Are Montana Sapphires Valuable?


     There is a substantial and growing interest in American mined sapphire.  I know this because my company, Americut Gems, is a major supplier of Montana sapphire to retail jewelers throughout the United States.  One expression of this growing interest is the frequently asked question, Are Montana Sapphires Valuable? The purpose of this article is to answer that question.  The answer will be based on an examination of total worldwide sapphire production and comparing that with total production of American mined sapphire.  The difference between the two production totals will highlight how scarce American mined sapphire is relative to sapphires mined in most other locations scattered throughout the world.

Production statistics

     The production statistics I am using in this article are based on a report published in 2008 by the United States Geological Survey (Weight of Production of Emeralds, Rubies, Sapphires, and Tanzanite from 1995 Through 2005, Thomas R Yager, W. David Menzie, and Donald W. Olson).  According to the report, total worldwide sapphire production in 2005 was in excess of 25,000 kilograms.  Expressed in tonnage, total production was approximately 27 ½ tons.  And for those of us who would like to visualize what 27 ½ tons could look like we can imagine a row of 12-14 Teslas.  This is the number of Teslas, more or less, whose combined weight could approximate the total mined rough sapphire weight in the year studied. However, we need to remember that this row of Teslas represents the approximate rough stone weight.  You may remember that after the stones are mined they need to be cut and polished, and this reduces total mined weight significantly.  Total polished weight may be equivalent to no more than 2-4 Teslas.  

     Another factor that cannot be overlooked is the rejection rate of mined sapphires because of poor quality.  Many if not most mined stones are never cut and polished because of quality issues.  Rejection percentages vary from one mine to another.  Based on my own experience it would not be surprising if only 1-2 Teslas is the more accurate representation of the total annual mined weight of marketable cut and polished Montana sapphires.

     A word of caution is in order.  Acquiring completely reliable production statistics for sapphires as well as any other gemstone variety is extremely difficult.  The authors of the Survey acknowledge this in their introduction.  They cite the usual complications encountered in conducting gemstone production surveys.   These include the fragmentary nature of the industry, poor and unregulated governmental supervision, and the large amount of under reporting due to smuggling and other clandestine activities.  In fact, prior to this report the United States Geological Survey had never attempted to report production statistics on a country-by-country basis.  However, I feel that something is much better than nothing, and that the data provided by the survey is very instructive and sufficiently reliable for the purpose of this article.

     The report listed twenty sapphire producing countries.  The overwhelming majority of total production was from Africa, Asia and Australia.  The largest producer in Africa was Madagascar.  Sri Lanka was the largest producer in Asia.

Kashmir, Myanmar, Montana: Value/price/rarity

     In addition to production statistics the survey also discussed the relative value of the sapphires produced based on their country of origin. The report described a wide range of polished sapphire prices among the twenty producers.  The report identified the three most expensive sources as Kashmir, Myanmar (Burma), and Montana.  These three sources had the most expensive sapphires because of their relatively higher quality.  It was also a reflection of the relative scarcity of their supply. With gemstones, as with most everything else, value and rarity go hand in hand.  For example, these three most expensive sources were responsible for approximately 1500 kilograms.  This is  less than 6% of total worldwide production.

     Because my company, Americut Gems, is exclusively involved with American sourced (Montana)  sapphire, I was very interested to know what the total production was for each of these three “most expensive” sources.  Total production for the three was approximately 1500 kilograms. Kashmir and Myanmar (Burma) produced, in somewhat equal amounts, in excess of 1400 kilograms.  Montana’s total production was only 70 kilograms.  This is less than 5% of the 1500 kilograms produced by these three highest value sources.  I believe that if the production figures provided in this report were updated to reflect current production totals, the ratios would not be significantly different. 

     Based on production statistics reported in this survey, Montana sapphire is valuable by most any definition.  The extremely low ratio of Montana production to worldwide production makes it very  difficult to conceptualize.  Again, I need to visualize to appreciate.  Imagine a pile or layout of 360 sapphires.  The 360 sapphire layout represents a proportional sample of total sapphires mined throughout the world by the twenty sapphire producing countries identified in the survey.   Based on the production figures reported, only one of the 360 sapphires would have been produced in Montana.


