Sun, 17 Jul 2011

A 27.67 carat Ruby Ring for July

By Erika W.

Happy Birthday July Pricescopers!

What better way to celebrate July birthdays than with a 27.67 carat Burmese ruby?
Last April, Sotheby’s Hong Kong auctioned a rare 27.67 carat ruby and diamond ring (shown below) by Bulgari. The sugarloaf cabochon ruby ring sold for $2.4 million, the third top lot sold at Sotheby’s Magnificent Jewels and Jadeite Spring 2011 Sale. “Burma is well-known for its rubies of intense fiery colour and the present one is the largest gem-quality unheated Burmese ruby from the legendary mines of Mogok to appear at auction in recent years. Rubies exceeding 10 carats without thermal
enhancement, such as the present fiery gem, are of extreme rarity in the market and are literally irreplaceable as the
mines no longer produce rubies of such a significant size and quality.” – Sotheby’s.

26.67 Carat Burmese Ruby Cabochon And Diamond Ring Bulgari Sotheby's Auction
Photo: Sotheby’s

Selling for $2.4 million, the 27.67 carat ruby ring was the third highest lot sold at Sotheby’s “Red Sale.”

26.67 Carat Burmese Ruby Cabochon And Diamond Ring Bulgari Sotheby's Auction
Photo: Sotheby’s

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Ruby pricing and info

For in-depth ruby information please visit:

Seeing Red – A Guide to Ruby Connoisseurship
by Richard W. Hughes

Ruby; Burma Days; Rangoon by Richard W. Wise, G.G.

Palagems.com Ruby Buying Guide by Richard W. Hughes

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