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

Previous Story

Turkey changes regulation for granting citizenship

Next Story

How ‘tawaifs’ in Jaipur are living their art

Latest from Dubai

Danube Set for 11 Dubai Handovers

Danube Properties plans to hand over 11 Dubai projects within 12 months, highlighting its focus on timely delivery, quality developments and customer commitments….reports India Daily News Desk Danube Properties is set to

New watchdog to power Dubai longevity

Dubai establishes a dedicated longevity authority to regulate advanced healthcare and attract global investment, aiming to lead innovation in life sciences, wellness and healthy life expectancy, reports Asian Lite News Desk Dubai

Dubai speeds up visitor visas to 48 hours

The General Directorate of Identity and Foreigners Affairs (GDRFA) confirmed that visitors can now obtain single-entry tourist visas valid for either 30 or 60 days through a simplified application system, reports Asian

Emaar to launch Dh200-billion project in Dubai

Emaar Properties has unveiled plans for a Dh200 billion masterplan development in Dubai, describing it as its most ambitious project to date. The scheme will feature residential, commercial, hospitality and community facilities,

Kiku Sharda Joins Danube’s Elite Homeowners

Comedian Kiku Sharda joins a growing list of global celebrities investing in Dubai property, as Danube Properties completes another residential handover in Arjan, reports Asian Lite News Desk Popular comedian and actor
Go toTop

Don't Miss

Expo set to celebrate glittering Diwali

India Pavilion at Dubai Expo 2020 reveals that it will

Dubai sees 4.6% GDP growth in 9 months

A growth of Dh307.5 billion recorded during the first nine