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Dazzling 15.99 carat Burmese ruby and diamond ring expected to fetch $15 MILLION at auction next month

By   /   March 26, 2016  /   No Comments

Original article found on dailymail.co.uk

A one-of-a-kind Burmese ruby and diamond ring is set to fetch up to $15 million when in goes up for auction in New York next month.

The gem, called the Jubilee Ruby, is one of more than 250 beautiful jewels which are all set to be sold at Christie’s Magnificent Jewels auction on April 20.

In addition to the centerpiece of the auction, the ruby, other items up for offer include rare diamonds and other jewels from the likes of Cartier, Graff, David Webb, Harry Winston, Buccellati and more.

Big rock: A 15.99 carat Burmese ruby, called the Jubilee Ruby, is due to go on auction by Christie's on April 20, and expected to fetch up to $15,000,000 

Big rock: A 15.99 carat Burmese ruby, called the Jubilee Ruby, is due to go on auction by Christie’s on April 20, and expected to fetch up to $15,000,000

Exquisite: The ruby is the most important Burmese ruby to go up for auction in the United States for more than 25 years
Exquisite: The ruby is the most important Burmese ruby to go up for auction in the United States for more than 25 years

Some of the gems in the collection come from the estate of the late socialite and philanthropist Carroll Petrie – who passed away last year aged 90 – as well as items from several other prominent American families.

The 15.99 carat Jubilee Ruby in the most important Burmese ruby to be auctioned in the United States for over two decades, with the last being a 16.20 carat Burmese gem sold by Christie’s in October 1990.

The stone is set in a gold and diamond Verdura mounting and is described as ‘a rarity in its exceptional size, color and quality’.

Rubies from Burma are among the most coveted – and therefore expensive – of their kind in the world, known for their highly-intense color, which occurs partly as a result of high chromium content in the ground. 

Read the complete article at dailymail.co.uk

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