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Value of opaque purple sapphire or "fancy sapphire"

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Hey i am told that the sapphires i found in north carolina are worth 60 to 200 dollars per carat from a finished cabochon cut. My sapphire are varied in color but most of em are a deep violet or purple. I recently had one cut and set into a sterling silver mens ring and i paid 127 dollars to do it. Did i gain value or did i break even with the price. Curious.....the original stone wieghed 20 carats. Once completed the stone is said to be 3.5 to 4 carats which is around 80% smaller than the original, which is understandable due to the amount of work and time needed to shape and finish the stone. I will post a picture of the ring and two of my bigger stonesalt text

asked Sep 8, 2014 by RichardC (520 points)

1 Answer

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There are no clear rules as to when a gemstone is worth more in natural or polished into a gem. If it forms a beautiful crystal with good shape and is on a matrix, that will likely increase its value over a cut gemstone. But if it is rough and poorly crystallized, but will make a nice gem, its value will be increased if that is done. Judging from your rough ruby examples it appears you made the more cost-effective choice in this case.

answered Sep 10, 2014 by hershel (52,800 points)