A gem company in Sri Lanka has unveiled a rare and massive gemstone weighing 683 pounds (310 kilograms) that has been certified as one of the biggest corundums ever found in the country.
Sri Lanka's National Gem and Jewelry Authority says it has done a series of gemological tests on five samples taken from the rock.
“To our knowledge this specimen is indeed a rare specimen and not recorded in the geological literature," read an authentication letter given by the authority to the owners who unveiled the stone on Sunday.
When the outer layer was removed for inspection, the interior showed a silky blue patchy appearance, the letter said, suggesting the stone is a blue sapphire.
Shanka Ruwanditha, a director of the company that currently owns the massive stone, the Gemological Institute of Ratnapura, told The Associated Press on Monday that the owners plan to obtain the services of a local or foreign gem valuer soon to determine the price of the rock.
Sri Lanka and especially its southwestern city of Ratnapura, or the Gem City in the local language, has been known for centuries for mining gems and precious stones.
Pauline Frommer, editorial director of Frommer's Guidebooks, has some very helpful travel information to save money and stay sane this season.
Americans' credit card debt reached a record high in the third quarter.
Target announced that it's rolling out a pre-set meal to feed up to four people for under $25.
You might already be planning your Thanksgiving menu as the holiday approaches. Some retailers are offering deals that could help your pockets as you budget for those large family gatherings.
Management employees who work for AT&T are now being offered paid time off to care for their loved ones.
Jade Warshaw, personal finance expert and co-host of 'The Ramsey Show, joined Cheddar News to provide tips on how to save on engagement rings and to look at cheaper alternatives.
As the country watches the financial situation and monitors decisions from the Federal Reserve, many may be re-evaluating what to do with their money, with interest and mortgage rates at some of the highest levels seen in decades. Mark Hamrick, Washington bureau chief and senior economic analyst with Bankrate, joined Cheddar News to provide tips on your money management as monetary policy continues to change.
A Dutch recruitment firm found that only 42% of employees who have been laid off this year actually received severance, down from 64% who received severance in 2021.
Direct deposit delays due to a human error that happened last week have resulted in some customers still not receiving their paychecks.
Nestle is reportedly investing $100 million in food delivery startup Wonder Group.
