Auctions

This 55-Carat Ruby Could Fetch More Than $30M at Auction

AuctionsApr 06, 2023

This 55-Carat Ruby Could Fetch More Than $30M at Auction

The 55.22-carat “Estrela de Fura” is headed to Sotheby’s Magnificent Jewels sale in June.

20230406_EstreladeFura1.jpg
This 55.22-carat “Estrela de Fura” ruby is expected to break auction records at Sotheby’s New York in June.
New York—A pink diamond isn’t the only draw for color lovers at Sotheby’s this spring.

In addition to the 10.57-carat purplish pink diamond, called “The Eternal Pink,” headlining the June 8 Magnificent Jewels sale, an important ruby also will be up for sale.

The “Estrela de Fura” is a 55.22-carat Mozambican ruby cut from a 101-carat rough stone Fura Gems mined last year in Montepuez.

At the time of the discovery, Fura noted that such large scale rubies typically have “significant impurities or low cutting yield,” in contrast to the Estrela de Fura (Portuguese for “Star of Fura”), which has a vivid red hue and high clarity.

The Gübelin Gem Lab noted, “Already in its rough state, the Estrela de Fura showed its extraordinary quality traits with a potential to become a one-of-a-kind gemstone. The cutter was able to realize this potential and created a faceted ruby with an astounding 55.22-carat weight, displaying a saturated and homogenous red color, combined with a degree of clarity unseen in any other unheated ruby of comparable size.”

According to Fura, it is the largest gem-quality ruby ever uncovered.

20230406_EstreladeFura2.jpg
Another view of the Estrela de Fura


The red hue is categorized as “pigeon’s blood,” a term typically reserved for Burmese rubies.

The cushion-shaped stone has, “vivid red hues due to multiple internal reflections,” per its report from the Swiss Gemmological Institute (SSEF).

The ruby contains chromium, which, when exposed to ultraviolet light like sunlight, causes red fluorescence, giving the effect of a glow from within, Fura Gems and Sotheby’s said.

The auction house expects the Estrela de Fura to garner at least $30 million at the Magnificent Jewels sale on June 8.

20230406_EstreladeFura3.jpg
Head of Sotheby's Jewelry, Americas, Quig Bruning, said of the Estrela de Fura: “It is undoubtedly positioned to become the standard bearer for African rubies—and gemstones in general, bringing global awareness to their ability to be on par with, and even outshine, those from Burma, which have traditionally been the most desirable and recognizable source for rubies.”


The current world record for any ruby sold at auction is $30.3 million for the “Sunrise Ruby,” a 25.59-carat Burmese ruby sold at Sotheby’s Geneva in May 2015.

It also established the highest price per carat for any ruby sold at auction, at about $1.19 million per carat.

Interestingly, the Sunrise Ruby will hit the auction block again soon, this time at Christie’s New York as part of “The World of Heidi Horten” sale, which is expected to garner more than $150 million, topping the record for any private jewelry collection, a record held by Elizabeth Taylor’s estate that garnered $137.2 million in 2011.

 Related stories will be right here … 

The Latest

Stock image of woman on laptop with charts
SurveysFeb 29, 2024
Want Insight Into Industry Salaries? Check Out This Careers Guide

From bench jewelers to appraisers, Jewelers of America’s updated guide shares an overview of how much industry employees are being paid.

Victoria Gomelsky and Valeriya Guzema
Events & AwardsFeb 29, 2024
JVC Announces Luncheon Speakers

Ukrainian jewelry designer Valeriya Guzema will be the focus of a live interview segment.

Sandra Cochran
MajorsFeb 29, 2024
Signet Appoints Former Cracker Barrel CEO to Board

Sandra Cochran has more than 25 years of retail experience.

GIA id100
Brought to you by
Full Disclosure at Your Fingertips

Distinguishing natural diamonds from laboratory-grown stones – now more available than ever – has been difficult for jewelers. Until now.

Symposium logo
Events & AwardsFeb 29, 2024
Symposium ’24 Announces Speaker Lineup

It’s a “who’s who” of the business, marketing, and jewelry world, said the event.

Weekly QuizFeb 29, 2024
This Week’s Quiz
Test your jewelry news knowledge with this short test.
Take the Quiz
JA New York Group Show Director Matthew Tratner
EditorsFeb 28, 2024
Q&A: Matthew Tratner on the Future of JA New York

The industry veteran, who took over as group show director last fall, talks about his vision for the 118-year-old trade show.

