The just completed Sotheby’s Magnificent Jewels sale in New York is the first auction to sell two items for more than $30 million. The first is the “Estrela de Fura,” a 55.22-carat Mozambique ruby ...

Phillips, known for its record-shattering watch auctions, is upping its game in the jewelry segment just in time for some high-level Christmas shopping. Its December 13 New York Jewels auction is ...

A 55.22-carat ruby, the world's largest ever found, is "estimated to achieve in excess of $30 million" at Sotheby's June auction, PEOPLE confirmed One of the largest rubies ever found is expected to ...

The current record for a ruby sold at auction was achieved by the Sunrise Ruby. This 25.59-carat Burmese stone hammered down for $30.3 million at Sotheby’s Geneva in May 2015. This price also ...

The largest, and most expensive ruby to ever be auctioned off will be hitting the blocks at Sotheby’s. It’s called the Estrela de Fura, or Star of Fura in Portuguese, and it’s a 55.22-carat ruby.

The top lot is the Red Dragon, a 6.43-carat Burmese ruby and diamond ring estimated at $1 million to $1.5 million. The exceptional purplish-red color is natural (many rubies are heat-treated). It is ...