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HE trade in Precious Stones has considerably increased since the year 1860. Discoveries have been made in many parts of the world, and S. Africa, India, Siam, Ceylon and Australia, now form the great emporiums.
Formerly Pegu, said to be famous for its market of beautiful gems of all kinds, received yearly a very large sum for its exports ; so also did Ceylon, from which island we even now obtain some few of our coloured Stones, especially Cats' Eyes, Sapphires and Rubies generally of an inferior colour and quality. During the dynasty of the Kandy Rulers, the right of digging for Precious Stones was most jealously guarded as a royal prerogative, and the inhabitants of particular villages, under the supervision of hereditary overseers, were occupied in the search for gems. A number of men are constantly occupied in this exciting and precarious business ; and the idle and disorderly adventurers who visit the villages are the cause of great immorality among the inhabitants. The results of their labors they used to sell to the Malays who came to Saffragam with cloth and salt, which they exchanged for Precious Stones. At the yearly Bhudda Festival in August there is a jewel market held in Ratnapura, whither those interested in jewels flock from all parts of Ceylon.