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The Sunrise Ruby greatly surpassed the previous record holder, the Graff ruby ring, which sold for US$8.6 million in November 2014. [4] [12] Its record-setting price has been attributed to the rapid increase in prices for coloured gemstones and public auctions, with figures often "rivaling the performance of the much-sought-after colored ...
For example, these Burmese Pigeon Blood ruby and diamond drop earrings at Sotheby ... 4 SUVs That Will Have Massive Price Drops in Early 2025.
The 83-carat Star of Burma is a cabochon-cut star ruby [1] [2]: 14 with a pigeon-blood color. [3] The color, common to Burmese rubies, is among the most coveted of ruby colors.
Ruby is a pinkish-red-to-blood-red-colored gemstone, a variety of the mineral corundum (aluminium oxide). Ruby is one of the most popular traditional jewelry gems and is very durable. Other varieties of gem-quality corundum are called sapphires. Ruby is one of the traditional cardinal gems, alongside amethyst, sapphire, emerald, and diamond. [3]
Rubies are the biggest earner; 90% of the world's rubies come from the country, whose red stones are prized for their purity and hue. Thailand buys the majority of the country's gems. Burma's "Valley of Rubies", the mountainous Mogok area, 200 km (120 mi) north of Mandalay, is noted for its rare pigeon's blood rubies and blue sapphires. [83]
The Cambodian 'sunset' ruby is 50 times more rare than a diamond, and there has been no significant raw gem discovery in the last 20 years.