It is now the most expensive colored gemstone ever sold at a jewelry auction in the United States.
The “Jubilee Ruby,” a 15.99-carat oval-shaped Burmese ruby, was sold for $14.16 million at Christie’s New York Magnificent Jewels. The new owner is a private European investor.
The precious gem is set into an 18-karat yellow gold and platinum ring. The ruby itself is surrounded by a circular-cut diamond mount. The stunning red gem was designed by Verdura.
“To say the Jubilee Ruby is worthy of a king would be no exaggeration. Until the middle of the 19th century, only the Sovereign of Burma or an individual deemed worthy by him would have been allowed the privilege of possessing such a magnificent gemstone,” explains Raul Kadakia, International Head of Jewelry at Christie’s.
The “Jubilee Ruby” was mined at the Mogok Valley in Burma (Myanmar). It was the second largest ruby to reach auction in the last five years.
The world’s most expensive ruby is the “Sunrise Ruby.” The incredible gemstone was sold last year for $30.3 million at Sotheby’s in Geneva.