Unfortunately, these famous Burmese mines are now almost fully depleted, making Burmese rubies ever scarcer and expensive. The most expensive ruby ever sold at an auction house, the Sunrise Ruby that fetched over 30 million US dollars in 2015, beating all previously held records. While the July birthstone is found all over the world, including Africa, Australia and America, rubies from Myanmar, formerly known as Burma… In December 2015, Christie’s Hong Kong offered such a gem, an exceptional Burmese ruby and diamond ring of 15.04 carats known as ‘The Crimson Flame’, which fetched just under $18.5 million. This superb 10.05-carat Burmese ‘pigeon blood’ ruby ring was created by Faidee, a brand synonymous with the rarest and most sought-after gemstones. Sold for CHF 365,000 on 18 May 2016 at Christie’s in Geneva. So, a great deal is given to minimize stone wastage while shaping or refining the rubies. The Burmese use of Rubies traces back to 2500 BC. We also recommend checking out Etsy for some unique and hard to find loose and mounted rubies. Always ask about the origin of the stone, and check certification and the after sales policies. It went on to realise more than $1 million per carat when it sold for $10.2 million at Christie’s in Hong Kong. They have a particular sparkle and are rich in color saturation. The Burmese people believe that rubies help protect the wearer from the 96 diseases that can afflict the human body — they definitely wanted to ensure that Elizabeth remained hale and hearty. At the time, Burmese rubies were considered the finest in the world. One of the main reasons that Burmese rubies are so valuable is because of their very specific, extremely saturated colour, caused by a high chromium content in the ground from which they are extracted. Burma (now Myanmar) is a rich source of ruby mines that has produced high quality rubies since sixteenth century. They had to insert them … Put all these factors together and you are left with a stone that is rich, dynamic and simply stunning in appearance. The ruby came from a mine in Burma, present-day Myanmar. (p15) Trabert & Hoeffer had formed a working partnership with the French jeweler Mauboussin from 1935 to 1953; (p9) this partnership allowed Trabert & Hoeffer access to European jewels. Burmese rubies are still some of the most prized of all ruby gems. Beautiful Burmese ruby listed as having ‘no indication of heating’. Burmese ruby value can vary based on the quality of the individual stone in question. Rubies tend to have significant inclusions, so eye clean specimens are rare. In central Myanmar, the area of Mong Hsu began producing rubies during the 1990s and rapidly became the world's main ruby mining area. Just because a ruby is from Burma does not automatically mean that it is of the highest quality and therefore should be more expensive. This article provides a short history on the ban on Burmese gems, including the latest news on the sanctions. We intend to share with you the story that your gemstone tells us on its very individual history and personality. In historic terms, Mogok rubies are in a class by themselves. Burmese rubies compared. As Jewelry Shopping Guide  editors, we write about things that we love and we think you'll like too. He tells much of this history via anecdotes and personal communications, using a variety of unique Burmese … A pair of ruby and diamond ear pendants by Cartier. Myanmar's economy depends on agriculture for 56% of GDP, services for 35%, and industry for a minuscule 8%. Mozambique Ruby Prices per Carat. Although very difficult to compare with Burmese ruby due to the fundamental chemical … These famed mines in Burma are almost mined out, which makes Burmese rubies very rare. A rare Burmese ruby memorializes a philanthropic woman At 23.1 carats, the gem is one of the largest Burmese rubies in the world. Prices for Burmese rubies are at a premium as the number of stones for sale is limited to items imported before the act. Edmond Chin is the creative mind behind the Etcetera brand, which he founded in 2000. C omparatively speaking, the price of Mozambique ruby is relatively cheap. They believed it bestowed invulnerability. Ruby is one of the most exquisite looking gemstones found in the history of the gemstone world. It is now legal to import Burmese ruby and jade to the US. Prices for Burmese rubies are at a premium as the number of stones for sale is limited to items imported before the act. The ruby came from a mine in Burma, present-day Myanmar. See it here. You’d be wrong. Often all that is needed to