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Local ‘mafia’ campaigning to derail sale of star sapphire cluster to prospective global buyers
Gem and Jewellery Authority Chairman says
By Suresh Perera
A local ‘mafia’ has unleashed an organized campaign of misinformation to thwart the sale of the star sapphire cluster unearthed at Pelmadulla near Ratnapura to prospective international buyers, a top industry official asserted.
“They are trying to deliberately devalue the precious gemstone in an attempt to discourage global bids so that they can make a kill after procuring it for a rock-bottom price”, says Tilak Weerasinghe, Chairman of the Gem and Jewellery Authority.
The rare gemstone weighing 510-kilograms or 2.5 million carats, described by the Authority as the “world’s biggest star sapphire cluster”, has been estimated to be worth US$ 100 million or possibly more. It surfaced from the backyard of a house when some workers were digging a well at Pelmadulla near Ratnapura known as the “city of gems”.
The negative publicity on the worth of the star sapphire cluster has emanated from the local ‘mafia’ keen to put prospective international buyers off track so that they can grab the rare find for a fraction of its worth, he said.
“Many international buyers have already shown a keen interest in procuring it”.
There are collectors who make fantastic offers to buy rare gemstones of this calibre, Weerasinghe pointed out. “I am confident we will be able to fetch a record price for it”.
He said the BBC report on unearthing a star sapphire cluster of this magnitude not found anywhere in the world so far triggered a frenzy with scores of prospective global collectors and buyers expressing interest in purchasing it.
Two persons described as “professionals in the lapidary field” dismissed speculation that the gemstone was not “worth millions of dollars”, as claimed.
Expressing their views on a television channel, one of them said the gemstone was basically a “museum piece” and estimated its worth to be around one million rupees.
The other person placed its value at around Rs. 400,000 and said he had more precious gems in his possession.
The fact that the star sapphire cluster was described as a “museum piece” itself shows that it’s priceless, Weerasinghe interjected. “We cannot fix prices to exhibits in a museum”.
This precious gemstone is a part of our national pride, he stressed. “It will be an honor to our country to bestow it to the world”.
Those who live like frogs in a well don’t understand that there’s a world beyond which appreciates and rewards what’s of worth and value, the Chairman noted. “People with their own agendas want to paint a different picture to achieve their own ends”.
Outlining that as a professional he has dealt with precious stones and also traveled to multiple world capitals on related work, Weerasinghe recalled the sale of a 25-kilo rare gemstone for millions of dollars at a London auction some time back.
Apart from precious gemstones, even the personal belongings of celebrities such as Michael Jackson have fetched millions of dollars at public auctions, he continued.
Asked whether the star sapphire cluster was unearthed at Pelmedulla about a year ago, he replied, “yes, only the owner of the property and I knew about it. We kept it under wraps until the pandemic situation both here and globally improved to make the announcement so that we could secure a good price for it”.
“Over the past year, it was cut and polished and a valuation done after it was analyzed and certified to be ready for the market”.
He said there will be a 25% tax component to the Sri Lankan government on the sale price of the gemstone.
State Minister of Gem and Jewelery Related Industries, Lohan Ratwatte, said that Sri Lanka is also looking at placing the precious gemstone for bidding at an auction in China in November this year.
During the cleaning process, a few stones that dislodged were found to be high quality star sapphires. They were pale blue in colour, officials said.
However, despite the euphoria about the prospect of the star sapphire raising millions of dollars, some experts have warned that though the specimen has a high carat value at 2.5 million, all the stones within the cluster may not be of high-quality.
“It remains to be seen how an international valuation will play out”.
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Advisory for low pressure area over South-east Bay of Bengal Sea area
The Natural Hazards Early Warning Centre of the Department of Meteorology has issued an advisory at 11.30 pm on 05 January 2026 regarding a low pressure area over South-east Bay of Bengal Sea area.
The low-level atmospheric disturbance in the Bay of Bengal, to the southeast of the Sri Lanka has intensified into a low-pressure area.
Hence, showery condition over the island, particularly
in the Northern, North-Central, Eastern, Uva and Central provinces is expected to enhance from January 8th.
The Meteorological Department is constantly monitoring the behavior of the system.
