Sri Lankan Sapphire “Peacock of Ceylon” Fetches Over Rs. 500 M at Geneva Auction 📈

• Overall Sale: An exceptional, unheated Sri Lankan sapphire known as "The Peacock of Ceylon" has successfully fetched over Rs. 500 million (exceeding its initial estimates of up to CHF 1.5 million or US$ 1.2 million) at a high-profile international jewelry auction held in Geneva. • Gemstone Profile: The historic stone is a massive, unmounted cushion-shaped blue sapphire weighing 102.40 carats. Reports from leading gemological laboratories (including SSEF and Gübelin) confirmed its absolute Ceylon origin with zero indications of thermal or heat enhancement. • National Context & Market Significance: The historic sale underscores the premium global demand for high-quality, ethically-sourced gemstones and jewelry from Sri Lanka. The unheated peacock-blue hue represents the rarest and most desirable category of sapphires in the luxury market. This landmark transaction further reinforces the country's strategic standing as a premier global hub for elite collector-grade colored gemstones, bolstering non-traditional export visibility.