Jubilee Ruby Ring Sets $14.2 Million Record

Christie’s set a record for the most expensive colored gemstone sold at auction in the United States with its sale of the Jubilee ruby ring on April 20 in New York.

“Top quality Burmese rubies over 15cts are an absolute rarity in the world of colored gemstones,” said Rahul Kadakia, international head of jewelry at Christie’s.

“Top quality Burmese rubies over 15cts are an absolute rarity in the world of colored gemstones,” said Rahul Kadakia, international head of jewelry at Christie’s.

The 15.99-carat Burmese ruby fetched more than $14.1 million at Christie’s New York Magnificent Jewels sale Wednesday, making it the most expensive colored gemstone sold at auction in the U.S. Christie’s disclosed that it was sold to a private European buyer.

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Known as the “Jubilee Ruby,” the gem is set in an 18k gold ring within a circular-cut diamond and polished gold surround designed by Verdura.

Although rubies can be found in various countries, it is the legendary mines of Burma that have yielded the most beautiful gems over the centuries.

“Top quality Burmese rubies over 15cts are an absolute rarity in the world of colored gemstones,” said Rahul Kadakia, international head of jewelry at Christie’s.

“After selling the Jubilee Ruby, the most expensive colored gemstone sold at auction in the United States, we look forward to May 18 in Geneva where we will offer the 14.62 ct. Oppenheimer Blue diamond” Kadakia stated.

Photo: Christie’s

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