The general public are requested to be attentive to the future forecasts and bulletins issued by the Department of Meteorology in this regards.
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US raid on Venezuela violation of UN Charter and intl. law: Govt.
Foreign Affairs, Foreign Employment and Tourism Minister Vijitha Herath yesterday (05) told a media conference at his Ministry that the UN should deal with the US for violating international law.
Herath, who is also a senior member of the ruling National People’s Power (NPP) party’s National Executive Council, in addition to being a member of the JVP politburo, emphasised that member states couldn’t violate UN Charter and international laws.
The Minister said so when The Island sought the government’s position on the abduction of legally elected Venezuelan President Nicolás Maduro and his wife in a lightning raid carried out amidst heavy air strikes on that country. We raised the issue at hand pointing out that there were persistent allegations regarding US and Indian interventions in the 2022 regime change operation here and that the NPP finalised defence agreements with Washington and New Delhi.
Minister Herath said that Sri Lanka backed the ongoing UN Security Council bid to deal with the developing situation in Venezuela.
Herath was flanked by Deputy Foreign Minister Arun Hemachandra and Deputy Tourism Minister Prof. Ruwan Ranasinghe.
Minister Herath said that the UN Security Council was scheduled to take up this issue today. The US is one of the five members of the UN Security Council.
In terms of the UN Charter, UN members are to refrain from the “use of force” against the territorial integrity or political independence of any state. Another permanent member of the UN Security Council, France, broke ranks with the Western block to condemn US action. France unequivocally declared that the US operation was a “violation of sovereignty.
Minister Herath didn’t respond to the query whether he discussed the issue at hand with President Anura Kumara Dissanayake.
While pointing out that Sri Lanka had been subjected to foreign interventions, The Island sought the position the JVP in respect of US President Donald Trump threatening to move against Mexico, Cuba and Colombia as the party always took a strong stand against US actions. Declaring that his response would be for the government and not the JVP, Minister Herath said that there was a way to deal with situations through the UN.
Minister Herath strongly defended recently signed agreements with India and US pertaining to defence. Stressing that both agreements were beneficial, Minister Herath pointed out that they weren’t defence agreements but security cooperation arrangements.
The US and Sri Lanka signed a Defence Memorandum of Understanding (MoU) in November 2025, formalising defence cooperation under the State Partnership Programme (SPP) with the Montana National Guard. The MoU with India was signed in April, 2025. It was among seven MoUs.
Referring to devastating Cyclone Ditwah, the Minister said that India provided material support under the MoU signed in April whereas the US provided 10 helicopters to the SLAF recently.
Responding to a query on US-Sri Lanka tariff negotiations, Minister Herath said that about 95% of the negotiations have been finalised.
At the onset of the briefing, Minister Herath and Deputy Ministers Prof. Ranasinghe and Arun Hemachandra explained how the tourism sector and expatriate Sri Lanka work force contributed to the national economy.
Referring to Central Bank figures, they declared that tourism had brought in USD 3.2 bn whereas expatriate workers contributed USD 7.19 bn up to November last year. Once the Central Bank made available December figures it could reach USD 7.8 bn, they said. Tourism and expatriate work force together brought in as much as USD 11.6 bn, they declared, expressing hope 2026 would definitely be better.
Although the devastation caused by Cyclone Ditwah caused concerns that it may cause a significant drop in tourist arrivals, a steady flow of visitors paved the way for a comfortable 15% increase in arrivals by end of 2025, they said.
Minister Herath said that the government was happy that the country recorded the highest number of tourist arrivals this year.
By Shamindra Ferdinando
News
Ban on foreign research vessels: FM promises decision within two months
Foreign Minister Vijitha Herath yesterday said that the government would announce its decision on the ban on foreign research vessels entering Sri Lankan waters.
Addressing the media at the Foreign Ministry, Minister Herath, in response to a query, said that they were in the process of addressing the issue.
Former President Ranil Wickremesinghe declared a moratorium on the entry of foreign research vessels during 2004. Although the NPP government, in December, 2004, declared its position would be made known soon, the decision was not taken during last year. Wickremesinghe took that decision under intense Indian and US pressure to deny entry of Chinese research vessels (SF)
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