Ruby (Pre-embargo)

Mogok, Myanmar (Burma)
Gems, 0.25 ct ; 3.40 mm
Start Time: 07/14/2022 9:00:00 pm (CDT)
End Time: 07/21/2022 7:00:00 pm (CDT)
Auction Closed
Winning Bid: $100

Item Description

Rubies are some of the most valuable and celebrated gems in the world, and the world-class Ruby gems from Mogok are one of the most storied gems throughout history. Rubies have been mined around Mogok for centuries, and the best stones are still the world-standard for the material. This gem has an attractive glowing reddish-pink color, and is certainly gem quality. It has a "Round Step" cut. There are some slight inclusions, but the color is strong and saturated when the stone is backlit. These are absolutely some of the most popular Rubies in the world. PLEASE NOTE: This stone was imported to the US before the embargo that stated there will NOT be ANY of these Rubies imported to U.S. soil after September 30, 2008. The embargo is over, but it's very important to note that there is NO MINING taking place at Mogok right now. The combination of the pandemic and the civil war in Myanmar has left all of Mogok empty. It is unclear when or if mining will resume, and you can rest assured the price of Rubies and other gems from this area will almost certainly be higher once the area is back in production. Buy this gem now because they are disappearing from the market rapidly.

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Bidding History

Bid Amount Bid Time
$100 07/21/2022 6:22:49 pm (CDT)