‘Sunrise Ruby’ becomes the highest-selling ruby ever, hammer price of $30 Million

The 25.59-carat, pigeon-blood-red “Sunrise Ruby” completely blew away all estimates and records yesterday when it sold for an astounding $30.4 million at a Swiss Auction.

A close-up of the gorgeous, record-breaking Ruby ring. Courtesy Sothebys.com

A close-up of the gorgeous, record-breaking Ruby ring. Courtesy Sothebys.com

Sotheby’s described The Sunrise Ruby — Lot 502 of the May 12 sale — as a superb and extremely rare ruby and diamond ring by Cartier. The cushion-shaped ruby is set between two shield-shaped white diamonds weighing 2.47 carats and 2.70 carats, respectively.

A grading report by Gübelin states that the ruby is of Burmese origin and exhibits a well-proportioned cutting style.

Notes the report, “Its vivid but saturated color, poetically referred to as pigeon blood red, is due to a combination of well-balanced trace elements in the stone, typical and characteristic for the finest rubies of Mogok.”

The Ruby ring examined before being put up for auction last night. Image courtesy of Sothebys.com
The Ruby ring examined before being put up for auction last night. Image courtesy of Sothebys.com

The Sunrise Ruby easily eclipsed initial investor’s estimates of a hammer price between $12-18 million, soaring past the necessary $25 million mark to become the most expensive gem that wasn’t a diamond ever sold.

“Something like this ruby is rarer than even once-in-a-lifetime. This is a millennium piece,” said Chief Designer Koorosh Daneshgar, owner of Wedding Bands & Co. “The beauty of the stone, how perfectly it’s cut…it’s something that can only be described as flawless. It is as much a work of art as it is a gorgeous stone.”

“This is exactly the kind of feeling you want when you design a ring as well – something that can’t be found anywhere else, that is flawless. You want your own work of art, like this stone, which will be worth more than $30 million. With the right amount of creativity, skill and care, it will be priceless.”

One of the beautiful ruby pieces designed by Koorosh Daneshgar.
One of the beautiful ruby pieces designed by Koorosh Daneshgar.

Want to hear more from Wedding Bands & Co? Be sure to subscribe to our blog, or check us out on Facebook or Twitter! Our Instagram is always updating, and we’re more than happy to help design a wearable work-of-art for our clients through our online store.

Ramping up for Mother’s Day; Royals, Jewelry and Joy

Moms from coast to coast should be delighted on Sunday because their families are expected to spend $4.3 billion on jewelry gifts for Mother’s Day. This dollar amount represents an all-time high and is nearly 20% more than was spent on jewelry in 2014. What’s more, 34.2% of shoppers said they would splurge on jewelry this year, up from 31.7% last year.

According to the National Retail Federation’s 2015 Mother’s Day Spending Survey, total Mother’s Day expenditures are expected to exceed $21 billion. Americans will spend an average of $172.63 on their moms, a $10 increase over 2014.

The biggest spenders this Mother’s Day are expected to be 25- to 34-year-olds ($244.32), compared to 18- to 24-year-olds, who plan to spend an average of $214.81.

While jewelry certainly has the biggest “wow” factor of all Mother’s Day gifts, flowers, gift cards and apparel are all expected to be strong categories.

An amazing jeweled rattle. Image courtesy of The Natural Sapphire Company of New York.
An amazing jeweled rattle. Image courtesy of The Natural Sapphire Company of New York.

Of course, some Mother’s Day gifts are out-of-this-world. Presented to the Duchess of Cambridge by the Natural Sapphire Company of New York in celebration of the birth of Princess Charlotte this past Saturday, this $45,000 rattle is absolutely dazzling. It is encrusted with sapphires, rubies and diamonds in the shape of England’s Union Jack, and is promised to be cast in 18K Welsh White Gold – matching that of the Royal couple’s wedding bands.

The Royal Family, after the birth of Princess Charlotte
The Royal Family, after the birth of Princess Charlotte

Last year, for the birth of their son Prince George, NSCo were similarly extravagant, crafting a beautiful and breathtaking sapphire pacifier, based on the design of Kate Middleton’s (and formerly Princess Diana’s) engagement ring.

A Princess Diana-inspired 18K gold pacifier. Image courtesy of The Natural Sapphire Company of New York.
A Princess Diana-inspired 18K gold pacifier. Image courtesy of The Natural Sapphire Company of New York.

Of course, whether big or small, Mother’s Day is about showing your appreciation to all of the mothers in your life, whether it be your own or the mother of your children. “They don’t get enough thanks throughout a normal day,” says Koorosh Daneshgar, Chief Designer and CEO of Wedding Bands & Company, “so it’s important to pack everything you can into the one day meant for it. Sometimes, the gifts are disguised as being for the babies or children, but it’s clearly designed for the mother as thanks.”

If you’re interested in browsing our selection of Mother’s Day gift selections, make sure to check out our special Mother’s Day page. Have any nice pictures or comments about your mom and Mother’s Day? Share them with us on Facebook or Twitter!

Charlotte

And remember: Thanks, Mom!

From the desk of Koorosh: Surprises and Engagements

Chief Designer and CEO of Wedding Bands & Co. Koorosh Daneshgar speaks of an experience he recently had during a family outing, and how important it is to make a strong impression with your proposal:

“This past weekend, my family and I visited the Chicago Conservatory in Garfield Park. If you’ve never been before, the Conservatory is a large greenhouse, filled  and surrounded with thousands of beautiful and exotic plants from all around the world. It’s truly a breathtaking experience, and I highly encourage you to visit sometime. It was very relaxing to walk around with nature, observing and becoming inspired by it. 

Chief Designer Koorosh Daneshgar poses at the Conservatory
Chief Designer Koorosh Daneshgar poses at the Conservatory

What was interesting, however, was what I found inside one of the greenhouse rooms proper. After following the spiraling path through the building, one comes upon a small waterfall-turned-wishing well. It was filled with coins, of course, but what really got to me was the fact that the coins were arranged, rather than randomly tossed. I’ll let this video I took speak for itself.”

 

“It’s simple, but unforgettable. Engagements can be big and flashy or small and private, and anywhere in between – but the important thing is that they are memorable. You only get one chance, after all! To me, the proposal is just as important as the ring you’re trying to wow your partner with. You need to be creative like this person, you need to have the kind of touch that makes that moment truly your own. It needs to be something that you’ll look back at for years to come. After all, the ring can always be changed or upgraded later – but you only get one chance for your partner to say ‘Yes!'”

20150308_122131