Lot 2020. A 7.06 Carat Burmese ‘Pigeon Blood’ Ruby and Diamond Ring. Estimate HKD 9,500,000 - 12,000,000 (USD 1,212,447 - 1,531,512). Lot sold HKD 11,210,000 (USD 1,430,687). © Poly Auction.
Set with an cushion-shaped ruby weighing 7.06 carats, flanked on each side with an oval-shaped diamond weighing 1.09 and 1.01 carats respectively, mounted in 18K gold, ring size 6.
Accompanied by report no. 102131 dated 28 August 2017 from SSEF stating that the 7.06 carat ruby is of Burma origin, pigeon blood colour, with no indication of heating.
Also accompanied by a SSEF appendix to report no. 102131 stating that the ruby from Burma of this size and quality can be considered rare and exceptional.
BURMA RUBY
Burma (Myanmar), renowned as the best origin of Ruby over a millennium. It produces and commands the highest per-carat price beyond any coloured stones and continues to maintain its place in the world market. The most significant factor in determining a ruby’s value is colour. The best colour is that of a pure hue combined with strong saturation, without significant brown, orange or purple hues, and be neither too dark nor to light. Burmese ruby’s chemical composition causes the fiery red to be further enhanced by a red fluorescence under UV rays-sunlight and most lighting conditions. Every gemstone has its unique internal environment. It is its own testimony to the secrets deep underneath the Earth. Inclusions are expected to exist in rubies, such as needles and small crystals while some inclusions can make a positive contribution to ruby’s appearance. The typical inclusion of Burmese rubies, rutile silk, can cause light to scatter across the body of the gem, thus creating a more vivid colour and a distinctive texture.
‘Pigeon Blood Red’ is a phrase widely used in trades and accepted by gemmological laboratories to indicate the most striking and arresting colour of a ruby. Tactile, ardent, significant and majestic, reminiscent of the burning fire and the flowing blood, a ‘Pigeon Blood Red’ ruby can command the highest price of any coloured stones, at the same time providing a safe long-term investment. The common and historical practice in the ruby market is to heat treat the rough so as to enhance its colour and clarity. Natural rubies over five carats that have not been heated are extremely rare, precious and magnificent.
Poly Hong Kong. Magnificent Jewels, 2 october 2018, Grand Hyatt Hong Kong