Can any magnet achieve quantum levitation?

[TheAnalogKid2]

This video is so amazing i am simply awestruck by this phenomena, but i have a few questions. What makes it so that it can float and stay in the same position? Could you do this with any magnet or does t have to be the special saphire with gold coating for protection like in the video? And would you be able to put the magnet on a 90° and spin it or do superconducting magnets not work like that. Thanks!

 

[mfb]

It is a result of the Meissner effect in superconductors.

You can do it with every pair of magnet plus superconductor.

 

[DrDu]

You do not even need a superconductor for this. It also works with a sheet of graphite:
http://www.shinyshack.com/product.php?prid=211095&pn=Diamagnetic-Levitation-Kit