From the Queen of Sheba to Britain’s Duchess of Cambridge, Sri Lanka’s sapphires have adorned royalty through the ages, but a flood of cheap imitations is threatening the island’s reputation for the precious stones.
Ceylon sapphires, known after the island’s colonial-era name, enjoyed a huge boost five years ago when it was revealed that one formed the centerpiece of the engagement ring Prince William gave Catherine Middleton.
They are renowned as the best sapphires in the world, but gem traders say artificial stones — colored glass that to the untrained eye is virtually indistinguishable from sapphires — are being passed off as the real thing to unsuspecting buyers.
Photo: AFP
They fear that is tarnishing the image of the gems, seen as a major potential income stream for an economy still recovering from decades of civil war.
“This is the biggest threat to our industry. Our reputation is at stake,” said Nissanka Weerasena, who owns a chain of upmarket jewelry stores in Sri Lanka.
“These colored pieces of glass imported by the kilo are killing the market for gems,” he said.
Photo: AFP
Stories of buyers getting conned into buying fakes are legion.
National Gem and Jewellery Authority chairman Asanka Welagedara recalled how one Australian buyer who spent US$14,000 only discovered that nearly half the stones he had been sold were fakes when he had them tested by the state-run regulator — by which time it was too late.
Another scam is to heat treat opaque, semi-precious stones to give them the color and clarity of a real sapphire.
Photo: AFP
“The technique of heat treating semi-precious stones originated in Thailand, but our people have now perfected the art,” Welagedara said.
“There is a 10-fold price difference between a heat-treated blue sapphire and a natural stone, so naturally there is a temptation to sell treated stones as natural ones,” he said.
Problems are particularly common along Sri Lanka’s southern coast, a popular tourist draw.
“We are seeing a new trend of cheating, especially along the coastal tourist belt,” a senior Sri Lankan police officer said on condition of anonymity.
Geologists say more than four-fifths of Sri Lanka’s 65,000km2 land mass could contain underground gems. The best-known mining area is Ratnapura, or the City of Gems, where a stone thought to be the largest blue star sapphire in the world was discovered last year.
Blue star sapphires, so called because they reveal a six-line star when placed under light, are particularly sought after.
The owner — a Sri Lankan gem dealer who said he wanted to remain anonymous for fear of being robbed — has valued the stone at US$300 million, although he would not disclose how much he paid for it.
On the banks of the Kalu River that flows through Ratnapura, hundreds of young men pan for gems, hoping that they too might one day strike it rich.
Officially, there are 200,000 miners employed in the industry, but another half a million are believed to be working illegally.
Eranga Kumara, 22, is an illegal prospector who dives between 3m and 4.5m to the river bed to look for stones.
“Usually we get a few stones and I make about 10,000 rupees [US$70] a day,” Kumara said on the banks of the Kalu River as his friends kept a look out for police.
“But we can only work during the dry season, from January to March,” he said.
Dulgalage Jayatillake acts as a middleman between these small-time miners and the merchants who come to Ratnapura from Colombo and elsewhere in search of gems.
At a makeshift exchange on a bridge in Ratnapura where he and dozens of others line up every morning waiting for buyers, there are concerns that artificial stones are scaring away buyers.
“I meet the miners directly and buy from them. That is to make sure I don’t get caught out by fakes,” Jayatillake said.
“Imitation stones are giving everyone a bad name,” he said.
The Gem and Jewellery Authority says it cannot stop the import of artificial stones, which are necessary for the low-end costume jewellry industry.
However, it is taking steps to prevent fraud by vetting dealers and giving them a stamp of approval that buyers can trust.
For 500 rupees it will issue a certificate of authenticity, which Welagedara says is the “best guarantee against fraud.”
Gem expert Rohan Pitigala said it was difficult for the untrained eye to spot an imitation gem stone, but not impossible.
“If you see a stone which is flawless, it is too good to be true,” he said.
Stephen Garrett, a 27-year-old graduate student, always thought he would study in China, but first the country’s restrictive COVID-19 policies made it nearly impossible and now he has other concerns. The cost is one deterrent, but Garrett is more worried about restrictions on academic freedom and the personal risk of being stranded in China. He is not alone. Only about 700 American students are studying at Chinese universities, down from a peak of nearly 25,000 a decade ago, while there are nearly 300,000 Chinese students at US schools. Some young Americans are discouraged from investing their time in China by what they see
MAJOR DROP: CEO Tim Cook, who is visiting Hanoi, pledged the firm was committed to Vietnam after its smartphone shipments declined 9.6% annually in the first quarter Apple Inc yesterday said it would increase spending on suppliers in Vietnam, a key production hub, as CEO Tim Cook arrived in the country for a two-day visit. The iPhone maker announced the news in a statement on its Web site, but gave no details of how much it would spend or where the money would go. Cook is expected to meet programmers, content creators and students during his visit, online newspaper VnExpress reported. The visit comes as US President Joe Biden’s administration seeks to ramp up Vietnam’s role in the global tech supply chain to reduce the US’ dependence on China. Images on
New apartments in Taiwan’s major cities are getting smaller, while old apartments are increasingly occupied by older people, many of whom live alone, government data showed. The phenomenon has to do with sharpening unaffordable property prices and an aging population, property brokers said. Apartments with one bedroom that are two years old or older have gained a noticeable presence in the nation’s six special municipalities as well as Hsinchu county and city in the past five years, Evertrust Rehouse Co (永慶房產集團) found, citing data from the government’s real-price transaction platform. In Taipei, apartments with one bedroom accounted for 19 percent of deals last
US CONSCULTANT: The US Department of Commerce’s Ursula Burns is a rarely seen US government consultant to be put forward to sit on the board, nominated as an independent director Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday nominated 10 candidates for its new board of directors, including Ursula Burns from the US Department of Commerce. It is rare that TSMC has nominated a US government consultant to sit on its board. Burns was nominated as one of seven independent directors. She is vice chair of the department’s Advisory Council on Supply Chain Competitiveness. Burns is to stand for election at TSMC’s annual shareholders’ meeting on June 4 along with the rest of the candidates. TSMC chairman Mark Liu (劉德音) was not on the list after in December last