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Gadsden and his wife had convinced the New Mine Sapphire Syndicate to buy out the Yogo American Sapphire Company in 1914, and in doing so, the English syndicate gained control of all known Yogo deposits. They quickly recouped the purchase price by washing the tailings left behind by previous operators of the American Mine. [69] [70]
It is typically blue, but natural "fancy" sapphires also occur in yellow, purple, orange, and green colors; "parti sapphires" show two or more colors. The only color corundum stone that the term sapphire is not used for is red, which is called a ruby. [1] Pink colored corundum may be either classified as ruby or sapphire depending on locale.
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However, the biggest problem the Yogo mine faced was not competition from heated sapphires, but the fact that the Yogo stones could never produce quantities of sapphire above one carat after faceting. As a result, it has remained a niche product, with a market that largely exists in the US. [5]: 676–695
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FURA Gems is a private global mining company that produces colored gemstones: emeralds, rubies, and sapphires. [1] Founded in 2017 FURA has its headquarters in Dubai , United Arab Emirates, and operates mining subsidiaries in Colombia, Mozambique, and Australia.
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