【New York, US】55.22-Carat Ruby Sets Auction Record in New York

Editor’s Note

A record-breaking 55.22-carat ruby, the largest ever to appear at auction, has sold for $34.8 million in New York, setting a new benchmark for the gemstone.

The Estrela de FURA ruby ring is displayed at Sotheby's, Thursday, June 1, 2023, in New York. At 55.22 carats, Estrela de FURA will highlight Sotheby's Magnificent Jewels auction in June of 2023. (AP Photo/Frank Franklin II)
Record Sale for a Giant Ruby

A giant 55.22-carat ruby, named Estrela de Fura, the largest ever offered at auction, was sold on Thursday in New York for $34.8 million (just over €32 million), a record for this gemstone, auction house Sotheby’s announced.

Origin and Auction Details

Cut and polished from a 101-carat rough stone discovered in September in a mine in Montepeuz, Mozambique, operated by Fura Gems, the jewel was the star of this jewelry sale which featured 100 lots.
Offered with a starting price of $21 million (just under €19.5 million), it was knocked down for $30 million (about €27.8 million), or $34.8 million including fees and commissions, to an anonymous telephone bidder.
The release of this extremely rare jewel, exhibited in Hong Kong, Taipei, Singapore, Geneva, Dubai, and New York, was an event for the jewelry world.

Expert Commentary
“It’s a true wonder of nature. Any ruby that comes out of the ground and ends up exceeding five carats as a polished ruby is something rare. A 10-carat ruby is very rare. 20 carats is almost unheard of. A ruby over 50 carats is a once-in-a-lifetime find,” Quig Bruning, head of the jewelry department for the Americas at Sotheby’s, explained to AFP.
Another Record Sale

During the same auction session, “The Eternal Pink”, a rare 10.57-carat pink diamond, sourced from a mine in Botswana, was sold for the same price of $34.8 million, setting a record per carat ($3.29 million) for a stone of this color.

The Estrela de FURA ruby ring is displayed at Sotheby's, Thursday, June 1, 2023, in New York. At 55.22 carats, Estrela de FURA will highlight Sotheby's Magnificent Jewels auction in June of 2023. (AP Photo/Frank Franklin II)
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⏰ Published on: June 08, 2023