Rubies: The Top 5 at Auction

What does the color red invoke in your mind? Does it bring up thoughts of passion, anger, evil, danger? For gemstones, rubies are considered, ‘the king of precious stones’. These stones are highly prized in cultures from the past and present. At auction these stones are also highly sought after. Jewels du Dour looked at the top rubies at auction for their July 2015 article. I want to update that and include some current rubies that have surpassed the cost per carat of the reigning champs. My table is below:

Ruby_blog_post_top_5_rubies

May of 2015 Sotheby’s topped the charts with the highest amount paid per carat at auction for their Sunrise Ruby Ring. An almost 26 carat ruby that brought in over $30 million for the final bid. The price per carat was over $1 million a first for an auction house to receive for a ruby. The Sunrise Ruby surpassed the highest amount per carat of $997,727 ($8.6 million total) that Sotheby’s received for the 8.62 Graff Ruby auctioned in November 2014. The record was not theirs for long, the Christie’s December auction sold a 15.04 carat ruby for over $18 million making the per carat $1,222,233 a little over $15,000 more per carat than Sotheby’s Sunset Ruby. Then another top selling ruby hit the Christie’s Auction House, a ruby ring by Verdura. I saw this ring at auction, it had a great color and the design was befitting a king,for only royalty could have afforded a ring this grand! I posted pictures that I took below!

Vedura_ruby

It will be interesting to see who comes out on top for the next round of auctions. Diamonds both white and colored have been topping the news as major selling pieces, but I like watching the other precious gemstones go up for auction. If you have any quality rubies you are thinking about parting with it might be time to look into selling before the economy starts going into a recession. I personally feel the country is due for one soon.

Do you own any ruby rings? I have one given by a family member as an heirloom, not as pricey as above but it creates feelings of love and excitement for me! Thank you for reading my article. Sign up for my email above to keep updated! Also for the July birthdays or ruby lovers, the below photos are for you, rubies that I have seen at auction. Check back later for more from Data in the Rough!

Rubys_auction

2 thoughts on “Rubies: The Top 5 at Auction

  • July 9, 2016 at 8:20 am
    Permalink

    Hi Michelle! If I had to pick one of these rings to wear for the day, it would be the Graff ruby and diamond ring, it’s easily my favorite, though a chance to wear any of those rings would be divine! I do have a ruby and diamond ring myself, the ruby is quite dark, but it needs to be resized. I’m with you–I like to see what the diamonds are selling for, but I actually prefer colored gemstones so much more. Another great post!

    Reply
    • July 9, 2016 at 8:51 am
      Permalink

      Hi Jill! That would be hard for me to choose but I am leaning towards the Sunrise ruby. It’s large but I really like the cut! I definitely will keep up the posts that look at the sales of these gems! It’s exciting to see the competition between Sotheby’s and Christie’s!

      Reply

Leave a Reply

Your email address will not be published. Required fields are marked *