عربي English Türkçe اردو فارسى
Logo
Latest News
Varieties

Sotheby’s to Auction World’s Largest Ruby in New York in June

An employee shines a light at the 55.22 carat "The Estrela de Fura" ruby, the largest in the world and expected to fetch up to $30 million in an upcoming New York auction, during a preview at Sotheby's, in Hong Kong, China April 17, 2023. (Reuters)
An employee shines a light at the 55.22 carat "The Estrela de Fura" ruby, the largest in the world and expected to fetch up to $30 million in an upcoming New York auction, during a preview at Sotheby's, in Hong Kong, China April 17, 2023. (Reuters)
TT
20
TT

Sotheby’s to Auction World’s Largest Ruby in New York in June

An employee shines a light at the 55.22 carat "The Estrela de Fura" ruby, the largest in the world and expected to fetch up to $30 million in an upcoming New York auction, during a preview at Sotheby's, in Hong Kong, China April 17, 2023. (Reuters)
An employee shines a light at the 55.22 carat "The Estrela de Fura" ruby, the largest in the world and expected to fetch up to $30 million in an upcoming New York auction, during a preview at Sotheby's, in Hong Kong, China April 17, 2023. (Reuters)

The largest ruby in the world to come to auction will be offered by Sotheby's in New York in June, the auction house said at a preview in Hong Kong on Monday, and is estimated to achieve more than $30 million.

That would probably make the 55.22-carat gem, known as the Estrela de Fura, the most expensive ruby ever sold at auction, said Uni Kim, a specialist in Sotheby's jewellery department in the Asian financial capital.

"It is from Mozambique, which is also one of the new and more popular origins that we see for rubies, apart from the more traditional and the classic Burmese pieces," Kim added.

The current world record for a ruby sold at auction was set in May 2015 by "Sunrise Ruby," a 25.59-carat Burmese stone that fetched $30.3 million at Sotheby's in Geneva.

The new stone, whose name means "Star of Fura" in Portuguese, was unearthed from mining company Fura’s ruby mine in Mozambique's northern region of Montepeuz in July 2022.

Kim said the ruby, to be offered at Sotheby's Magnificent Jewels sale, was a 101-carat rough gemstone when first discovered, fueling excitement among many in the gem industry.

The quality and size of the gemstone "is almost unheard of", Dev Shetty, the chief executive of Fura Gems, said in a statement.

"We estimate Estrela de Fura to be sold in excess of $30 million," Kim added. "Hopefully we'll be able to see it just setting a new record for Mozambique rubies."

After being exhibited in Hong Kong, the gem will be displayed in Taipei, China, Singapore, Geneva and Dubai, before being auctioned in New York on June 8.

Most Viewed

 
Varieties

Firefighters Battle a Wildfire Burning Out of Control on the Greek Island of Chios

A firefighting helicopter during firefighting operations on Chios Island, Greece, 24 June 2025. EPA/KOSTAS KOURGIAS
A firefighting helicopter during firefighting operations on Chios Island, Greece, 24 June 2025. EPA/KOSTAS KOURGIAS
TT
20
TT

Firefighters Battle a Wildfire Burning Out of Control on the Greek Island of Chios

A firefighting helicopter during firefighting operations on Chios Island, Greece, 24 June 2025. EPA/KOSTAS KOURGIAS
A firefighting helicopter during firefighting operations on Chios Island, Greece, 24 June 2025. EPA/KOSTAS KOURGIAS

Hundreds of firefighters backed up by aircraft were battling a wildfire burning out of control for the third day on the eastern Aegean island of Chios Tuesday, with authorities issuing multiple evacuation orders.

Towering walls of flames tore through forest and agricultural land on the island, where authorities have declared a state of emergency and have sent firefighting reinforcements from Athens, the northern city of Thessaloniki and the nearby island of Lesbos, said the Associated Press.

By Tuesday morning, the fire department said 444 firefighters with 85 vehicles were tackling the blaze on scattered fronts. Eleven helicopters and two water-dropping planes were providing air support.

Emergency services have issued evacuation orders for villages and settlements in the area since Sunday, when fires broke out near the island’s main town. The fire department has sent an arson investigation team to Chios to examine the cause of the blaze.

“We are faced with simultaneous fires in multiple, geographically unconnected parts of the island — a pattern that cannot be considered coincidental,” Climate Crisis and Civil Protection Minister Giannis Kefalogiannis said Monday from Chios. Authorities, he said, were “very seriously examining the possibility of an organized criminal act, in other words arson.”

The minister said police forces on the island had been reinforced, while military patrols had been doubled.

“Whoever thinks that they can play with the lives of citizens and cause chaos with premeditated actions will be led to court,” Kefalogiannis said. “Arson is a serious crime and will be dealt with as such.”

Wildfires are frequent in Greece during its hot, dry summers. In 2018, a massive fire swept through the seaside town of Mati, east of Athens, trapping people in their homes and on roads as they tried to flee. More than 100 died, including some who drowned trying to swim away from the flames.