Cobalt-rich spinel is found as a ∼200 µm inclusion, together with a glassy phase, in a gem-quality blue sapphire from Bo Ploi, Thailand. This is the first reported natural occurrence of such a spinel. Its composition is directly analogous with that of cochromite, a previously reported rare cobalt-rich chromite. The compositional ranges for the cobalt-rich spinel, obtained using electron microprobe and proton microprobe (methods described below), are Al₂O₃ 48.18–61.27 %, CoO 19.7–22.84 %, Cr₂O₃ 0–12.28 %, FeO 8.64–9.67 %, MgO 6.04–6.89, TiO₂ 0.49–0.73 %, Ni 2251–2532 p.p.m., Zn 335–371 p.p.m., Mn < 177–849 p.p.m., Ga 113–153 p.p.m., Nb 24–1252 p.p.m., Zr <4–167 p.p.m., Sn 22–428 p.p.m., As <4–56 p.p.m., Sr <4–59 p.p.m., Ag 13–64 p.p.m. Transition elements decrease in abundance from core to rim of the spinel while the other elements increase. Crystal chemical considerations suggest that a vacancy-creating substitution mechanism may be operative in the cobalt-rich spinel despite the small scale, i.e. 3Co²⁺ = 2Al³⁺ + ^[4]□. The glassy phase coexisting with the spinel is likely to be the product of heating by the host basaltic magma. The mode of occurrence of the cobalt-rich spinel prevents further physical investigation. This unusual spinel is considered to be the result of a complex magma mixing process in the lower crust.