What is being reported as the world’s largest blue star sapphire was recently discovered in a mine in Sri Lanka. The jewel, weighing in at 1,404.49 carats, is estimated to be valued at least $100 million though some gemologists in Colombo are saying that it could potentially be sold at a price as high as $175 million.
An article published by CNN states that, according to local media, this particular blue star sapphire was found back in August 2015 in Ratnapura–a town in Southern Sri Lanka. Ratnapura is often referred to by its glamorous alternative title, the “City of Gems,” due to its flourishing gem trade.
The gem’s current owner, who wishes to remain anonymous, told the Ceylon Times (a Sri Lankan newspaper) that he initially felt nervous after he discovered that he was in ownership of the world’s largest blue star sapphire. He chose not to reveal how much he paid for the gem.
“The moment I saw it, I decided to buy. I suspected that it might be the world’s largest blue star sapphire. So I took a risk and bought it,” he later told the BBC. The owner stated that the sapphire was “destined to be a priceless museum piece” and that the stone is too big to be set jewelry.
The sapphire has also been nicknamed by the owner as “The Star of Adam”–a title inspired by the Muslim belief that Adam journeyed to Sri Lanka after being cast out of the Garden of Eden.
“The Star of Adam,” certified by the Gemology Institute of Colombo, is a grand successor to the previous record holder for world’s largest blue star sapphire, the one that now sits in second place weighs in at 1,395 carats.
Sapphires have seen a recent surge in popularity because of the Duchess of Cambridge’s (Kate Middleton’s) engagement ring, says National Gem and Jewellery Authority of Sri Lanka, leading to an increase in sales and demand for Sri Lankan sapphires worldwide.