The world’s largest blue star sapphire is a recently discovered
gem from Sri Lanka.
Sri Lanka is a lush, green, island off the coast of India. It was
formerly known as Ceylon, It is famous for producing gemstones, especially
sapphires, Gem sapphires of all colors are found there, but relatively few
containing the asterism necessary to display the star effect. And only a
tiny fraction possess the blue color and the star phenomenon.
The World’s Largest Blue Star Sapphire is a desired and very
valuable designation. It means this gem will be coveted by museums and
private gem collectors around the globe.
And the gem holding this "world's largest" distinction is on
the market right now. The current owner is a Sri Lanka gemstone dealer who
purchased the rough stone from a local - presumably an independent mine
owner. The dealer and the seller remain anonymous, and the purchase price
The mine that yielded the gem is not specified, but is known to be near the
city of Ratnapura, a major city in Sri Lanka. Ratnapura is the capital city of
Sabaragamuwa Province, It is located in the southern portion of this island
Ratnapura is probably the main trading center for the island's gems. This is
where miners sell and gem dealers buy the stones recovered from the area's
buried gravels of ancient rivers and streams.
The world’s largest blue star sapphire possesses very good color, and
the size is awe inspiring. After working the gem to bring out the star,
the gem weighs 1404.49 carats. The owner believes the stone is worth
"at least" 300 million U.S. dollars. I hope for his sake he is
not being overly optimistic.
"Working the gem" means fashioning the sapphire crystal into a
dome shaped cabochon. The rough crystal was not naturally rounded enough to
allow light to reflect off of the hair-like rutile needles contained in this
Rutile is a mineral that (in sapphire) can crystallize in strands within
the sapphire crystal. These strand formations are referred to as needles, or
Sapphire crystals that include rutile crystal inclusions grow in such a way
that the rutile needles are oriented at 60 degrees to each other. When a
single source of light strikes the dome-shaped gem, light reflects off the
rutile crystal inclusions, producing the 6 rayed star.
Now that the existence of this gem has been revealed, some information is
becoming known. It was found in the Fall of 2015 and was purchased by the
gemstone dealer shortly thereafter.
There is a small indentation in the shape of the finished gem, but that has
little impact on the appearance of the huge star. If this important gem finds
a home in a museum, you may get to see it for yourself.
The world’s largest blue star sapphire has been named The Star of Adam,
in tribute to a Muslim belief that Adam went to Sri Lanka after he was
banished from the Garden of Eden. Sri Lanka has many geographical features and
landmarks bearing the name of Adam.
Top - World’s largest blue star
sapphire illustrating size
Next - Map of Sri Lanka
Next - World’s largest blue star
sapphire showing star
Next - World’s largest blue star
sapphire being worked
Next - Example of a typical Sri Lanka
Next - World’s largest blue star sapphire showing
Next: - Gem special offer - 10 Carat Amethyst
Next - Industry News - Logo of the Financial
Crimes Enforcement Network
Next - Dealer Product Image - Amethyst Ring in Sterling Silver
Last - Dealer Program Image - Pink Spinel and Sterling
A Google search for links or images using keywords such as
asterism or sri lanka geology
can return some very interesting information and websites.
Here is this month's special gem deal.
Color: Excellent royal purple
Dimensions: 14.7 x 14.6 mm
Weight: 10.92 carats
Price: $195, plus shipping
Amethyst is a very popular gemstone. It s relatively hard, and
toughness, a range of shades of purple, and is affordable.
This particular amethyst's origin is listed as South America.
Judging by the color, it is probably from Uruguay or Brazil.
We have other shapes, sizes, and
shades of gems available.
We keep gem prices low by buying quality gemstone rough
worldwide, and having the rough material cut by our gem cutters in Asia.
Gem Industry News
Dealer Did Not Follow Patriot Act
Are you aware of the existence of a federal agency named the Financial
Crimes Enforcement Network? The stated mission of the agency, also known as
FinCEN's mission is to safeguard the financial system from illicit use and
combat money laundering and promote national security through the collection,
analysis, and dissemination of financial intelligence and strategic use of
There are news articles about an enforcement action recently taken against a
precious metals dealer. Gemstone dealers can also be subject to provisions of
the Bank Security Act.
The FinCEN press release states...
Assesses Money Penalty against Precious Metals Dealer for Violations of
Anti-Money Laundering Laws
WASHINGTON, DC – The Financial Crimes Enforcement Network (FinCEN) today
announced the assessment of a $200,000 civil money penalty against a Los Angeles
precious metals business, as well as its owner and compliance officer. B.A.K.
Precious Metals, Inc. (B.A.K.), its sole owner, Bogos Karaoglanyan, and its
designated compliance officer, Arman Karaoglanyan, have admitted to willfully
violating federal anti-money laundering (AML) laws, known collectively as the
Bank Secrecy Act (BSA). This is FinCEN’s first action against a dealer in
precious metals, precious stones, or jewels.
“Gold and other precious metals are a highly concealable, transportable,
and concentrated form of wealth that can be readily abused by criminals seeking
to move and hide dirty money.” said FinCEN Director Jennifer Shasky Calvery.
“Dealers in these precious metals must do their part to ensure criminals are
not able to use their products and services for such nefarious ends.”
FinCEN has delegated to the Internal Revenue Service (IRS) the authority to
examine dealers in precious metals, precious stones, or jewels for compliance
with the BSA and its implementing regulations. B.A.K. was the subject of a BSA
compliance examination in 2011 and again in 2013. B.A.K. did not have any AML
program in place until 2011, five years after the business was established and
only after the IRS examiners instructed it to implement one. And when the
examiners returned in 2013, B.A.K.’s AML program was lacking in several
material respects, and B.A.K., its owner, and its compliance officer often
ignored the AML program.
B.A.K. failed to adequately assess its risks and did not conduct due
diligence on its highest risk customers. In 2011, B.A.K. began dealing in large
sums of gold with new customers, with transactions ranging between $14 and $23
million. This helped B.A.K. nearly double its total yearly volume, which reached
$120 million by the end of 2012. Despite this significant change in volume and
customer base, B.A.K. chose not to require any documentation or identification
prior to conducting business with many of these new, high-volume customers.
Moreover, the purchase orders documenting these transactions, many of which were
over $100,000, contained
only the business name and included no identifying information on the
underlying individuals. These failures presented great risks for criminal abuse.
In addition to the fine, B.A.K., Bogos Karaoglanyan, and Arman Karaoglanyan
also agreed to several undertakings to extend through 2020, including retaining
an external auditor, providing a comprehensive annual report to FinCEN outlining
the implementation of its improved AML program, and annually providing a copy
of, and certifying attendance and testing results of, B.A.K.’s AML training
FinCEN Director Jennifer Shasky Calvery expressed her appreciation to the
Internal Revenue Service, Small Business/Self-Employed Division, which performed
the 2011 and 2013 examinations, for its contributions to the investigation and
for its strong partnership with FinCEN.
February is the
month for amethyst. Although amethyst is probably the most popular gem for
jewelry year around, now is an especially good time to market amethyst
jewelry to your customers. Check your customer profile records to see who
has a family member with a February birthday.
Be The Quality Jewelry Discounter.
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