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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 ...
Several ruby-set pieces were included in the sale, notably a ring set with an 8.24 ct gem that broke the 'price-per-carat' record for rubies (US$512,925 per carat – i.e., over US$4.2 million in total), [37] and a necklace [38] that sold for over US$3.7 million.
The Star of Burma is an 83-carat (16.6 g) cabochon-cut star ruby. In 1935, the Burmese ruby was purchased by Howard Hoeffer of jeweler Trabert & Hoeffer-Mauboussin, whereupon it was used in several Hollywood films in the 1930s, including the musical comedy Vogues of 1938. Trabert & Hoeffer-Mauboussin sold the jewel on September 14, 2004.
In 2016, jeweler Olivia Young of Ouroboros sold a red spinel ring for £6,000 ($7,700). Last year, the client’s insurance company paid out £30,000 ($38,400) to replace it.
The Prince of Burma is an uncut ruby, crystallized on a marble deposit, weighing 190 g (approximately 950 carat), and, for the most part, of gem quality.One of the biggest and rarest rubies in the world [citation needed], it was found in the Dattaw-Mine in Mogok, Myanmar, in 1996.
Painite is a very rare borate mineral.It was first found in Myanmar by British mineralogist and gem dealer Arthur C.D. Pain who misidentified it as ruby, until it was discovered as a new gemstone in the 1950s.
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