The Gemius IndexSAP

Sapphire

Four market segments for sapphire, Entry to Investor. Each shows its price index, market band and an example grade. Refreshed every quarter.

By market segment

Where a sapphire lands depends on its origin, colour, clarity, treatment and size.

Entry

Commercial
Price index106.0 1.4% qtr
Q1 2025: 100.0Q2 2025: 101.7Q3 2025: 101.2Q4 2025: 103.9Q1 2026: 104.5Q2 2026: 106.0
Q1 2025Q2 2026
Example grade (e.g.)ThailandStandard colorsTreated · SI clarity< 1 ct
Market band$90 to $300 / ct

Mid

Good
Price index114.0 3.2% qtr
Q1 2025: 100.0Q2 2025: 103.9Q3 2025: 102.8Q4 2025: 109.1Q1 2026: 110.5Q2 2026: 114.0
Q1 2025Q2 2026
Example grade (e.g.)Sri Lanka / MadagascarVS clarityHeated1 – 3 ct
Market band$910 to $2,100 / ct

Premium

Fine · Headline
Price index122.0 4.7% qtr
Q1 2025: 100.0Q2 2025: 106.2Q3 2025: 104.4Q4 2025: 114.3Q1 2026: 116.5Q2 2026: 122.0
Q1 2025Q2 2026
Example grade (e.g.)MyanmarVS – VVSUnheated3 – 5 ct
Market band$11,000 to $26,000 / ct

Investor

Extra-Fine
Price index130.0 6.1% qtr
Q1 2025: 100.0Q2 2025: 108.4Q3 2025: 106.0Q4 2025: 119.5Q1 2026: 122.5Q2 2026: 130.0
Q1 2025Q2 2026
Example grade (e.g.)Kashmir / top MyanmarVVS clarityUnheated3 ct +
Market band$76,000+ / ct

Price index base 100 at Q1 2025. Market band is the per-carat range across the segment. Example grades are illustrative, not an offer to buy or sell. As of Q2 2026.