Indium is very rare. Used for transparent conductors on displays etc. Is it really worth it to use it in a slightly better blue? In other words: does its current price really reflect all the future use we could get from Indium?
Indium is completely irreplaceable in LED's, especially in the LED's used for lighting, and also in other important semiconductor devices, e.g. in the GaN transistors that are now used in the latest miniaturized power bricks.
Currently the largest quantity of indium is used for the transparent conductors required in all displays, from smartphones to TV's and monitors. There are alternatives for this use, but all have various disadvantages, e.g. a lower lifetime or a lower efficiency.
I agree that wasting indium, which is probably the element with the lowest known resources compared to the known future needs for it, to make something like pigments, where there are a lot of mostly equivalent alternatives, is a serious mistake.