Largest ruby ever to come to auction may fetch over $30 million

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Largest ruby ever to come to auction may fetch over $30 million
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A 55.22-carat ruby is poised to become the largest — and should it sell for over $30.3 million, the most valuable — gem of its kind ever to appear at auction

The stone is set to go under the hammer in New York in June, less than a year after Canadian firm Fura Gems discovered it at one of its mines in Mozambique.

Although record gemstone sales are dominated by diamonds — colored ones, in particular — rubies are also considered among the world's rarest and most valuable gemstones. The current auction record for a ruby was set by the Sunrise Ruby, a 25.59-carat stone found in Myanmar that fetched $30.3 million in Geneva, Switzerland, in 2015.Courtesy of Sotheby's

In a statement, Fura Gems' founder and CEO, Dev Shetty, said stones of such size and quality are"almost unheard of."

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