Tag Archives: Daneshgar

‘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.