How many sapphires are refined into gems a year?

The exact number of sapphires refined into gems each year can vary significantly based on market demand, mining output, and processing capabilities. Estimates suggest that several million carats of sapphires are produced annually, but only a fraction of these are refined into high-quality gemstones suitable for jewelry. The majority of sapphires are mined in countries like Sri Lanka, Madagascar, and Myanmar, contributing to the global supply. The refined quantity can fluctuate widely, depending on various factors within the gemstone industry.