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.”
It’s not every day that you get to witness a proposal, but Cody was kind enough to invite us (and, well, the rest of Youtube) into his living room for his Christmas-morning engagement. His engagement is certainly creative enough, but what’s truly unique is his about-to-be-fiancée’s reaction to it! If you haven’t seen it already, check out the video below:
Cody starts off by giving her the proposal present, a giant box filled with cardboard letters. She begins to read out each letter in turn, quickly getting through W-I-L-L before piecing the rest together at the start of “Y-O-U.” Her sobs of joy are truly heartfelt, and she can’t even control herself as Cody tries to make his proposal speech! Thankfully, Cody quickly gets to the important question, resulting in a truly loving – if tearful – embrace.
It really hits you in the gut to watch, but it’s undoubtedly cute. And it’s certainly something that they’ll be talking about for the rest of their lives (together!) “That’s exactly the kind of reaction we want someone to have with an engagement,” said Koorosh Daneshgar, CEO and Chief Designer of Wedding Bands & Co. “An engagement is 25% the ring, and 75% the execution behind it!” Koorosh loved the video so much, in fact, that he and the rest of Wedding Bands want to reach out to Cody and offer him a gold men’s wedding band in return for making his fiancée’s Christmas one that she’ll never be able to forget.
Love spans multiple generations, as anyone can tell you. And, when Eric came into Wedding Bands & Company to design a ring with Ring Master Koorosh Daneshgar, he had something special in hand and in mind. Eric wanted to build and design a special ring that would last through the ages, though one that incorporated the past as well as the future. In order to do that, he supplied a very special diamond, courtesy of his girlfriend’s family. What was created through Eric’s love and devotion to Jessica was a truly special and unique piece, a monument to their bond together.
It all started back in 1947, when Jessica’s grandfather (or, as the affectionate term she called him by, ‘Zaide,’) began picking out a ring for her grandmother. As a jeweler, he knew what to look for in terms of quality, and strove to give his future wife the ring she deserved; nothing but the best! It was a diamond and ring of great personal significance, one that later became an heirloom to the family. So, when the time came for Jessica to marry, her family made the decision to pass along this brilliant ring to be made anew.
When Eric and Jessica first brought the ring in, Koorosh was stunned by the design and quality of the diamond. “It has the whitest color, perfectly cut…nearly flawless interior and clarity. It really shows the passion and drive that Jessica’s grandfather had for his profession, as well as the devotion to his wife.” Jessica wanted this passion to carry on, not only within the ring but on the diamond itself, through a small but heartfelt engraving: “Zaide 1947.”
“When you buy a diamond or a ring,” says Koorosh, “you want the goal for it to become a cherished memory, an heirloom like this one has. You want for it to last for years, so you can pass it down to children or grandchildren and let it survive in your family as a treasure!”
As Jessica had supplied the diamond for her ring, Eric wanted to design the mounting to be just as beautiful and important to her. Like the diamond, he wanted something that would be a lasting symbol of their relationship, and something that they could similarly pass beyond themselves into their growing family. He succeeded in this respect by choosing a platinum-based band – which, being that platinum is much stronger and more durable than gold, fulfilled his requirements precisely. Furthermore, he sought to enhance and highlight the diamond through the addition of eye-catching sapphires.
This is where Koorosh, Wedding Bands & Co’s CEO and Chief Designer, stepped in. He had the diamond, the material and a general theme for the ring: that of a throne, something worthy of the beautiful stone set upon it. Now, he needed to find the right inspiration for the design. To do this, he began asking the important questions to Eric: What were the important memories they shared together? Was there anywhere special that meant a lot to them? Where did they meet at?
These questions all pointed to the Lincoln Park area of Chicago, a personal favorite of Koorosh. “There are a lot of young people in Lincoln Park, a lot of couples starting their lives together.” Films like My Big Fat Greek Wedding were filmed there, and a lot of Chicago’s romance buds from the area. Plenty of natural and man-made sights and venues hold special meaning. What Eric sought was strength, a solid foundation to build their lives upon, and the eternal, timeless devotion of their love. From all of these factors, and after a bit of personal inspection of the Park, Koorosh settled upon the masonry and architecture of the Ulysses S. Grant Memorial Statue located east of the Zoo. “The statue, like their ring, is a gateway that links past to present. It is a bridge between two different times, how they can all come together to form a lasting union.” When all of these factors came together, they produced a truly breathtaking, one-of-a-kind piece.