Madagascar is considered the latest major gemstone-bearing region in the world. In 1998, a new sapphire field containing sapphires of the highest quality, as well as a number of other types of precious gemstone, was discovered in south Madagascar in Ilakaka about 230 Km. northeast of the port city of Toliara.
The deposit of sapphires in south Madagascar, due to the quality and the size of the deposits, is considered as the greatest find since the discovery of sapphire in Sri Lanka and Burma.