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
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 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.”
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