Another Burmese Ruby is All Set to Become the World’s Most Expensive Ruby

The jewelry world is waiting with bated breath for the auction of a dazzling fiery ruby at Sotheby’s jewelry auction in Geneva. It is believed that this ruby will break all the earlier records and set a new one for being the most expensive ruby on planet. The 25.59 carat Burmese ruby is all set to be displayed at the Magnificent Jewels and Noble Jewels auction on 12^th May for this year. Jewelry experts estimate its price to be $12-18 million which is much more than what was paid for the current most expensive ruby in the world. The most expensive ruby in the world now had a price value of $8.6 million which is known as the Burmese ‘pigeon’s blood’ ruby. Greek magnate Dimitri Mavrommatis was original the owner of this ruby.

This huge rock is named “The Sunrise Ruby” after a poem composed by the Sufi poet Rumi. Its pigeon red hue makes it the most remarkable ruby in the world. According to the Swiss Gemological Institute it is nature’s unique treasure. Its fine color, purity, attractive and precision cut also makes it a one of a kind gem. The ruby has been mounted on a beautiful ring for the display. Burma has produced rubies of various sizes but this one is in a league of its own. David Bennett, the global chairman of Sotheby’s International Jewelry Division, acclaimed that he has never seen a “ruby of this caliber.”

Burma is a land that holds much significance for producing some of the finest rubies of the world. The ‘pigeon’s blood’ hue ruby is intrinsic to Burma and is the most sought after type of ruby. The ancient Mogok mines in Upper Burma have traditionally produced the best rubies in the world. However, Burmese rubies are also known to be small in size but this ruby all set to appear in the auction is of huge size which is almost like a record in itself. Moreover, this ruby is flawless. The price is estimated to be so high because Burmese natural ruby producing resource is depleting leaving the world no choice but to diversify their search to other countries like Africa.

‘Pigeon’s blood’ has now become a term used to describe a specific color of ruby which is the most sought after one. This term now encompasses a good quality ruby which is used by dealers of classic stones. However, it is this category of ruby that had set the gold standard and has been originally found in Burma.