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Padparadsha...

Padparadscha is an extremely rare variety of sapphire. In fact, it's the most rare, and most prized form of sapphire. The name padparadscha (sometimes spelled padparadsha) derives from the Sinhalese word padma radschen, meaning lotus blossom, as the stone is of a similar color to the lotus blossom.

This stone weighs 2.97 carats.