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Giant 11,000-carat ruby found in Myanmar draws attention for its 2.2-kilogram weight, purple-red color, and potential to surpass other historic gems discovered in Mogok in value
A giant ruby of 11,000 carats, about 2.2 kilograms, was discovered in April in the Mogok region of Myanmar, an area known for precious stone mining and high-value gems.
Discovery in Mogok
Myanmar authorities announced the stone via a statement from the Ministry of Information. The purple-red gem drew attention for its unusual size and the quality of its coloration, an essential factor in evaluating rare rubies.
The giant ruby was described by the government as “extremely rare.” Despite international repercussions, there is still no official price estimate, and authorities have not revealed who located the stone.
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Stone could surpass 1996 find
The new gem could exceed in value a 21,450-carat ruby found in the same region in 1996.
The comparison gains strength because Mogok concentrates discoveries known in the international precious stone market.
Even with a smaller carat weight than the 1996 stone, the ruby found in April stood out for its purple-red coloration and the rarity attributed by local authorities. The final price, however, remains undisclosed.
Mogok has a history of large rubies
Mogok is historically linked to the largest ruby discoveries on the planet. Located in the central region of Mandalay, the area is home to deposits among the most valuable in the international precious stone market.
In recent decades, the region has recorded other historic finds. Official data cite a 496-carat ruby found in 1990 and another 2,789-carat gem discovered in 2022.
Market moves millions
Myanmar’s ruby market is known for involving millions of dollars. In 2015, a 25.59-carat Burmese ruby was sold for US$30.33 million at a Sotheby’s auction in Geneva.
The sale set one of the highest values ever paid for such a stone. The case reinforces international interest in Myanmar gems, especially when they exhibit intense color, significant weight, and traditional origin.
Color helps to value the gem
Industry experts often consider Myanmar rubies among the rarest and most valued on the planet.
The evaluation primarily takes into account the intensity of the color called “pigeon’s blood,” a deep red hue associated with stones from the region.
For the new giant ruby, authorities highlighted the purple-red coloration as a central point of the local discovery.
The combination of weight, origin, and color reinforced the impact of the announcement, although the price remains unknown.
With information from O Globo.
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