Sri Lanka Sapphire’s Star is Rising Due to Changing Market Trends

February 9, 2017 Facebook Twitter LinkedIn Google+ Gems

coloured gem stones

Sri lanka was once again reaffirmed as the rathnadweepa or ‘the isle of coloured gem stones is by the discovery of the biggest blue megastar sapphire from a mine in rathnapura, the town of gems.

weighing an staggering 1404 carats, the uncommon big name sapphire now called ‘superstar of adam’ was valued at over usd three hundred million. determined during the autumn of the 12 months 2015, the megastar sapphire has evoked a extra hobby and pleasure among the worldwide gem and jewelry investors.

the invention of the celebrity sapphire with the six-pointed superstar have rekindled the global hobby in sri lanka’s usd 164 million well worth gem industry and have introduced the united states’s famed sapphires to the limelight again.

whilst the megastar of adam is destined to be a part of a larger gem series at a museum or with a non-public collector, most of the blue sapphires found in sri lanka are ate up via the worldwide earrings change, which has visible a rise in demand for engagement earrings set with ceylon blue sapphires. the call for changed into fueled by means of the british royal engagement ring, an 18k white gold ring set with a 12-carat ceylon blue sapphire and diamonds.

even though, white diamond rings had been made the usual social norm for engagement rings by means of the de beers ‘a diamond is all the time’ marketing campaign, colored gems in engagement jewelry are coming round again way to a number of worldwide designers who’re using coloured gem stones from blue sapphires to emeralds and rubies, known as the three colorations of love.

the upward push of the usage of coloured gem stones sourced from sri lanka, burma, and african nations also can be linked to the developing organization of millennials within the market, who are looking to buy a unique ring with extra flexibility and trialing. the fact that sapphires come in a massive kind of sunglasses and colours consisting of red, yellow and even padparadscha also contributes the growing attraction of sapphires many of the millennials trying to find a coloured gem stones for his or her engagement ring.

bonhams, one of the world’s largest and oldest collectors and auctioneers of excellent artwork, antiques, and luxury goods, is predicting a growing hobby in colored gems in european markets, particularly for sapphires and famous person sapphires.

with a history and enjoy of trading Sri Lankan and kashmiri sapphires at hovering fees at auctions, bonhams experience that the renewed hobby in coloured gem stones is also due to renewed deliver of stones particularly from sri lanka, burma and mozambique to the global marketplace.

furthermore, the sapphire engagement rings have also registered a 15% boom in call for at the Dubai International Jewelry Week 2016, which concluded on december 10, 2016, hinting an boom inside the call for for sapphires international.