December 11, 2023

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Video: World’s priciest ruby – Estrela De Fura – from Dubai’s Fura Gems will get bought for $34.8m in New York

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Dubai: At $34.8 million, the world’s priciest ruby has simply been bought at an public sale by Sotheby’s in New York – a stone that belonged to Dubai-based Fura Gems. The id of the brand new proprietor is unavailable proper now.

The ruby, found in a Mozambique mine in July 2022, initially got here to 101 carat. For the public sale, it was pared all the way down to 55.2 carat, and Fura Gems’ founder and CEO Dev Shetty was fairly assured that the stone would set a mark. And on Thursday (June 8), the stone certain did its half.

The New York public sale additionally set one other file – this one for a pink diamond. ‘The Everlasting Pink’ – rated because the ‘most vivid pink diamond ever to return to market’ – additionally hit $34.8 million. That is a world public sale file for a elaborate purplish-pink diamond and a brand new value per carat file for the color grade.

“As we speak, we witnessed the historic sale of not one, however two of essentially the most beautiful and necessary diamonds and gems to ever hit the public sale block,” stated Quig Bruning, Head of Sotheby’s Jewellery, Americas. 

The ‘Estrela De Fura’ – which is how the stone was named – was proven round extensively on a world tour, that included Dubai. The 55.2 carat model of the stone was set on a hoop, making for higher show and even on the logistics aspect.

“Nothing like this ruby has been found for over 700 years,” stated Shetty. “We could not consider it when it was found on the mine. That is necessary not simply due to the file value it fetched – this additionally brings to the world’s consideration African rubies. Beforehand, the ruby house was dominated by these from Burma.”

Fura holds 9 ruby mining licenses within the African nation. 

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