Pigeon blood ruby among the rarest of gems sells for a world record £19 3million

Pigeon Blood Ruby Among The Rarest Of Gems Sells For A World Record Of ÂŁ19.3million Ruby is the precious gemstone. A ruby is a pink to blood-red colored gemstone, a variety of the mineral corundum (aluminium oxide).

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The brightest and most valuable shade of ruby red is called blood-red or pigeon blood, which commands a large premium over other rubies of similar quality.

The term “Pigeon blood” has originated in Burma. The local people referred to the finest hue of ruby as “Pigeon's Blood" ruby.

Pigeon’s blood color is a vivid red color of high intensity and low tone. The world's most expensive ruby is the Sunrise Ruby.

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Most gemological labs use spectrophotometers to define the colors of rubies and hence, the term “Pigeon Blood Red” remains only a general term for consumers.

“Pigeon’s blood” act as a term reserved for a handful of rubies that dealers felt exhibited consummate color.

A 'pigeon blood' ruby sold for a staggering £19.3million at a Geneva auction - three times the previous record.

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The 25.59 carat - amongst the rarest of all gemstones was auctioned by Sotheby's alongside a rare pink diamond believed to have once belonged to Napoleon's niece, which commanded more than ÂŁ10million.

The 'Sunrise Ruby' went to an anonymous telephone bidder for 28.25 million Swiss francs, with costs.

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Originally from Myanmar and part of a collection of Cartier jewels up for auction, the stone had been expected to sell for between ÂŁ7.5 and ÂŁ11.5million.

It not only set a record for a ruby, but was also a record for a Cartier jewel at auction, Sotheby's said.

David Bennett, head of Sotheby's international jewelry division, said it had eclipsed a sale made in November.

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'The Sunrise Ruby sold for just over $30 million (£19million), $30.3 million, which makes record over three times the previous record, which was for the Graff Ruby. The large, pigeon-blood red ruby is amongst the rarest of all gemstones.

There’s a link given below. You can see the video of “Sunrise Ruby sells for Auction”

£19.3

billion held at Geneva

video.dailymail.co.uk Another 'extremely rare' stone, a fancy vivid pink diamond weighing 8.72 carats sold for 14.8 million Swiss francs (£10.1million) at the spring Magnificent Jewels and Nobel Jewels auction.

The stone, known as 'The Historic Pink' and mounted on a ring with a classic non-modified cushion cut, is believed to have been part of the collection of Princess Mathilde, niece of French Emperor Napoleon I, according to the Gemological Institute of America.

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The technical characteristics of the stone and the fact that it is so old suggest it may have been found in the famous Golconda mines of India, according to Bennett.

The market for colored diamonds and precious stones has never been so dynamic, according to Sotheby's, with pink diamonds among the rarest.

In October 2014, Sotheby's sold a 8.41 carat pink diamond, which was cut differently, for ÂŁ11.3million.

Rival auction house Christie's will be hosting its spring jewels auction in Geneva on Wednesday.

It said that among the 351 pieces to go under the hammer is the Maria Christina Royal Deviant Corsage diamond brooch, a wedding gift from Spanish king Alfonso XII to his wife, Austrian Archduchess Maria Christina in 1879.

Reference: dailymail.co.uk

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