Yellow Sapphire – no heat, 10.04ct

Investment Thesis 📝

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Strong Return Opportunity Supported by Market Data
This investment is modeled over a 5–7 year horizon, leveraging historical sales data and recent market trends for vivid yellow sapphires with no heat treatment from Sri Lanka.

Balanced Scenario (CAGR, 2025–2030):
→ €47,686 | CAGR: 14.4% net p.a.

Optimistic Scenario (CAGR, 2025–2030):
→ €75,223 | CAGR: 19.5% net p.a.

With historical CAGRs for comparable sapphires averaging 11.3% (2010–2023) and a 19% entry discount to fair market value, the investment presents a net ROI potential of 14.4% p.a. after fees. The asset’s Sharpe ratio of 1.17 indicates a strong risk-adjusted return, supported by low historical volatility and robust collector demand for high-quality, untreated yellow sapphires.

Risk Profile and Volatility Benchmarking
Risk modeling uses the volatility observed in large-sample comparables of high-quality, untreated sapphires from 2010 to 2023, resulting in a standard deviation of 8.2%.
Value at Risk (VaR): There is a 95% probability that the asset’s value will exceed €23,400 after 5 years, offering meaningful protection against capital loss.

Asset Acquired Below Market Value via B2B Channel
The purchase price of €18,700 (plus fees) reflects a 19% discount to the estimated fair market value, as determined by five benchmark sales of comparable vivid yellow sapphires adjusted for carat and quality. This discount is achieved through privileged access to a B2B supply channel, enabling acquisition at wholesale prices significantly below typical B2C market levels. The asset’s premium characteristics, vivid color, eye-clean clarity, no heat treatment, and Ceylon origin, further support its valuation and liquidity.

Distinctive Features Enhancing Market Value
The vivid yellow sapphire is a rare and highly sought-after gemstone, especially in the no heat category, which commands a premium in the market. Its 10.04ct size, octagon cut, and certification by ALGT further enhance its desirability. Demand is driven by collectors and investors valuing natural, untreated stones with vibrant color and excellent clarity. The asset’s provenance from Sri Lanka, a renowned source for high-quality sapphires, adds to its exclusivity and market appeal.

Exit Options at Maturity 🚪

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We will manage the exit strategy in collaboration with our expert on behalf of our investors, ensuring the best possible outcome based on market conditions at the time. Depending on the prevailing market situation, the stone will be sold to a private buyer or offered as single lots at a gem-auction. An auction is considered if the price has developed to the point where the minimum bid matches the market value and there is high demand for works by the artist. Both options are carefully considered, and we will choose the one that maximizes the return for our investors.

Why Invest in This Category? 🎨

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Colored gemstones have long captivated investors and collectors alike, offering a unique blend of aesthetic beauty and financial security. Unlike traditional assets, their value is driven by rarity, cultural significance, and increasing global demand. The market for fine emeralds, sapphires, spinel and rubies has seen a steady appreciation, supported by limited supply and growing interest from emerging markets. Unlike diamonds, where synthetic alternatives pose a pricing challenge, top-tier natural colored gemstones maintain strong value retention due to their individuality and limited production. With auction records continuously being set, investing in premium colored gemstones is not just about appreciation—it’s about owning a tangible piece of history with enduring worth.

Why Invest in This Asset? 💎

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This vivid yellow sapphire stands out not only due to its striking octagon shape and impressive 10.04 carats, but also for its complete lack of heat treatment—an exceedingly rare trait in colored gems. Sourced from the legendary gem-rich soils of Ceylon (Sri Lanka), this piece is certified by ALGT and boasts “eye-clean” clarity, making it a top-tier specimen. Compared to commercial-grade yellow sapphires, which often rely on heat enhancement and present visible inclusions or uneven color zones, this gem delivers unrivaled visual harmony and purity.

Recent market comparisons highlight its investment-grade appeal: a more included and visibly banded 12.08ct Ceylon yellow sapphire currently lists above €36,000—nearly double the Splint Invest entry point. A 10.05ct Tanzanian counterpart trades at an even higher price, despite a less favorable origin and cut. In short, the current acquisition price of €18,685.50 (including shipping) offers significant upside potential relative to market comps.

With global demand surging for natural, untreated gemstones—especially from collectors in the U.S., India, and China—the rarity and provenance of this sapphire place it in a different league. Beyond beauty and scarcity, the appeal also lies in its exceptional versatility: suitable for both high-end jewelry or as a secure store of value. Low annual holding costs and documented insurance further enhance its appeal as a tangible, portable, and inflation-resistant asset.

Context in Time ⏳

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The growing trend toward natural and untreated gemstones is reshaping the fine gem market. In an era dominated by synthetic enhancements and lab-grown substitutes, collectors and high-net-worth individuals are increasingly gravitating toward untreated, high-carat, colored stones. This sapphire fits perfectly into that narrative—pure, natural, and rare.

Conclusion 🎯

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The 10.04ct vivid yellow sapphire combines iconic origin, treatment-free purity, top-tier clarity, and significant size—checked and certified. Positioned below market for comparable pieces, it represents both beauty and financial foresight. An extraordinary asset in a rising market.