Chiswick Auctions

Rare 10.51 carat natural Burmese ruby ring sells for more than 18 times its pre-sale estimate at auction

23rd September 2019

Chiswick Auctions saw an amazing result for a spectacular 10.51 carat natural Burmese ruby ring in our Jewellery sale last week. The ring, from a private European estate, sold for £462,500 (incl. BP), which is more than 18 times its pre-sale low estimate of £25,000. This set a new house record for Chiswick Auctions. The impressive ruby is accompanied by two gemmological reports that confirmed it was natural and unheated.

 

10.51 carat Burmese ruby and diamond cluster ring sold for £462,500 incl. premium in our
Jewellery sale on 17 September

Commenting on the sale, Sarah Duncan, Head of Jewellery at Chiswick Auctions, said: “We are delighted with the result of this extraordinary ruby. Natural rubies above 5 carats are very rare and one over 10 carats is exceptional, so we knew that it might attract a lot of attention. Rubies of this size infrequently come onto the market and because of this – and its outstanding quality – bidding was extremely competitive.”

The ring sold for £462,500 (incl. BP) to an undisclosed international buyer on the telephone.

Rubies are found throughout the world from Australia to Africa, but the most famous and prized stones come from the remote ruby mines in Mogok, Upper Burma (Myanmar). This small area of only a few square miles is known as the “Valley of Rubies,” and has produced some of the most beautiful gemstones in the world.

For more details get in touch with our Jewellery Department.

Enquiries 
Sarah Duncan
Head of Jewellery

 


Upcoming Auctions

Silver & Objects of Vertu

23rd Oct 2019

11.00am

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2019-10-23 11:00:00 2019-10-23 18:00:00 Europe/London Chiswick Auctions | Silver & Objects of Vertu Silver & Objects of Vertu 1 Colville Road, London W3 8BL Chiswick Auctions | 020 8992 4442

Rugs & Carpets

25th Oct 2019

12.00pm

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2019-10-25 12:00:00 2019-10-25 18:00:00 Europe/London Chiswick Auctions | Rugs & Carpets Rugs & Carpets 1 Colville Road, London W3 8BL Chiswick Auctions | 020 8992 4442

Islamic & Indian Art

25th Oct 2019

1.00pm

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2019-10-25 13:00:00 2019-10-25 18:00:00 Europe/London Chiswick Auctions | Islamic & Indian Art Islamic & Indian Art 1 Colville Road, London W3 8BL Chiswick Auctions | 020 8992 4442

British & European Fine Art including Portrait Miniature

29th Oct 2019

2.00pm

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2019-10-29 14:00:00 2019-10-29 18:00:00 Europe/London Chiswick Auctions | British & European Fine Art including Portrait Miniature British & European Fine Art including Portrait Miniature 1 Colville Road, London W3 8BL Chiswick Auctions | 020 8992 4442

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