     Are Montana Sapphires Valuable?  According to sapphire production statistics provided by the United States Geological Survey, Montana sapphires are valuable.  American sourced sapphire is miniscule compared to other sapphire producing countries.  If Montana production was double or triple the statistics cited in the report it would still be trivial.  Montana production would have to increase ten fold to match production in Myanmar or Burma in the years studied, and sapphires from both those countries have always been considered scarce.  Perhaps, on that criterion, Montana sapphire should be considered extremely valuable.

     Several noteworthy inferences can be drawn from the extreme rarity of Montana sapphire.  First, demand for Montana sapphire has been increasing.  More people are using them in engagement rings, anniversary rings, bracelets, and necklaces. It has become a favored gemstone for many designers because of its increasing popularity and the unique nature of each stone. 

     Second, most expensive high quality gemstones, including sapphires, are acquired with the expectation that they will be enjoyed for a lifetime.  Consequently, many consumers are very interested to know whether a particular gemstone of interest could reasonably be thought of as a store of value.  Montana sapphire is very reassuring in this respect. Depreciating values over time are less likely because of the scarcity factor and the prospective supply/demand outlook.  This feature of Montana sapphires has also contributed to the increased demand seen in recent years.

     Third, I know that many, if not most people attach special significance to finding gemstones that are uniquely personalized in the “one of a kind” sense.  This means having a sapphire that is so rare and unique that it is unlikely to be seen anywhere else, and especially today, a sapphire that does not look like it could be synthetic.  Traditionally, sapphires have been synthesized to look as if they had been mined in Sri Lanka.  Synthetic sapphires do not have a Montana sapphire look.

     This  “one of a kind” feature of Montana sapphire derives, first, from its extreme rarity as we have seen, and second, from features intrinsic to the gemstone itself. Everyone who has worked with this material knows that finding matching stones is very difficult, and sometimes impossible. Montana sapphires have color changing properties.  Hues and tones shift depending on the light source to which they are exposed.  Matching in one light source becomes undone when examined in a different light source.  This inherent difficult to match feature, together with limited availability due to scarcity, makes these American sourced sapphires the sapphire of choice for all those consumers who value or even insist upon their very own “one of a kind” gemstone.  

     Third, a growing number of consumers prefer purchasing products that are “grown locally”, protect the environment and mindful of the health and welfare of workers.  Montana sapphire once again takes pride of place with respect to each of these issues and is another reason for its high value and growing demand.

     These are some of the reasons growth in demand for Montana sapphire is unlikely to subside in the foreseeable future.  There are few if any reasons to believe dramatic increases in production are on the horizon and so rest assured Montana sapphire will be valuable for some time.

The All American Sapphire®

The All American Sapphire®: Exceptional Gemstones from Americut Gems

Welcome to the beautiful world of Montana sapphire! We are delighted to introduce you to the  All American Sapphire®®, a captivating line of Montana sapphire sourced and precision cut in the United States by Americut Gems, a renowned and ethical gemstone company.

Sourced from the Illustrious Potentate Mine in Montana, USA

The All American Sapphire® is sourced almost exclusively from the esteemed Potentate Mine LLC. in Montana, USA. Montana is renowned for its rich and diverse deposits of sapphires, and the All American Sapphire® beautifully captures the natural beauty and allure of these gemstones. With its breathtaking blue hues and exceptional clarity, the All American Sapphire® is a true testament to the unmatched beauty of Montana sapphires.

Expertly Cut for Optimal Brilliance

Rock Creek Sapphires
Special design cut ‘Secret Cove’

At Americut Gems, precision gem cutting is an art form, and the All American Sapphire® is meticulously cut to perfection. Our skilled master gem cutters enhance the full potential of each gemstone, maximizing its brilliance, fire, and scintillation. Every facet of the All American Sapphire® is carefully calculated to create a gemstone that radiates unparalleled beauty and sparkle.


Unmatched Beauty in a Range of Colors

The All American Sapphire® is available in a mesmerizing array of colors, ranging from deep blues to vibrant greens, rich yellows, and breathtaking bi-colors. This gemstone offers a kaleidoscope of hues, making it a versatile choice for jewelry design. Whether set in an engagement ring, pendant, earrings, or a statement piece, the All American Sapphire® is sure to captivate with its unmatched beauty and vibrant colors.