Macy’s Herald Square New York store
MajorsFeb 28, 2024
Macy’s to Close 150 Stores Over the Next 3 Years

However, the retailer plans to open more locations for its luxury brands, Bloomingdale’s and Bluemercury.

flashforge pic.png
Brought to you by
WaxJet: Revolution in Jewelry Manufacturing

The WaxJet 400, recognized as the world's fastest wax printer, is bringing in a new era of precision and efficiency to industry.

Shoppers holding bags in winter weather
SurveysFeb 28, 2024
Consumer Confidence Dips in February Amid Uncertainty

The Conference Board’s revised January reading suggests consumers did not start off 2024 as confidently as previously thought.

Marti Stephens
IndependentsFeb 28, 2024
Borsheims' ‘Ike-It’ Award Goes to Shop Manager

Marti Stephens was honored with the annual award.

Indian actress Saiyami Kher celebration sapphires
SourcingFeb 27, 2024
Fura’s New Sapphire Jewelry Is Traceable to the Source

The gemstone mining company’s “Celebration Sapphires” collection has launched in India.

National Jeweler columnist Lilian Raji
ColumnistsFeb 27, 2024
The PR Adviser: Leveraging Those Early Victories

Lilian Raji offers advice to a “small brand with big dreams” that is unsure of what its next step should be.

Nikia Levesque
MajorsFeb 27, 2024
Nikia Levesque Joins WJA Board as Foundation VP

The association also announced five new board members.

Matteo Farsura Italian Exhibition Group
Events & AwardsFeb 27, 2024
IEG Names New Exhibition Manager for Jewelry, Fashion Division

Matteo Farsura, former exhibition manager of Vicenzaoro, will oversee the Italian Exhibition Group’s various jewelry and fashion shows.

Lightbox lab grown diamond pendant in yellow gold
Lab-GrownFeb 26, 2024
Lightbox ‘Significantly’ Lowered Its Prices in Q4

The De Beers-owned lab-grown diamond company dropped the price on its standard offerings from $800/carat to $600/carat.

JA New York signs
Events & AwardsFeb 26, 2024
JA New York to Bring the Diamond District to Spring Show

The upcoming show will have an immersive “47th Street Experience” for attendees.

GIA Dubai laboratory
GradingFeb 26, 2024
GIA Opens Lab in Dubai

The new DMCC Laboratory at Uptown Tower will initially serve clients in Dubai free trade zones.

Rolex Oyster Perpetual Day-Date 36 with affirmations
WatchesFeb 23, 2024
Rolex to Open New Watchmaking School in Dallas

The Rolex Watchmaking Training Center will welcome its first class this fall.

Guzema Freedom heart pendant for Ukraine
CollectionsFeb 23, 2024
Piece of the Week: Guzema’s ‘Freedom’ for Ukraine Pendant

Ukrainian jewelry designer Valeriya Guzema’s charitable “Freedom” collection is inspired by hope for the country’s future.

Buccellati header
TrendsFeb 22, 2024
Buccellati to Open ‘Prince of Goldsmiths’ Exhibition

Set to be held in Venice, it’s a look through the maison’s history.

813-carat “Constellation” diamond in rough form
SourcingFeb 22, 2024
Lucara, HB Group Partnership Revived

It is another 10-year sales agreement in which all the larger rough recovered from the Karowe mine will go to HB Group for manufacturing.

Sebastian Clarke and Katherine van Dell of Heritage Auctions
AuctionsFeb 22, 2024
Heritage Auctions Adds 2 New Hires to West Palm Beach Office

Sebastian Clarke and Katherine van Dell, frequent appraisers on “Antiques Roadshow,” will join the new office.

National Jeweler columnist Sherry Smith
ColumnistsFeb 21, 2024
On Data: January Was a ‘Mixed Bag’ for Independent Jewelers

Sherry Smith dishes on the month’s highs and lows and the two categories consumers were loving ahead of Valentine’s Day.

Stock image of diamonds
GradingFeb 21, 2024
GIA’s Same-Day Service Now Available Everywhere

The new service, introduced to stem fraud related to lab-grown diamonds, will be offered at no cost for the time being.

Jam + Rico Claire’s jewelry
CollectionsFeb 21, 2024
Jam + Rico Debuts Second Claire’s Collection

Founder Lisette Scott was inspired by the intricacy, colors, and symbolism of African art and architecture.

Rapaport logo
SourcingFeb 21, 2024
Rapaport to Hold Another Natural Pearl Auction

Viewings start this week in New York and bidding will close on March 8.

National Jeweler columnist Peter Smith
ColumnistsFeb 20, 2024
Squirrel Spotting: Life After Rolex

Peter Smith shares advice from independent jewelers who used losing this cornerstone brand as a catalyst for reinvention.

×

This site uses cookies to give you the best online experience. By continuing to use & browse this site, we assume you agree to our Privacy Policy