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Sri Lankan sapphire.(jewel of the month.)

Sri Lanka, the West Virginia-size pear-shape island 40 miles southeast of India, has been a treasure trove of gems for more than a thousand years. Even as gem deposits from other locales come and go, the mines of Sri Lanka, formerly Ceylon, continue to produce fantastic gems.

Known for its sapphires, rubies, and chrysoberyl cat's-eyes, the island nation also produces some of the world's finest zircons, garnets, quartzes, topazes, and more.

"They're your classic Ceylon goods," says Jeffrey Bilgore, sapphire expert from New York, looking at his necklace of 49 sapphires set in platinum. "And they're all unheated except for the pinks, which could have been subjected to a ...

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