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Lily Safra’s jewelry auction set record on Ruby price

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As a symbol of passion, ruby makes an ideal romantic gift. Rubies adorn love-inspired jewelry like heart-shaped pendants and anniversary rings. Consumers are drawn to the lush color because it also signifies wealth and success. Ruby is the most valuable variety of the gem species corundum and perhaps the most expensive of all gemstones. This makes it one of the most important gems in the colored stone market. This 32-ct. Burmese ruby sold at Christie’s auction at almost doubled its pre-sale estimated worth of $20 million. 

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Lily Safra’s (Brazilian lady whom married to the late banker Edmond Safra) jewelry auction continues its recording setting pace with the sale of a Burmese ruby diamond ring designed by Chaumet. The american billionaire's "The Hope Ruby" is a stone weighing a whopping 32 carats. The sale price at the Christies auction was $6,742,440. The most expensive JAR jewel was a ruby and diamond Camellia flower brooch that was created for Safra in 2003. Pave- set with rubies weighing 173.09 carats, it was sold for $4,319,591 exceeding an estimate of $1,200,000- $1,500,000.