BRIEF – Burmese ruby sold for record $30 million

A ‘pigeon blood’ Mogok ruby was sold for a world record US$30.33 million at an auction by Sotheby’s in Geneva on Tuesday. An anonymous telephone bidder bought the 25.59 carat ‘Sunrise Ruby’, set into a diamond ring and part of a collection of Cartier gems, for what is thought to be three times the previous record price for a ruby, according to AFP. Also sold at the auction was a pair of earrings set with diamonds and Burmese sapphires that brought in $3.9 million.