Ethical and Sustainable

All American Sapphire® special design cuts
Special Design Cut All American Sapphire®

Americut Gems is deeply committed to ethical and sustainable practices in the gemstone industry. The All American Sapphire® is sourced from the Potentate Mine LLC., which adheres to strict environmental standards. By choosing the All American Sapphire®, you can have the utmost confidence that your gemstone is not only visually stunning but also ethically and sustainably sourced.

A Treasure to Cherish

The All American Sapphire® from Americut Gems is truly a gemstone to desire. Its unmatched beauty, precision cutting, and ethical sourcing make it a gemstone of unparalleled value. Whether you’re a gemstone enthusiast, a jewelry designer, or someone who appreciates the finest gemstones, the All American Sapphire® is a true treasure that will captivate and endure for generations to come.

In conclusion, the All American Sapphire® from Americut Gems is a line of Montana sapphires that embodies the epitome of beauty, craftsmanship, and ethical standards. Sourced from the Rock Creek district in Montana and precision cut in the United States, these gemstones offer unmatched beauty in a range of colors. With Americut Gems’ unwavering commitment to ethical and sustainable practices, you can be confident that you’re investing in a gemstone that not only exudes exceptional beauty but also upholds the highest ethical standards. The All American Sapphire® is truly a gemstone to be cherished and treasured for its timeless allure and enduring value.

Are Montana sapphires good for engagement rings?

Yes, all sapphires, including sapphires from Montana, are very good as either center or accent stones in engagement rings for several reasons. With the exception of diamond, sapphires are harder than any other natural variety of gemstones.  This is important because gemstones, like anything else,  acquire surface scratches with wear. The harder the stone, the less vulnerable it is to being scratched.  Multiple scratches make gemstones appear dull.  Engagement rings are usually worn every day and so the hardness of Montana sapphire makes them good for engagement rings. Some people have wondered if Montana sapphire is too soft to be used in engagement  rings.  Clearly, the answer is no.

White Rock Creek Montana Sapphire

What factors make Montana sapphires good for  engagement rings?

Montana sapphires come in many shapes, colors, color tones and hues.  The color hues are often subtle combinations of color.  The popular teals are an example of this. For all these reasons consumers have a great variety of choices available to them.  Some Montana sapphires are white, others are nearly white and these hues are being used in engagement rings as alternatives to diamonds.  This trend has accelerated in recent years because of the availability of man made diamonds which are indistinguishable from natural diamonds.  

Compared with most of the other  popular gemstone varieties, sapphires’ index of refraction is relatively high and so they can display a diamond-like brilliance when properly cut.  Montana sapphire comes in many lighter tones and so is also a very good choice for an engagement ring for people who value brilliance.

 Another factor that is important to many people is an assurance that what they are purchasing has been produced in an environmentally responsible way.  In this regard, sapphires produced in Montana have pride of place.  Moreover, custody chains for Montana sapphire  are both shorter and more transparent than sapphires produced anywhere else in the world and so consumers can be more certain about their origin.

Are Montana Sapphires Rare?


     Accompanying the growing interest in Montana sapphires is a growing list of questions about them.  One frequently asked question concerns value.  The question usually takes the form, Are Montana Sapphires Rare?   Full disclosure compels me to acknowledge that I have a personal interest in the question.  My company, Americut Gems, has a large inventory of Montana sapphire which I use to supply my independent retail jeweler customers located throughout the United States.  I consider the question of value to be a very important one deserving a very thoughtful answer.  That is the purpose of this article.

What is value?

     Value is a broad term that could mean many things.  I think what is meant by value in this context is most likely one of two things.  It could be both.  If the value is equated with beauty, the question would be, Are Montana sapphires beautiful?  This is the aesthetic sense.  If value is understood in an economic sense, the question would be, Are Montana sapphires expensive?   

     My experience has been that some consumers are primarily interested in aesthetic value, others are more interested in monetary value.  Most have some measure of concern about both.  Obviously, the two concerns are interrelated.  Despite the adage that beauty is in the eye of the beholder, it is generally true that the greater the beauty, the more expensive the sapphire.

Are Montana sapphires expensive?