realise a genius idea is a colossal amount of time and effort, luxuries which very few can say they enjoy. Rubies command higher prices per carat than any other gemstone apart from coloured diamonds — and over the years ‘pigeon blood’ stones from Burma have sparked serious excitement in Christie’s international salerooms, A ruby and diamond necklace by Cartier. An exceptional ruby and diamond ring by Cartier. Sri Lanka has a long history with gemstones and is a great source of sapphires, rubies… Other sources, such as Kenya and Afghanistan, produced the occasional stone which could stand with Burma's best, but these were exceptions. Export products include rice, oil, Burmese teak, rubies, jade, and also 8% of the world's total illegal drugs, mostly opium and methamphetamines. It soared past its pre-sale estimate of CHF 50,000-80,000, before selling for CHF 365,000. - Courtesy Harry Winston Red is the color of our most intense emotions—love and anger, passion and fury. Smooth as silk “Pigeon’s blood” rubies are most coveted, but the next best color is “rabbit’s blood.” In Burmese gem … None more so than an unheated stone weighing more than 15 carats, with near perfect crystallisation and a ‘pigeon blood’ red colour. Most Burmese rubies come from the districts surrounding Mogok and Mong Hsu, regions in the north and north-east of Burma respectively. The existence of rubies in Burma was brought to the attention of Europeans by explorer Marco Polo in the 13th century. According to folklore, rubies were gifts for giving superior strength to warriors. It broke all previously held records for prices of colored gemstones. Privacy Policy, A pair of ruby and diamond ear pendants by Cartier, A magnificent ruby and diamond necklace by Etcetera, a necklace featuring a collection of 48 oval and cushion-shaped rubies, 10.05-carat Burmese ‘pigeon blood’ ruby ring was created by Faidee, An exceptional ruby and diamond ring by Cartier, A magnificent and rare ruby ring by Bulgari. Ruby from Myanmar, tends to be the most visually stunning. Mozambique Ruby Prices per Carat. These are not recommended, especially if you are after an investment piece. In Chinese literature from 200 BC, mentions of Ruby exports via the North Silk Road is evident. In 2008 Congress passed an act that banned the importation of Burmese jade and ruby into the United States. Until the discoveries in Vietnam in the late 1980's, Burmese rubies were without peer. Get the best stories from Christies.com in a weekly email, *We will never sell or rent your information. Burmese or Myanmar Rubies are held in the highest esteem with the most vibrant reds and the fewest blemishes or inclusions. Oscar Heyman Burma ruby and diamond bracelet, $300,000.3. Inclusion minerals in these rubies are dominated by calcite, dolomite, and rutile with lesser numbers of apatite, feldspar, and probably pyrrhotite and spinel. While the Burmese rubies remain unparalleled in its color and beauty, Mozambique rubies are now supplying over 30% of the world’s rubies. The second main factor is the presence of miniscule inclusions that increase the dispersion of light across the surface of the gemstone. Burmese Sapphire Giants • Large Burma Sapphire A brief history of Burmese (Myanmar) sapphires, along with details of some of the major pieces of yore. Sold for $14,165,000 on 20 April 2016 at Christie’s in New York. By the late 1700s, the brilliance of the Burmese ruby became renowned to the world. They’re found in river gravel or in marble created over millions of years from limestone in the belt of metamorphic rock in the area. Sold for HK$100,360,000 on 2 June 2015 at Christie’s in Hong Kong. However, in general, you can find high quality Burmese rubies priced around $10,000 per carat. The history and legacy of Burmese rubies is unparalleled. Cut – Rough ruby is neither easily accessible nor affordable. Burmese rubies are associated with quality because of their intense color, perfect quantities of silk, and strong fluorescence. Burmese rubies, known for their clarity and deep red hue, command premium prices in the marketplace. Long before Marco Polo found his way to Asia, Burmese … Named after Alan Caplan, a famous mineralogist and gemstone dealer, this magnificent 15.97 carat Burmese ruby brought $3.63 million or $227,301 per carat. Always ensure that the retailer you choose has a proven track record and is known for their reliability and trustworthiness. A model holds the 'Sunrise Ruby' (R) a Burmese ruby weighing 25.59 carats, and the 'Historic Pink Diamond', a Fancy Vivid diamond weighing 