Once thought to have strong medicinal and protective powers, the coveted sapphire is one of the most sought after gemstones in the world. New York Loan Company, a luxury collateral lender in Manhattan, both purchases and lends against these stunning stones. The GIA certified gemologists on staff at this high-end pawnshop share their knowledge and expertise with their clients on a daily basis and in turn want to share it with you.
- Sapphires come in almost every color – blue, red, yellow, orange, green, white, purple, and pink. Red sapphires are actually known as rubies. The most valuable color of sapphire is an orangy pink shade called ‘padparascha’, which can fetch unbelievable prices at auction.
- There is such a thing as color-change sapphires. These stones, much like the popular alexandrite, change color depending on the light. In natural outdoor light they may look blue or green, and in incandescent light may appear purple or pink. In 2012, one of these stones sold for over $60,000 at Christies Auction House.
- Sapphires and rubies are actually the mineral corundum, a crystalline form of aluminum oxide. Trace elements of iron, chromium and titanium give these stones their various colors and attributes.
- Deep blue sapphires are largely associated with royalty. The British Crown Jewels for instance have many stunning blue sapphires, and Prince Charles gave Princess Diana a beautiful dark blue sapphire as an engagement ring; the same ring is now worn by Kate Middleton.
- Sapphires are coveted gemstones of jewelry designers both large and small. Luxury retailers like Cartier, Van Cleef & Arpels, Graff, Harry Winston, and Bulgari use all variations of sapphire in their design.
New York Loan purchases, lends against, and sells these beautiful stones our of private offices in Manhattans Diamond District. For large, high quality gemstones, they ask that you send your AGL, GIA, or Gubelin certification beforehand. Please email email@example.com or call at 212-997-5626 for more information.