Culture
They Made a Buzz…
Malagasy treasure, Bollywood luxury… On July 5, India held its breath: Aamir Khan, a Bollywood celebrity, and Gauri Spratt, a symbol of modern Indian female success, said "yes" for better or worse. But what captured the most attention was the ring given by the husband to his wife. It is a jewel whose stone is one of the rarest in the world: a natural ruby from Madagascar, with a rarity reaching 0.1%. For the uninitiated, out of 1,000 extracted from the earth, 999 are normal, while only one possesses exceptional quality and unique purity. This is the kind of stone found in the depths of the Great Island that Gauri Spratt now wears. To put it simply, after cutting and appraisal, this natural Madagascar ruby would cost around 2.3 billion ariary. A brief overview of its journey. First, miners, one or more, extracted the stone. Here, the "mine-edge" value is 92 million ariary, at most. Or even much lower if the discoverer(s) had no idea of the stone's real value. Next, if the path taken is legal, the jewel passes through a buying counter, to give it traceability and "exportability". Then comes the Ministry of Mines and Strategic Resources, which issues the compliance certificate and proceeds with sealing. Customs verifies documents at the airport and taxes rain down: mining royalties, certification fees, profit taxes… Arriving in India, the stone is transformed by master craftsmen from the Qween company, a luxury jewelry brand. Finally, on the day of the ceremony, it ends up nestled between Gauri Spratt's fingers. Among Indians, it is the Gem & Jewellery Export Promotion Council (GJEPC), closely linked to the government of the land of Gandhi and his glasses, which probably played the role of facilitator. In Madagascar, hearing this kind of news is no longer surprising: such a rare ruby that makes stars and luxury houses strut about. Behind this beautiful fairy tale in biryani mode lie Malagasy taxpayers who do not realize they are sitting on the lands of their ancestors, where rubies, diamonds, sapphires, gold, uranium, rare earths, etc. are found. The Malagasy is the most indebted citizen in the world. Maminirina Rado
Source: Midi Madagasikara