A gyroscope based on Sagnac interferometer measures the rotation rate relative to an inertial frame of reference. Sagnac effect originally has been derived and experimentally demonstrated with optical waves. Later, matter wave based Sagnac interferometers were developed due to inherent sensitivity over a photon based system. However in any interferometer whether it is photon or matter wave based the resultant phase shift due to counter-rotating waves is independent of the wave velocity. Here we show that one can have a larger phase shift with slower matter waves using Aharonov-Bohm effect: the phase difference of the counter propagating waves is proportional to the inverse square of the particle velocity.© (2007) COPYRIGHT SPIE--The International Society for Optical Engineering. Downloading of the abstract is permitted for personal use only.