.’
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