News
Lanka’s largest sapphire-family corundum kindles China, US interest
ECONOMYNEXT – The largest natural corundum ever recorded in Sri Lanka, which could also be the largest in the world, has attracted interest from potential buyers from China and the US, the 310 kilogram stone’s owner said.
Chamila Suranga, founder of the Gemmological Institute of Ratnapura, which owns the stone, said Chinese buyers have started to express interest after Chinas Xinhua news agency reported on it.
One of the inquiries came through a local gem exporter who had been dealing with China for over 30 years, he said.
“I understand that a Chinese museum is interested in this stone, which we have named the Queen of Asia,” Suranga said.
“We also got an inquiry from an American buyer who wanted to get it and gift it to a top US natural history museum.
Agents representing buyers from both countries had already visited to view the stone, he said.
Suranga said a Duba-based gem trading house had offered to conduct an international auction on a 60/40 split and had offered a base fee of one million dollars to bring it to Dubai.
Suranga said GIR was now pursuing the option and an auction is likely early in 2022.
The Chinese buyer had wanted to know what price was set on the stone.
“But what we said was that we wanted to auction it,” Suranga said. “Then it will be more exciting.”
Suranga is hoping that the geopolitical rivalry between China and the US will extend into gemmology.
A Sri Lankan official said the rarity of the stone would be a key factor in its value.
“This is the largest single corundum stone recorded in Sri Lanka,” Thilak Weerasinghe, Chairman of Sri Lanka’s Gem and Jewelry Authority said last week.
“This is not an aggregate. It is a single stone. As far as we know it could be the largest recorded corundum in the world.”
Sri Lanka had earlier found a star sapphire aggregate or cluster weighing around 500 kilograms.
He said the price fetched by the stone would come from its rarity.
The stone, which is opaque on the outside in parts, has clear blue patches inside.
Corundum is the family of gem made up of the mineral aluminum oxide, including geuda, blue and red sapphire.
Test conducted on samples obtained form the stone had confirmed that it had refractive index of 1.76 to 1.77, the same as sapphire and hardness of 9.0, Suranga said.
News
Govt. extends ban on LTTE
The NPP government has issued a new extraordinary gazette renewing and extending Sri Lanka’s long-standing ban on the LTTE and several Tamil diaspora organisations and individuals, continuing to designate them as “terrorists”.
The gazette, published recently, replaces a previous gazette issued in May 2025 and reaffirmed the proscription of a wide range of Tamil political and advocacy bodies operating around the world, alongside dozens of named individuals. The government alleged both the organisations and individuals listed are involved in “terrorism-related activities”.
The organisations blacklisted by the Sri Lankan government include:
• Liberation Tigers of Tamil Eelam (LTTE)
• Tamil Rehabilitation Organisation (TRO)
• Tamil Coordinating Committee (TCC)
• World Tamil Movement (WTM)
• Transnational Government of Tamil Eelam (TGTE)
• World Tamil Relief Fund (WTRF)
• National Council of Canadian Tamils (NCCT)
• Tamil Youth Organisation (TYO)
While the majority of the designations mirror those contained in the May 2025 gazette, the latest document updates identification details and addresses for a number of individuals and introduces at least one additional organisation to the list. All entries have been reissued under new reference numbers for 2026, though the underlying allegations and framing remain unchanged.
Successive governemnts have maintained a sweeping proscription regime against Tamil diaspora groups and individuals. A ban can make it a criminal offence for Sri Lankan citizens to maintain contact with these organisations or their members, severely restricting political engagement and stifling links between the diaspora and the Tamil homeland.
The original mass listings were introduced in 2014 under the administration of Mahinda Rajapaksa. Despite repeated outcry, subsequent governments have continued to uphold and renew the proscription regime, even after the Rajapaksas were voted out of power.
News
Police obtain court order banning Wimal’s protest
Police yesterday (12) obtained an injunction order from the Kaduwela Magistrate’s court against the protest launched by National Freedom Front (NFF) leader and former Minister Wimal Weerawansa opposite the Education Ministry, Isurupaya, at Battaramulla.
Police informed Weerawansa of the court order. In line with the court order, the police informed Weerawansa that the road near the Ministry should not be obstructed and that no sound amplification equipment be used while the GCE Advanced Level (A/L) examination is in progress. The examination, put off due to Cyclone Ditwah, recommenced yesterday.
News
Chinese Foreign Minister Wang Yi expresses optimism that Sri Lanka is on the right path to progres
Minister of Foreign Affairs, Foreign Employment and Tourism Vijitha Herath held productive discussions with his Chinese counterpart Wang Yi today (12/01), during the latter’s brief visit to Sri Lanka.
The meeting aimed at further strengthening bilateral engagement and advancing the Strategic Cooperative Partnership between the two countries. Both Ministers reaffirmed the longstanding friendship and time-tested cooperation between Sri Lanka and China rooted in centuries of exchanges and consolidated since the establishment of diplomatic relations seven decades ago. The discussion also focused on enhancing partnership in the areas of trade, investment, development cooperation and tourism.
Minister Herath extended deep appreciation to the Government and the people of China for the steadfast support extended to Sri Lanka following cyclone Ditwah and requested further support for the second phase of resettlement, relocation and rebuilding, particularly for the restoration of affected infrastructure including identified roads, railways and bridges that are vital to connectivity, economic recovery and daily lives of people. Minister Wang assured China’s fullest support for this initiative and expressed confidence that Sri Lanka will continue its rapid recovery under the leadership of President Anura Kumara Disanayaka. He also welcomed the people-centric policies of the Government and expressed optimism that Sri Lanka is on the right path toward fulfilling aspirations of its people.
Minister Herath expressed appreciation for China’s constructive role in international fora and reiterated Sri Lanka’s firm commitment to the One China Policy and China’s sovereignty and territorial integrity.
Both Ministers also recalled the successful high level exchanges in the recent past, including visits of the President and the Prime Minister of Sri Lanka to China in 2025.
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