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

6 January 2022 07:35 am - 24     - {{hitsCtrl.values.hits}}

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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)

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  Comments - 24

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  • MirakRajBanda Thursday, 06 January 2022 07:54 AM

    Hang on a second, why the government or Rottiwatte involves in this private matter? The corrundum belongs to one who found it not the state.

    Kps Thursday, 06 January 2022 08:09 AM

    I guess the when it comes to mineral rights state can always interfere. You can buy a land but not the mineral rights

    Spartacus Thursday, 06 January 2022 08:12 AM

    If Lohan is involved we know it will be a deal where commissions are involved. Obviously the delay. The gem will be undervalued by a few millions

    FOREX Thursday, 06 January 2022 08:13 AM

    He better sell if off and run before the government confiscate / acquire and use the amount to pay off the debt which matures on the 18th here can easily youse the money to obtain residency in US,UK, Canada etc as an Investor

    Ranjan Thursday, 06 January 2022 08:36 AM

    Primarily Mr Lohan Ratwatte is a culprit..! Who was sacked from his post.. I wish the Lankan Government use this funds in a right channel to our fallen economy..!!

    Sandy Thursday, 06 January 2022 08:50 AM

    Like a dog looking at meat politicians look at money

    Patholayar Thursday, 06 January 2022 08:53 AM

    They will not be able to sell this rock for the predicted amount. This is just a gota gimmick just like Easter attack..

    Seqi Thursday, 06 January 2022 09:13 AM

    In the not too distant future.... pure fresh water will have more value than glitter....

    Bandara Thursday, 06 January 2022 09:54 AM

    Do what Forex said, Tell the buyer to transfer money to a foreign account, Go to US embassy in colombo, Tell you are scared to live here and ask for an investors visa. They will relocate your family and Do a business in US and live happily.

    sacre blieu Thursday, 06 January 2022 10:07 AM

    Do not misguide,misdirect or defraud the owner of his legitimate value to this find. Also, see that there is no strange professional fees concocted to play out the owner. See that he receives the correct financial information and sound investment advice. Best wishes tohim.

    sacre blieu Thursday, 06 January 2022 10:07 AM

    Do not misguide,misdirect or defraud the owner of his legitimate value to this find. Also, see that there is no strange professional fees concocted to play out the owner. See that he receives the correct financial information and sound investment advice. Best wishes tohim.

    Arnold Thursday, 06 January 2022 10:34 AM

    Only people with IQ of zero must be voting for these jokers.

    Jehan Thursday, 06 January 2022 10:43 AM

    Bs. It’s an eye wash

    D S de Silva Thursday, 06 January 2022 10:55 AM

    Every thing is a deal, these culprits are there to rape and destroy mother Lanka.

    Jayapala Attanagoda Thursday, 06 January 2022 10:56 AM

    All problems of SL will be over very soon! Good man in Dubai to negotiate the deal instead of sacking from the government? Happoy - Ape Rate Anagathaya Anenna wageda?

    Dam Thursday, 06 January 2022 11:26 AM

    Probably unable to decide how much Rajapakse's share

    MirakRajBanda Thursday, 06 January 2022 11:26 AM

    Gem mining involves mining authorisation from PC and a fee and you're the owner of whatever you dig big or small.

    Dilshan Perera Thursday, 06 January 2022 11:46 AM

    Best for the businessman to have Lohan shot abroad and disappear the body..

    eresh S kumara Thursday, 06 January 2022 12:35 PM

    Either with the government interference this must be a good chance as a country to get some dollars in

    Lanka Thursday, 06 January 2022 12:44 PM

    Is it enough to cover all loans and debts? not at all? why then too much talk about it.

    Lion Thursday, 06 January 2022 12:55 PM

    Ratwatte may be having discussion with the owner for his share in this deal.

    Jehan Thursday, 06 January 2022 01:24 PM

    There was a businessman killed-owner of exotic cars by Lohan and yoshitha, the property of the businesses man was sold by these two, and the charges for lawyers and expenses paid from temple trees. The guys wife was also involved in killing thajudeen. The body was dumped on the Easter bombing day as another bomb victim.

    Raja Pukka Saturday, 08 January 2022 02:50 AM

    The Lion's share of the deal goes to RATwatte. Otherwise, what business does he have in this? The owner is not free, and may disappear after the deal.

    Nandasena Hora Wednesday, 12 January 2022 02:12 PM

    The payment can be a direct bank transfer to any of the Rajapakaya's accounts.


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