The Gemports Index (GPI) is an internationally recognized benchmark for colored gemstone valuation, supported by standardized units, aimed at making price comparisons of colored gemstones easier. GPI uses 2019 as its base year. Developed by Gemports as an extension of Gemports Information Services, GPI serves as a practical tool for tracking changes in the value of colored gemstones in B2B, B2C, and C2C markets.
Gemports Sapphire Index Q4 2024
GEMPORTS Press Release, March 12, 2025, Bangkok: For sapphire market overview in the fourth quarter of 2025, the price of high-quality grade sapphire weighing more than 5 carats increased due to a decrease in the supply of high-quality grade sapphire from mines around the world. While the demand for high-quality grade sapphire in the market was still high.
This was in contrast to the decline in demand for intermediate and commercial quality grade sapphires due to the uncertain global economic conditions. This has reduced the purchasing power of customers looking for these grades of Sapphires. As a result, the overall price of sapphires in 2024 increased around 39-43% compared to in 2023.
【Q4 2024 Analysis】
In the fourth quarter of 2024, sapphire price overview had no change compared to the significant increase at the beginning of last year.
【2019-2024 Analysis】
For Overview in 2024, sapphire prices went up to around 39-43% compared in 2023 in the first quarter of 2024 but then it started to remain stable after the second quarter of 2024.
For the market Trend in 2025, the price of high-quality grade sapphire will continue to increase due to the decrease in the supply and increase of demand on high-quality grade and large-size grade sapphires (more than 2 carats). The price of intermediate and commercial quality grade sapphires is likely to decline due to the downward trend in global economic conditions.
