World famous Padder Sapphire to go under hammer in February
Jammu, Jan 19: To cash in on huge global demand for pure Padder sapphires, Jammu and Kashmir government would auction fresh stock of sapphire corundum for two days from February 11 in Jammu.
“We are auctioning the sapphire corundum through open market on February 11 and 12 in Jammu,” General Manager, Jammu and Kashmir Minerals Limited, VC Sharma said.
He said the new consignment of Sapphire would be opened only two days before the auction.
“The consignment will reach Jammu under security cover from Kishtwar and will be opened in front of experts committee just ahead of the auction,” he said.
Sharma informed that a stone, which is expected to fetch around Rs 5 crore would be part of the auction. “We are waiting for the customers for that stone. We are sending the intimation to customers and hoping good response this time”, Sharma said.
The world famous rough sapphire corundum extracted from Paddar mines in Kishtwar district, would be put on sale by the Corporation at Auditorium Hall at Jawaharlal Nehru, Udhyog Bhawan, Rail Head Complex here.
Pertinently, the J&K Minerals had earlier put on auction around 14,493,870 grams rough sapphire corundum on April 26 and 27 in 2011.
Earlier, the auction was held on February 8 and 9, 2010 yielding Rs 74.69 lakh revenue to the corporation.
Jammu and Kashmir produces world’s best quality sapphires, which are extracted from inhospitable Himalayan mines located in Padder area, about 330 kilometers from Jammu winter capital.
Paddar treasure of Sapphire
The Paddar area is located 115 km from Kishtwar at an altitude of over 4,000 meters. The sapphire reserves in the area were discovered in 1880s and have been extracted only occasionally since then because of the difficult terrain and lack of scientific mining techniques.
There had also been reports pouring in the past that many people have been plundering the blue sapphire mines in and around the Paddar area.
Though global tenders have been floated after 2002, but few agencies or companies with the required expertise have come forward as most of them are unwilling to take the risk of working in such a difficult terrain and militancy infested area.
Experts believe that the sapphire if mined properly can bring lot of economic benefits to the state.
The Sapphire found at Paddar attracts people from across the world as the sapphire from this area is peacock velvet blue in all lights, which is not the case with other similar stones.
Lastupdate on : Sat, 19 Jan 2013 21:30:00 Makkah time
Lastupdate on : Sat, 19 Jan 2013 18:30:00 GMT
Lastupdate on : Sun, 20 Jan 2013 00:00:00 IST
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