The vast majority of the world's finest Rubies used in today's high jewelry come from the mines in the Magok region of Myanmar (formerly known as Burma).
Highly sought-after and breathtakingly beautiful, their price per-carat continues to rise and achieve record-breaking prices in auctions.
Here is a glimpse into the world of record-breaking rubies -
Back in 2006, Graff acquired an incredibly luscious red gemstone through Christie’s International Auction in St. Moritz.
The gemstone was not just any old stone, but a cushion-cut Burmese ruby weighing in at 8.62 carats.
Graff paid $3.6 Million for this stone ($425,000 per carat), setting the world record at that time.
Inspired by this incredible stone, he designed a new mounting, presumably for a client, and re-christened this unnamed gemstone after himself. Today, it is known as the Graff Ruby.
The ring was then sold to a Greek financier, Dimitri Mavromattis, when just a few years later this magnificent ruby resurfaced once again at Sotheby's Geneva auction where Lawrence Graff couldn't resist the temptation and bought it back yet again, for 8.6 million dollars.
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Little did he know at the time, Mike Todd, Liz Taylor's 3rd husband, bought a magnificent Ruby and Diamond necklace by Cartier for his gorgeous wife.
This incredible piece eventually became the world's most expensive jewelry item ever auctioned when it sold for $115,932,000 at Christie’s. All proceeds went to charity.
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In May 2015, a new gemstone auction record was set by another amazing ruby, known as the Sunrise Ruby. This extraordinary stone was a 25.59-carat, cushion-cut, untreated "pigeon blood" red Burmese ruby, which set the record for being the world's largest ruby.
Today this stone is set in a phenomenal Cartier ring and flanked by white diamonds. A Swiss buyer reportedly paid $30 million for the red gemstone achieving over $1 million per carat.
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Go ahead and dive into our exclusive collection of rubies and ruby jewelry today!