     Sapphires, like most commodities, acquire and hold value because of their rarity.  Generally speaking, the greater the rarity, the greater the value.  I explored this rarity=value theme in an earlier post where I compared the volume of Montana mined production with total worldwide production.  The comparison was based on a ten year study conducted by the United States Geological Survey.  In 2008, the last year of the study, total worldwide sapphire production was approximately 25,000 kilograms.  In the same year, Montana’s contribution to that total was 70 kiligrams, or 0.002%.

     It is hard for me, and maybe others, to visualize 0.002%, and so I suggested imagining an assortment of 350-400 sapphires.  The assortment would represent all of the sapphires mined everywhere in the world in any given year of the recent past.  Then, based on the production statistics just cited, we would recognize that only 1 of the 350-400 sapphires in the assortment could be called a “Montana” sapphire.  Visualized in this way, one can begin to appreciate just how rare Montana sapphire is.  

Montana sapphire value

     It is one of the reasons the Survey identified Montana sapphire, together with Burmese and Kashmir sapphires as being the most expensive in terms of average polished prices.  Rarity creates value.  Rarity also means that consumers generally cannot walk into most jewelry stores and see a nice selection of Montana sapphires, at least in finer qualities and larger sizes.  They will need to ask for them, in which case such inquiries are best placed with independent jewelers who have the resources to accommodate their requests.

     When people buy fine sapphires it is often in connection with life-changing events like engagement and marriage or recurring special occasions like special anniversaries.  They expect to keep, enjoy and wear them for a lifetime.  They are often passed down to future generations.  This very common life history of precious sapphire helps to explain the buyer’s concern with not only value but durable or lasting value as well.

     Because of these concerns, I know there are many people who would like to know more about this “rarity=value/lasting value” theme.  An informative, meaningful sequel to this theme must include a discussion about the sizes and qualities that could be expected from a given volume of mined Montana rough.  The size I am most concerned with is 1 carat + polished because that is where most of the demand is at the present time.

     Very little has been published about the size distribution and qualities of Montana-mined sapphire.  The most comprehensive survey I am aware of dates back more than a century.  Although the results of a similar survey today may not be the same, the parameters are such that I think sharing a brief summary of the report would be useful.

     The survey was based on ten years ( within a 1906 to 1923 timeframe)  of production records of sapphire mining operations in Granite county, Montana.  It was a large enterprise that managed to produce a total of 38 tons of sapphire rough, all of which were sold to be used in high-precision industrial applications.  The mine ceased operating in the 1940s after synthetic sapphire came into wider use.  The company’s records suggest that approximately 18% of the total production of mined crystals was of sufficient size to create faceted gemstones that would have weighed one carat or better.

     A more recent survey conducted in the 1970’s, in the same area by a different mining company was based on the extraction of 35 kilograms.  The purpose of the survey was to determine whether sapphire mining would be profitable.  Apart from size considerations, they concluded it would not be profitable because of the large number of unmarketable pale stones uncovered.  It was estimated that only 8% had sufficient color saturation to be sellable, a figure that seems very high based on my own buying experience. Because I am not aware of similar more recent studies that are in the public domain, my best resource available to explore these matters in more detail is my own buying and cutting experience. 

     My company, Americut Gems, has a large inventory of alluvial-sourced Montana sapphire.  I acquired this inventory by purchasing large volumes of rough material over a number of years and presided over all the processes required to transform this rough into a vast inventory of beautiful gemstones.  However, I do not imagine that because of this experience, all of my conclusions must be spot on to the last digit.  On the other hand, because of my experience,  I am confident that I can describe the rarity of Montana sapphire in such a way that interested persons can acquire a confident sense of, and appreciation for,  its lasting value.

     Production of Montana-mined, rough sapphire fluctuates from year to year.  For the  purposes of this article,  I am going to assume a yearly production of 500,000 carats.  I think that given this volume of rough, we can assume that approximately 6-7000, mostly brilliant marketable gemstones will be cut weighing one carat or more. They likely would have an aggregate weight of approximately 8400 carats, or slightly less than 2% of the total weight of the rough mined.  A large majority of these 8400 carats would be made up of stones weighing 1.00-1.25.  A minority would weigh 1.25-1.75, and relatively few, perhaps 5-7% of the total (500-600) would weigh 2 carats +.

