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The Sapphire market is a subset of the Jewelry and Watches industry, focusing on the use of sapphires in jewelry and watches. Sapphires are a type of gemstone, typically blue in color, and are the second-hardest gemstone after diamonds. Sapphires are often used in engagement rings, as well as other types of jewelry and watches. Sapphires are also used in industrial applications, such as watch movements and laser components.
Sapphires are mined in many countries around the world, including Sri Lanka, Madagascar, Thailand, and Australia. The quality of sapphires is determined by their color, clarity, and cut. Sapphires are graded on a scale from A to AAA, with AAA being the highest quality.
The Sapphire market is highly competitive, with many companies offering a wide range of products. Some of the major players in the market include Tiffany & Co., Cartier, Bulgari, Chopard, and Harry Winston. Other companies in the market include Graff, De Beers, and Zales. Show Less Read more