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One should also note that not all cobalt spinels are equal. There are less saturated, and unattractive cobalt spinels and there are fine ones, just like there are super neon copper bearing tourmalines, and ones that look like ordinary aquamarine but the "copper bearing" status makes them $$$$ as far as a dealer is concerned. One must always judge color first and foremost, regardless of the chromophore, and the hype behind the marketing of the gem.
Also beware of listings that state "cobalt blue" spinel, because that doesn't necessarily have to contain cobalt.
Also beware of listings that state "cobalt blue" spinel, because that doesn't necessarily have to contain cobalt.