Fake stones take gloss off Lanka’s gem trade
RATNAPURA (Sri Lanka) — 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 centrepiece 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 — coloured glass that to the untrained eye are virtually indistinguishable from sapphires — are being passed off as the real thing to unsuspecting buyers.
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 jewellery stores in Sri Lanka.
“These coloured pieces of glass imported by the kilo are killing the market for gems.”
National Gem and Jewellery Authority chairman Asanka Welagedara recalled how one Australian who spent $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 colour and clarity of a real sapphire.
“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.” Problems are particularly common along Sri Lanka’s southern coast, a popular tourist draw.
Practice tarnishing image of gem industry
> Sri Lanka’s sapphires have adorned from the Queen of Sheba to Duchess of Cambridge.
> Ceylon sapphires are renowned as the best sapphires in the world. > Sale of artificial stones, however, is tarnishing the image of gem industry.
> An Australian buyer found half the stones worth $14,000 he had bought were fake.
> Sellers of fake gems usually heat treat opaque, semi-precious stones to give them the colour and clarity of a real sapphire.