8.72 carats during an auction preview at Sotheby's auction house in Geneva, Switzerland, May 6, 2015. This gives a silky, soft touch to the color and increases its light performance. Our family has a rich history of close ties to Burma. The history of rubies is a story rich in splendour and mystery. One more modern allusion to this legend is in The Wizard of Oz. Five generations have passed since our family mined rubies in Mogok, but we still have strong connections with ruby sources in the country. Even so, you would think a stone of this color and quality would sell. Faidee was founded by Roop Chand Lunia, nicknamed the ‘King of Burmese Rubies’. A magnificent ruby and diamond necklace by Etcetera. The rubies and diamonds were set in a series of rose motifs, and if you know your English history, you’ll recognize a heraldic rose that combines white and red petals as the Tudor rose. The necklace was purchased by Cartier, and became part of its extraordinary heritage collection. These rubies, found in Burma (present day Myanmar) provide the cream of the crop of rubies, noted primarily for their color. Each lot produced several minutes of intense bidding before the earrings, bracelet and necklace sold for a combined total of $5.4 million. Sylva & Cie. dagger earrings with Gemfields rubies… Ruby is gem-quality red corundum. Combining the highly sought-after ‘pigeon’s blood’ red typical of old Burmese material and a high degree of transparency, which is rare in rubies, it came to auction with a pre-sale estimate of between $400,000 and $600,000. Sold for HK$78,940,000 on 29 November 2016 at Christie’s in Hong Kong, HKCEC Grand Hall. However, it wasn’t enough to just wear the rubies. Ruby in Chinese History. Rubies from Burma are addressed by many names including, Mogok Ruby, Old … They are associated with love, passion, and power. Many people are employed in the sector and we wouldn’t want people to lose their livelihood,” says Dev Shetty, president and chief executive of Fura … Queen Victoria recalls in her journal having received this extraordinary ruby and diamond parure from Prince Albert in 1849. The Collection of Mrs Lily Safra, featuring storied jewels of most remarkable quality, was 100 per cent sold, realising $37,924,551. This refers to vivid, beautifully saturated gemstones of a color reminiscent of the blood of pigeons that are among the most highly priced and the most sought after. These stones have already exceeded diamonds in their value and are greatly sought after by collectors worldwide. Though ruby has a long history, it wasn’t recognized as a variety of corundum until 1800. The color comes from traces of chromium. This keeps prices high and their demand always outweighs supply. To commemorate the 50th anniversary of The Wizard of Oz, Harry Winston created real ruby slippers set with 4,600 rubies. These mines were famous for producing about 90 percent of all pigeon blood rubies. Couple this with the natural red fluorescence of the gemstone and these rubies obtain a rich, highly intense infusion of color. A ruby flower brooch by JAR. Many people are employed in the sector and we wouldn’t want people to lose their livelihood,” says Dev Shetty, president and chief executive of Fura Gems, a Dubai headquartered mining and marketing company. More than 20 minutes of bidding saw the final price reach the $3.6 million mark — at the time the highest price-per-carat ruby ever sold. In Sanskrit, the ruby is called Ratnaraj or King of Precious Stones. These precious gems have been mentioned in the Bible, worn by royalty throughout human history, and believed to protect ancient warriors in battle. The Burmese people believe that rubies help protect the wearer from the 96 diseases that can afflict the human body — they definitely wanted to ensure that Elizabeth remained hale and hearty. Towards the end of the evening session in which many of the actress’s most iconic jewels were sold, a suite of ruby and diamond jewellery by Cartier was offered in three consecutive lots. A ruby and diamond bracelet by Cartier. Learn fascinating stories about rubies in popular culture, religion, health, magic, love, literature, astrology, and the world's most famous rubies. The history of rubies is a story rich in splendour and mystery. Your Ultimate Guide to Vintage Coro Jewelry. Check out our quick review comparing these retailers and more here. Stones lighter than this are called pink sapphire. There are large deposits of rubies and the sapphires from this area are more rare. 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