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Natural sapphires are graded and valued by a few factors. These include sapphire color, sapphire clarity, and also their cut and carat weight. A sapphire's country of origin is also taken into consideration when determining its value. Different grading systems are used to determine the quality of this precious gemstone, depending on what factor is being graded.
With this system, sapphires are graded according to different ranks. These include AAA, AA, A, and B qualities:
The most important characteristic to consider when determining a sapphire’s price is always its color grade. The best color for a natural blue sapphire is an intense, velvety, deep royal blue. This color of sapphire would be considered AAA quality, the rarest and most valuable. The second best color is a medium rich blue, or AA quality. Any blue sapphires that have a slight gray undertone fit into the A category. Finally, sapphires that have a very dark and opaque blue color are considered B quality grade. The 3 keys to color grading are identifying hue, tone and saturation. Color is graded on these factors face up on a white surface. The hue should be royal blue, the tone should be deep blue and the saturation should be even throughout the gem.
After color, clarity is another important factor that has an impact on a gemstone's price and rarity. There are three types of clarity grade for gemstones such as sapphires: Type 1 stones, Type 2 stones, and Type 3 stones.
Overall, most gemstones do have some type of inclusion, even if it isn't eye visible. Generally speaking, the fewer inclusions a gemstone has, the rarer it is. Thus, the price will be higher for Type 1 stones than Type 3.
Sapphires still fall into the general clarity grading for gemstones categories (Types 1, 2 or 3). However, there are more specific terms that are directly related to the clarity of sapphires. They include: concaves, eye grade, loupe grade and transparency.
There are different types of inclusions that sapphires can have. Needles are long, thin mineral deposits, which are referred to as silk inclusions and are the most common type. Silk inclusions can form interactions within the sapphire, known as the "star" effect. The price of a sapphire drops as it contains more inclusions, which affect the overall stability of the gemstone.
The cut of a sapphire refers to how well the surface is proportioned and polished. If a shallow- or deep-cut sapphire is poorly cut, it will be prone to light leakage. The best cuts of sapphire will always show optimal brilliance. They will look like they have more “life” to them. Sapphires with these cuts are rarer, and they are more expensive than inferior cut sapphires.
In terms of weight, sapphires are weighed the same way that diamonds are. The higher the carat, the more expensive the sapphire will be. Larger sapphires automatically have a higher carat weight, so they will always cost more.
The most common type of sapphire treatments is heat treatments, which are applied to remove inclusions and improve a sapphire's hue and saturation. This affects a sapphire’s color grade, which could considered one specific grade before treatment, but can jump up to a higher grade afterward. Heat treatment is such a common procedure for sapphires that it doesn’t affect their overall value. However, other treatments, such as diffusion treatments (applying a thin layer of color onto the surface of a sapphire) can affect their value.
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