As per the picture posted at http://www.gemstonebuzz.com/forum/astrology/607/blue-sapphire-confusion#comment-528 , it definitely looks blue sapphire (cannot confirm if it is treated or not). It is an average quality which generally costs between Rs. 5,000 to 7,000 per carat. If they have also sent you a scanned copy of blue sapphire certificate then please post it here as well or ask for it.
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