【Montepuez, M】The Most Expensive Ruby Sold for $34.8 Million

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Editor’s Note

The Estrela de Fura ruby has set a new world record, selling for $34.8 million at Sotheby’s. At 55.22 carats, it is the largest and most expensive gem-quality ruby ever sold at auction.

The Eternal Pink
Record-Breaking Sale

Here is the most expensive ruby in the world: It is named Estrela de Fura and was sold for $34.8 million at Sotheby’s Magnificent Jewels auction in New York. The stone weighs 55.22 carats and is the largest gem-quality ruby ever offered at auction. The previous world record was held by the Sunrise Ruby, a 25.59-carat Burmese ruby, which was also broken by Sotheby’s in Geneva in May 2015 for $30.3 million.

Origin and Rarity

Estrela de Fura was crafted from a rough ruby of an exceptional weight of 101 carats, discovered and mined in July 2022 at the Fura Gems ruby mine in Montepuez, Mozambique, one of the world’s largest ruby deposits. Its quality makes it an exceptionally rare ruby.

Estrela De Fura, 55.22 ct
Company Statement
“The outstanding result achieved today not only fills us with pride but also represents a milestone in the incredible journey of our company, which has grown exceptionally in just five years. Today, thanks to Estrela de Fura, we have made history: we have set a new world record by selling the largest and most precious colored stone ever offered at auction. With its 55.22 carats, Estrela de Fura is a true wonder of nature, a sensational stone with perfect color and exceptional clarity, fully reflecting the extraordinary quality of Mozambican rubies and setting a significant precedent for Mozambican rubies by elevating them to the status of these Burmese rubies. This stone was a gift of nature to Fura, a once-in-a-lifetime gift, a recognition of the hard work the entire team puts in every day. On this occasion, they cannot help but thank the communities and the government of Mozambique for their continuous support.”

Dev Shetty, Founder and CEO of Fura Gems

About Fura Gems

Fura Gems is a mining company engaged in the extraction and marketing of colored gemstones rubies, emeralds, and sapphires, founded just five years ago. The company is headquartered in Dubai, United Arab Emirates, and employs over 1,600 people across all continents. The company has three branches in Colombia, Mozambique, and Australia for emeralds, rubies, and sapphires. Fura donates 2% of the proceeds from the sale to establish the Fura Training Academy to support the community where the company operates in Mozambique.

Dev Shetty
Auction House Perspective
“We witnessed a historic sale: a ruby from Mozambique as well as one of the most extraordinary and significant stones ever achieved at auction. Estrela de Fura 55.22 literally makes you ecstatic. With its unprecedented size, exceptional color, and extremely rare degree of transparency and purity, it set a new world record and is today officially the most legendary colored stone in the world.”

Quig Bruning, Head of Sotheby’s Jewelry, Americas
Quig Bruning, Head of Sotheby’s Jewelry -Americas &- Emea, oversaw the sale of Estrela de Fura.

Quig Bruning, Head of Sotheby's Jewelry -Americas &- Emea, versees sale of Estrela de Fura
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⏰ Published on: June 30, 2023