     Given the worldwide demand for Montana sapphire, these numbers on their face imply extreme rarity and this implies lasting value.  But again, as in an earlier article,  it is hard for me to visualize the statistics.  But like before, I can use my imagination.  I know, based on the numbers, that if every billionaire in the United States wanted a 2 carat Montana sapphire, they would need to wait for two or three years of production to get all of their orders filled.  I know that if every American who bought a Jaguar last year wanted a Montana sapphire one carat or larger they would have to wait 3-4 years to have their orders filled. The same would be true of every American who bought a Mercedes Benz last year, except they would have to wait half a century to have all their orders filled, to say nothing of all Mercedes Benz buyers in future years who would have virtually no hope of buying a 2-carat sapphire in their lifetimes.

     I could go on. But enough of that. I am sure everyone gets the idea by now that Montana sapphire as described is quite rare, and that this level of scarcity should provide a comfortable level of lasting value.   Hopefully, this article will help put to rest those concerns people have who are buying fine sapphires they hope to enjoy for a lifetime.

Sapphire: Mine to Market Journey’s



Once a sapphire is mined, many things need to be done to it before it reaches its final retail destination.  It needs to be transformed from an unattractive, rough, rock looking crystal into a brilliant gemstone.   This usually involves cleaning, heating, cutting and polishing.  I have called this the mine to market journey.  It is a journey that every mined sapphire must take.  In the eyes of the public, it is an obscure journey and one that is not well known.  The purpose of this essay is to shed some light on that journey, light many consumers can use to make better sapphire buying decisions.

I am especially interested in describing the journey taken by sapphires mined in Montana (USA) and comparing that journey to the journeys taken by most sapphires mined elsewhere in the world.

I am very interested in comparing these two journeys for two reasons.  First, I own Americut Gems, a company that is a major supplier of polished Montana sapphire to retail jewelers who are mostly located in the United States. The  journey taken by sapphires mined in Montana is very different in several important respects compared to the journey taken by sapphires mined most anywhere else.  These differences are important.  Just how important and why they are important will become clear later.

Typical Overseas Journey

I will begin by describing the main features of the typical mine to market journey of sapphires mined in locations other than Montana.  The focus will be on production from countries in Asia and Africa because that is where nearly all gem quality sapphire is produced. (Thomas R Yager, W. David Menzie, and Donald W. Olson, “Weight of Production of Emeralds, Rubies, Sapphires, and Tanzanite from 1995-Through 2005”  United States Geological Survey)

Sapphires are mined commercially in no less than twenty countries.  These countries are widely scattered across the globe.  There are many mines in Asia.  The best-known Asian locations are Sri Lanka, Myanmar, Thailand, China, and Vietnam.  African nations that produce sapphire include Tanzania, Kenya, Nigeria, Malawi, and Cameroon.  The African nation of Madagascar is in a class of its own because of the huge volumes of sapphire it produces. Australia is also a significant sapphire producer.

Ratnapura- Gem Mine in Sri Lanka
Ratnapura- Gem Mine in Sri Lanka

After they are mined, most sapphires need to be cleaned and heated.  After they are cleaned and heated, all sapphires need to be cut and polished before they can be set in jewelry or sold as loose gemstones.  Sometimes these operations are completed locally where the gems are mined.  This is especially the case in countries where governments require that some or all of these processes are done locally.  However, enforcing these requirements has always been difficult because of gemstone smuggling.   This is especially true in countries where bribery of officials responsible for enforcement is not only possible but common.  Consequently, there have always been extensive clandestine operations where sapphires are removed from their countries of origin and shipped elsewhere for heating and cutting.

One of the major motives for shipping sapphires from one country to another, whether clandestine or straightforward, is to artificially enhance their value.  A good, real-world example would involve shipping a sapphire from Madagascar or Australia to  Sri Lanka.  As stated previously, Both Australia and Madagascar are primary sources of mined sapphire.  Many of the sapphires recovered in both  Madagascar and Australia look similar to sapphires mined in Sri Lanka.  If those Sri Lankan looking sapphires that were mined in Madagascar or Australia could be sold as having originated in Sri Lanka, they would sell for higher prices.  This pattern of price discrimination based on country of origin has created many chameleon sapphires and is one reason many mine to market journeys remain opaque.

