Sotheby's to auction world's largest ruby in New York in June

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Sotheby's to auction world's largest ruby in New York in June
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The largest ruby in the world to come to auction will be offered by Sotheby's in New York in June, the auction house said at a preview in Hong Kong on Monday, and is estimated to achieve more than $30 million.

That would probably make the 55.22-carat gem, known as the Estrela de Fura, the most expensive ruby ever sold at auction, said Uni Kim, a specialist in Sotheby's jewellery department in the Asian financial capital.

The current world record for a ruby sold at auction was set in May 2015 by "Sunrise Ruby," a 25.59-carat Burmese stone that fetched $30.3 million at Sotheby's in Geneva. Kim said the ruby, to be offered at Sotheby's Magnificent Jewels sale, was a 101-carat rough gemstone when first discovered, fuelling excitement among many in the gem industry.

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