January 7, 2022
1 min read

Dubai offers $100 million for the world’s largest blue sapphire found in Sri Lanka

The owner of the stone recently said that one of the French gem scientists had valued the corundum sapphire at more than $200 million…reports Asian Lite News

The Sri Lankan government announced that it was in talks with a Dubai-based company that has offered $100 million for the world’s largest natural corundum blue sapphire named the “Queen of Asia”, which was found in the island nation.

State Minister of Gem and Jewellery Related Industries Lohan Ratwatte was quoted in the local Daily Mirror as saying that there has been no final decision taken by the government on the company’s offer to sell the “Queen of Asia”, but talks were ongoing between the company and the stone owner on its sale for a high price, reports Xinhua news agency.

Discussions were also underway on whether to auction the corundum blue sapphire at an even higher price, Ratwatte said.

ALSO READ: Dubai to enhance its status as a leading creative city

The owner of the stone recently said that one of the French gem scientists had valued the corundum sapphire at more than $200 million.

Officials last month said the stone had also attracted interest from potential buyers in China and the US.

The single crystal blue sapphire, which weighs around 310 kg, was unveiled in December 2021 about three months after it was found from a private land in Ratnapura, which is known as the “city of gems”.

The sapphire is presently stored in a laboratory owned by Sri Lanka’s National Gem and Jewelry Authority.

Previous Story

Turkey changes regulation for granting citizenship

Next Story

How ‘tawaifs’ in Jaipur are living their art

Latest from Dubai

Dubai Airshow to unveil flying future

Dubai Airshow 2025 will redefine the future of flight, showcasing eVTOLs, vertiports, and global innovations as the UAE cements itself as a leader in advanced air mobility….reports Asian Lite News Dubai is

Culture, careers and courage define Emirati women

The forum drew nearly 700 participants, including senior officials, government executives, academics and business leaders….reports Asian Lite News The Emirati Women’s Forum, held under the patronage of Her Highness Sheikha Manal bint

Dubai’s $1m AI film prize shocker

Dubai to Host 4th 1 Billion Followers Summit with $1 Million AI Film Prize and Expanded Global Agenda Dubai will host the fourth edition of the 1 Billion Followers Summit, the world’s

Dubai’s startup supernova

Marking its 10th year, Expand North Star cements Dubai’s role as a global hub for digital innovation, uniting startups, unicorns, and investors to shape the future economy….reports Asian Lite News Expand North

Dubai GDP jumps 4%

Dubai’s economy surged to AED119.7 billion in Q1 2025, driven by booming trade, real estate, and healthcare sectors, cementing its status as a global economic powerhouse….reports Asian Lite News Dubai’s economic growth
Go toTop

Don't Miss

NAMA launches Women’s inclusion Toolkit in MENA region

The Women’s Inclusion Toolkit was launched virtually in collaboration with

Warm Reception for Lankan Prez in Delhi

President Dissanayake is expected to hold crucial discussions with Prime