Surge in demand for Sapphires

18 November 2010 07:00 am - 12 - {{hitsCtrl.values.hits}}

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Sri Lanka can expect a surge in the demand for sapphires in the coming months, thanks to the engagement of Prince William to Kate Middleton. Jewelers around the world are being called on to make replicas of Princess Diana’s engagement ring, which was in turn used by her son to propose to his future wife.

“Sapphires are especially beloved in Britain and its former colonies, including Sri Lanka, which I plan to visit soon to buy more of the sapphires mined there. We are expecting an uptick in demand through the holidays,” The CEO of New York’s Natural Sapphire Co Michael Arnstein said.

Arnstein’s company supplies Sapphires to other Jewelers around the world who have been receiving similar requests. The company took calls from Britain, Canada, the United States and elsewhere requesting replicas of the ring.

The legendary engagement ring picked out by the late Princess of Wales is an 18-carat oval sapphire surrounded by diamonds.

Sapphires are rarer than diamonds but less expensive because demand for them is lower. (D.S)

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Comments - 12

yaminda Thursday, 18 November 2010 11:07 AM

:0)

Abdul Thursday, 18 November 2010 11:10 AM

Ok, Blue Sapphires with Diamond Clusters...finally your time has come

chris abey Thursday, 18 November 2010 07:46 AM

As usual we just jump to count our chickens before they hatch.

Bluff Bluff Thursday, 18 November 2010 07:46 AM

Thanks to M1, William must have saved a couple of million pounds!

mallie Thursday, 18 November 2010 07:47 AM

Marvelous idea..why don't we use the crown of King Sri Wickara Rajasinghe in the upcoming ceremony tomorrow..there will be massive upsurge in demand for all the gems!!

paramu Thursday, 18 November 2010 11:31 AM

Remember this Sapphire brought Charles - Diana divorce and finally took Diana's life.

Nilantha Thursday, 18 November 2010 08:17 AM

They are still benefiting for what their grand parents did to former colonials

Bakamoona Thursday, 18 November 2010 08:22 AM

All this halabulu now and after few years to divorce. ha ha

Senaka Wickramasingh Thursday, 18 November 2010 09:04 AM

Sapphires are not lucky for everyone. People should not jump into the thought of wearing it just 'coz it's the engagement ring of the future queen.

PRANANDU Thursday, 18 November 2010 09:08 AM

HARAMU HARAMU

Concerned Thursday, 18 November 2010 09:13 AM

You may not know sana, your mom and dad too had a extravagant wedding some years ago which kept us glued to the neighbor's TV then, as we did not have any at that time, but later we regretted the time we wasted!

keerthi wijesinghe Thursday, 18 November 2010 07:09 AM

Nice to hear that we are benifitted fro the Royal Wedding.

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Surge in demand for Sapphires

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