Tag Archives: Ring

‘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.

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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!'”

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Style Guide: Antique Style Engagement Rings

Traditionally, an Antique-style ring describes any ring in a style that’s over 100 years old – so, the turn of the 20th century for us today. The early 1900’s saw a revolution of different design options for the traditional engagement ring, including the inclusion of what’s become known as piercing. Piercing is the practice of creating gaps and holes in the band for stylistic purposes, which itself would evolve into unique styles all its own such as split-shank.

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Chief Designer Koorosh Daneshgar recently designed one such piece, a beautiful platinum band with dozens of small diamonds dotted around it. What emphasizes this ring as a vintage style, along with the piercing along the sides of the center stone, is the intricate nature of the hand engraving along the top and inside of the band.

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“This piece seems like it would be difficult, but the challenge was a lot of fun actually,” says Koorosh. “It’s not often that I get to focus on the details of a ring on such a scale.” Antique style rings are typically wider than the ‘traditional’ solitaire engagement ring, as well as more lavish and luxurious. They reflect upon a time of beautiful detail when work was done entirely by hand, along with all the freedom and imperfections that comes with it, rather than by computer-aided design that most rings today are modeled with.

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