Burmese ruby sells for record $30m at auction

A 25.59 carat pigeon blood ruby was sold for a world record of 30.33 million at an Auction in Geneva on Tuesday according to Sotheby’s.

After numerous biddings the final bid came from an anonymous telephone bidder for 26.25 million Swiss Francs including costs.

Originally it was expected for the Sunrise Ruby from Myanmar, which is part of a Collection of Cartier to be sold between 12 and 18 million.

It was a double record, one for Cartier and one for the highest sold ruby ever. This large pigeon blood red ruby is one of the rarest gemstones. Another extremely rare stone, a fancy vivid pink diamond weighing 8.72 carats was sold for 14.8 million.

It is believed that this stone comes from the Era of Mathilda one of the nieces of Napoleon. It was discovered lying in a bank department since the 1940s.

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