SL yet to finalize its offer for world’s largest blue sapphire; envisages over US$ 100 mn

Sri Lanka is still negotiating with the Dubai-based company which has offered US$ 100 million for the ‘Queen of Asia’, the world’s largest natural corundum blue sapphire found in Sri Lanka, whether to make final deal.

State Minister Lohan Ratwatte who is currently in Dubai told the Daily Mirror that no final decision was taken into the company's offer to sell the ‘Queen of Asia'.

He said the officials and the owner of the blue sapphire are still at the discussion stage with the company for the highest offer more than US$ 100.

The State Minister said Sri Lanka is yet to decide to sell the world’s largest natural corundum blue sapphire for that offer and discussions are underway whether to auction the blue sapphire corundum at an even higher price.

The blue sapphire weighs 310Kg (1,550,000 carats) was displayed at the owner's residence in Horana in December 2021. 

Earlier, the owner, Chamila Suranga Pannilaarachchi, said that several local businessmen have offered US$100 million for this corundum. He also said that one of his French gem scientists valued the corundum at more than US$200 million.(Darshana Sanjeewa Balasuriya)