A Celebration of Jewelry and the Business Behind the Beauty
Leibish & Co
Tuesday, October 25, 2016
The ‘Ratnaraj’ 10-Carat Ruby Could Achieve $12.5 Million At Christie’s
A rare 10.05-carat Burmese Pigeon’s Blood ruby ring will be the lead item at Christie’s Hong Kong Magnificent Jewels sale on November 29. It has a pre-sale estimate of $8.8 million to $12.5 million. Known as the “Ratnaraj” (“King of Precious Stones” in Sanskrit), the auction house says it boasts “significant size, illuminating redness and flawless crystal structure.” The gem comes from the House of Faidee, a century-old gem and jewelry firm known for its trophy collection of Burmese rubies and Kashmiri sapphires. Only a few appear on the market each year. Christie’s says it is extremely rare for a ruby over 5 carats to exhibit exceptional saturation and natural red fluorescence categorized as “pigeon’s blood.” The Magnificent Jewels auction will be held at the Hong Kong Convention and Exhibition Centre. Please join me on the Jewelry News Network Facebook Page, on Twitter @JewelryNewsNet, the Forbes website and on Instagram @JewelryNewsNetwork
This blog is for those who are passionate about jewelry and watches and want to learn more about the industry. It's a place to find the best new products from all over the world and the latest news about the business of jewelry, watches and luxury. Readers gain a backstage pass to the glamour, fun and difficulties of the industry.
I am a freelance writer and editor who covers the luxury jewelry and watch industry for several publications, including Forbes.com the Financial Times, Hong Kong-based JewelleryNetAsiaand the Italian jewelry magazine, VO+. In addition, I have my own blog covering the jewelry and watch industry, Jewelry News Network.