Impact of Covid-19 on Sapphire Mining Market: Applications, OpportunitiesPosted by mandar on April 5th, 2021 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. Request PDF brochure https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=15863 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. More Trending Reports
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