A ruby and diamond ring was the highest seller at Sotheby’s Hong Kong Magnificent Jewels and Jadeite sale this week. Whilst a rare blue diamond ring failed to meet it’s minimum auction price.
The oval shaped ring that holds a 13.6 carat Burmese ruby sold for $10.5 million USD to a private Asian buyer. The ring is embellished by two rose-cut diamonds and flanked by diamond-set prongs which weigh approximately 10.50 carats in total.
The gem has been named Maniraja, meaning King of Jewels, because of its extraordinary qualities. The Swiss Gemological Institute (SSEF) revealed that “A natural ruby from Burma of this size and quality is very rare and exceptional”
The sales of the auction totalled $65 million USD with the ruby and diamond ring taking top price. SSEF describes the ring, designed by India’s BHAGAT, as “a truly unique rarity” and “a true treasure of time.”
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