Sapphire Mining Market Trends and Forecast 2016 - 2024

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REPORT DESCRIPTION
Sapphire Mining Market: Overview
Sapphire is an aluminum oxide that falls under the corundum metal category. Under general use, sapphires qualify as a
jewelry item. Certain sediments or rock formations are the major natural sources for sapphires. Artificial or synthetic
sapphires are also manufactured for industrial purposes of the remarkable hardness of sapphires and of aluminum oxide in
general. These sapphires are used in some non-ornamental applications, including infrared optical components, such as in
scientific instruments, wristwatch crystals, movement bearings, and very thin electronic wafers, which are used as the
insulating substrates of very special purpose solid state electronics, especially integrated circuits and LEDs.
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Most sapphires come from countries with strict guidelines on how mining may proceed. In Sri Lanka, mining is regulated
so the land is protected from over-use. Here, sapphire mining is restricted to small-scale operations where heavy
machinery is forbidden. Natural untreated sapphires are rare and are mined in a manner that ensures a stable market and
secures the deposits for future generations. Strip mining such as in some emerald mining operations creates tremendous
environmental damage and only benefits a few large companies that have the capital for a large-scale operation. This
type of mining also results in a market that will fluctuate heavily when new deposits are found, as the new production will
flood the market and prices will drop. Some sapphire producing countries do not allow mining activities that damage the
environment or create unstable economic conditions. These responsible fair trade laws are regulated well and have
existed for years.
Sapphire Mining Market: Drivers and Restraints
The sapphire mining market is affected by certain positive drivers, namely the increasing demand of sapphire for the
production of jewelry and LEDs. Secondly, new deposits and mining sites have been recently discovered in parts of
Australia and South Africa that have attracted a lot of companies to start exploration and mining of the gem.
Despite the positive growth, the industry has been facing certain restrictions in terms of extraction methods and the
extent of extraction allowed. Government regulations have been put into place over concerns of ecological imbalance and
environmental hazards that sapphire mining has caused over the years.
Sapphire mining has had a major impact on agricultural lands as well. Intensive capital requirement and availability of
expertise for operations are also some of the factors that have hindered the progress of sapphire mining. Despite all the
limitations, new opportunities lie in store. With the advent of new eco-friendly mining technologies, sapphire mining could
see a spur of growth in the near future.
Sapphire Mining Market: Segmentation
Most of the world’s sapphire production and mining is carried out in Australia in the Asia-Pacific region followed by Sri
Lanka, Myanmar Thailand, Laos, Malawi and Cambodia. The state of Montana in the U.S. leads the market in the North
American region. No significant deposits have been discovered in Europe; hence sapphire mining there is limited. The
African region also boasts a significant sapphire production dominated by Tanzania, Kenya, Nigeria, Madagascar and South
Africa.
The sapphire mining market can be classified by the mode of mining undertaken for extraction i.e. from alluvial deposits
or from primary underground workings. Mining depends on the content of the surrounding materials and the depth of the
mine. Among these the shallow reserves can be penetrated by simple hand mining methods. Deeper ground is mined by
digging shafts, while some fields consist of large-scale open-cut mining lease operations involving the use of heavy
earthmoving equipment.
Sapphire Mining Market: Companies Mentioned in the Report
A few companies that are involved in sapphire mining are Sino Resources Mining Corp Ltd., Coolamon
Mining Pty. Ltd., Herbert Drilling Coy., The Natural Sapphire Company and Lapigems Gem Company
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data,
and verifiable projections about market size. The projections featured in the report have been derived using proven
research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and
information for every facet of the market, including but not limited to: Regional markets, technology, types, and
applications.
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Sapphire Mining Market: Overview Sapphire is an aluminum oxide that falls under the corundum metal category. Under general use, sapphires qualify as a jewelry item. Certain sediments or rock formations are the major natural sources for sapphires. Artificial or synthetic sapphires are also manufactured for industrial purposes of the remarkable hardness of sapphires and of aluminum oxide in general. These sapphires are used in some non-ornamental applications, including infrared optical components, such as in scientific instruments, wristwatch crystals, movement bearings, and very thin electronic wafers, which are used as the insulating substrates of very special purpose solid state electronics, especially integrated circuits and LEDs. View exclusive Global strategic Business report : http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=15863