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World’s Largest Blue Star Sapphire Found in Sri Lanka

Jan 5, 2016 9:49 AM   By Rapaport News
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RAPAPORT... The world’s largest blue star sapphire was discovered in Sri Lanka, the BBC reported January 4, citing gemologists in the country. The 1,404.49-carat gem is estimated to be worth at least $100 million and could sell for up to $175 million, the report said.

The precious stone, mined at the City of Gems — Ratnapura — in southern Sri Lanka, has been certified by the Gemmological Institute of Colombo, the nation’s capital.

"The moment I saw it, I decided to buy," the current owner, who wished to remain anonymous, was cited as saying in an interview with the BBC World Service's Newsday program. "When the stone was brought to me I suspected that it might be the world's largest blue star sapphire. So I took a risk and bought it."

The owner said it was "absolutely confidential" how much he paid for it. The previous record holder weighed 1,395 carats, according to the BBC report.
Tags: Rapaport News, sapphire, sri lanka
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