The gems are second only to colored diamonds in value, but their troubled provenance has made them an anathema to many. By Nazanin Lankarani Myanmar, formerly known as Burma, has long been a producer ...

GENEVA (AP) — A rare Burmese ruby in a platinum ring with diamonds sold for $30.3 million at auction, setting a world auction record for any ruby and for any stone by Cartier, according to Sotheby’s.

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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 ...

GENEVA (Reuters) - London luxury jeweler Laurence Graff has paid a record 8.2 million Swiss francs ($8.6 million) for a Burmese ruby, the top lot at a Geneva auction marked by strong prices for fine ...