  If sapphires are mined in countries that do not require local processing, they are usually shipped to distant heating and cutting centers like Bangkok in Thailand and Colombo or Ratnapura in Sri Lanka.  Whether clandestine or forthright, these sapphire mine to market journeys often involve multiple players.  Sapphires often change hands many times before they are finally presented to the public for sale as fully transformed beautiful, lively gemstones.  The chains of custody can be very complex and impenetrable.

Perhaps the most important implication these mine to market  journeys have  for consumers is that any attempt to retrace their sapphire’s  journey is most likely a  fool’s errand.  With some exceptions, retail sellers cannot know with certainty where any given sapphire they are selling was mined.  For some consumers, it is very important to know the journey.  Their motivations vary but may include concerns about fair trade, working conditions of the miners, and the environment.

Gem Lab Country of Origin Reports

If any given sapphire has sufficient value, a country-of-origin report from a reputable gem laboratory is probably the best solution.  However, most origin reports include the caveat that their conclusions are opinions.  This is because mines routinely produce sapphires with characteristics that are atypical for that mine, and instead display microscopic features that mimic characteristics that are more common in other mines.  

In addition, the problem of accuracy is compounded by the sheer plurality of mines in many different countries.  There is considerable overlap in sapphire DNA among these many mines. Consequently, despite much research and effort, mistakes are possible.  (Aaron C Palke, Sudarat Saeseaw, Nathan D Renfro, Ziyin Sun, and Shane McClure, “Geographic Origin Determination of Blue Sapphire”  Gems and Gemology, Winter 2019, Vol.55, No.4)

  Nevertheless,  gem lab origin reports are the best solution for most consumers who are acquiring sapphires that have been subject to the mine to market journey I have described.

The Montana Journey

The Montana mine to market journey is very different from the journey I have just described.  In some respects, it may be unique.  Because of these differences and this uniqueness, owners of Montana sapphire will be pleased to know that the chances of overpaying for a chameleon sapphire are too remote to be of concern. 

I mentioned at the beginning of this essay that Americut Gems is a major supplier of polished Montana sapphire to retail jewelers.  The company has a large inventory that consists exclusively of sapphire that has been mined in Montana.  There is no chance that sapphires in this inventory can get mixed up with sapphires that have been mined elsewhere.  As the owner of Americut Gems, I acquire all of this inventory from the mine after it has been cleaned.  I supervise all aspects of the heating and cutting operations.  All of these operations are done by American companies in the United States.

Potentate Mining LLC- Rock Creek Sapphire
Potentate Mining LLC- Rock Creek Sapphire

The chain of custody is short and transparent.  I can guarantee that all of the  sapphires purchased from my inventory were mined in Montana.  My guarantee is trustworthy and meaningful to my retail customers because of the shortness and transparency of the Montana mine to market journey.  Gem lab country of origin reports may be useful for a small number of the most expensive sapphires to preempt concerns that could arise in the distant future.  But for the vast majority of very fine sapphires, whose price tag may not justify the expense of an outside report, these trustworthy guarantees together with an understanding of their chain of custody will suffice in most cases to address customers’ concern about country of origin.

I have described the way things are done at Americut Gems to shed light on the general nature of the Montana “mine to market” journey.  Other sellers of Montana sapphire may have custody chains that are different from mine but it remains the case that the Montana journey is generally shorter and more transparent than those encountered elsewhere.  There are exceptions.  Some Montana mined sapphires are shipped overseas for both heating and cutting.  This occurs most often in the smaller sizes.  The motive is to reduce production costs. 

Summary and Conclusion

The purpose of this essay was to shed some light on mine to market sapphire  journeys.  Every sapphire takes this journey if it is to be changed from an  unattractive dull looking rock into a highly polished, brilliant gemstone.  First, I  described the journey most sapphires take that are mined in  Asian and African countries.  Next, I discussed the journey taken by sapphires mined in Montana.  I compared the two journeys.  I took special note of the differences in their respective chains of custody and the implications this has for country of origin claims.

 Nothing stated here should be construed as discouraging the purchase of sapphires that may have been mined anywhere in the world.  Choosing the right sapphire is a very personal thing, and once a choice is made, that choice may override any concerns, if any, about origin.  And for that large and growing number of individuals who have chosen to acquire sapphires mined in Montana, this mine to market discussion should give them a better understanding of what they have and a greater appreciation for the uniqueness of what they have selected.