Thursday 8 June 2023

Largest ruby set for auction - $34.8 million

A 55.22-carat ruby has become both the largest and most valuable gem of its kind ever to sell at auction, netting $34.8 million.
A 55.22-carat ruby is poised to become the largest and the most valuable gem of its kind to appear at auction. It is expected to sell for over US$30m. The stone will go under the hammer in New York in June, less than a year after Canadian firm Fura Gems discovered it in Mozambique. Sotheby's described the jewel as "exceedingly rare" and "the most valuable and important" ruby ever to come to market. It is named Estrela de Fura (or Star of Fura in Mozambique's official language, Portuguese). The current auction record for a ruby was set by the Sunrise Ruby, a 25.59-carat stone found in Myanmar that fetched $30.3m in 2015.